• Home
  • About
  • Advertise
  • Contact
  • Policy
  • Guest Post
  • Archive

One Cent At A Time

A Personal finance blog to get rich

  • Email
  • Facebook
  • Pinterest
  • RSS
  • Twitter
  • Beautiful Life
  • Becoming Rich
  • Beginners Guide
  • Extra Income
  • Productivity
  • Saving Money

How to Use Debt Settlement to Escape From Debt

January 22, 2017 1 Comment

Share this:

  • Tweet
  • Email

Many of us have debts which need to be repaid and harnessing those debts can be quite the challenge. Humans are weak, and we are all prone to doing many of the same behaviors which got us into a bad situation in the first place, this time hoping for a different result.

Credit card companies know that most people fit the clinical definition of insanity so they keep feeding us their product. They also know that most of us one day emerge from the haze and make a conscious and earnest decision to get a hole of our lives.

This is why credit card companies and their subsidiaries have begun rolling out their debt settlement program. You may have some questions, such as:

  • What are these magical programs?
  • Are they the right thing for me?
  • How can I find out about which credit cards I have that will fall into the rubicon of their debt settlement program?

All excellent questions we will tackle right now!

FACT: Most of us like to live well beyond our means. We extend ourselves too much, and before we know it we are in over our heads. This very likely wasn’t a conscious decision on our parts, but the reality is what it is.

  • If you have a few department store credit cards, a couple of the major cards, and you keep swapping around which ones you will pay this month and where you can swap balances so that you can pay less interest, you are in over your head.
  • If you have to take out loans or get cash advances from your credit cards just to put food on the table while your bank account balance teeters dangerously close to zero, you are in over your head.
  • If you are constantly thinking about your debts, you are in over your head. If you can’t turn the heat in cold winter nights because you know you can’t pay the bill this month, you are in over your head. If you can’t sleep at night for fear that you won’t have a roof over your head the next morning, you are in over your head.

How do you get out from underneath this behemoth? Through debt settlement programs provided by these credit card companies. They are programs where you will be able to settle most or all of your credit card debts for a fraction of what you once owed. Making one smaller payment each month really helps get people focused in on their objective.

Typically, their debt settlement programs offer consumers a fresh start where they can pay off their debts at a 0% interest fixed amount each month. After a predetermined amount of time, their debts will be paid in full.

What’s even greater about their debt settlement program is that you won’t be able to keep spending! Your card accounts will be frozen and once you have retired the agreed upon amount, your cards will be closed.

Debt settlement is a great option for many people who just can’t get out from that mound of debt. If you want to explore this option you should go with one of the best names in the business. A New You strives to show customers there is life after debt!

LIKE THIS POST?
I agree to have my personal information transfered to MailChimp ( more information )
Join our community of 8000+ subscribers to increase your net worth and build wealth
We hate spam. Your email address will not be sold or shared with anyone else.

Share this:

  • Tweet
  • Email
The tool that changed the way I manage my personal finance - Personal Capital, The Best Free Personal Finance Tool

Want to start a WordPress blog now? The onecentatatime.com blog is hosted by Siteground Web Hosting. For only $3.95 a month, Siteground can help you set up and host your website/blog quickly and easily.

About the Blogger Hi I am SB, a personal finance enthusiast with a career in software development. I am an immigrant to the USA since 2005, after being born and brought up in India. This 40 something technocrat lives and breathes personal finance whenever he gets time from the day job, job as a husband and a dad

Some links on this page may be affiliate links, if you make a purchase following the links, I may earn a commission. Read affiliate disclosure here
« Choosing a New Location for Expanding Your Business
3 Ways to Reduce Insurance Cost »

Comments

  1. Jesus says

    January 23, 2017 at 2:23 AM

    Debt Settlement is good for you. I was asking debt settlement for single mothers by the help of the Government Grants.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



Create your own blog in 20 minutes and $20

Personal Capital, a free tool to change your financial health today

I use and suggest Upstart, for your personal loan need

CreditKarma, a free tool to check your credit scorey

I use Coinbase, for my crypto investments

101 Cents at a Time

101 Ways to Earn Extra Money on the Side
201 Frugal and Perfect Birthday Gifts
101 Ways to Save Money Everyday
101 Ways to be Better and Successful at Work
101 Ways to Save Environment and Energy
101 Frugal and Romantic Anniversary Ideas
101 Low-Cost Men's Fashion Ideas
101 Personal Finance Tips
101 Ways to Reuse Household Stuff
101 Things to Do, When Nothing to Do
101 College Graduation Gift Ideas
100 Tips for Ecommerce Startup
101 Ways to Enjoy Indoor During Winter
101 Ways to Beat Procrastination

Popular Posts

Quick Cash - How to make $100 legally, in a day
Living well on less than $15,000 a Year
Top survey sites for side income
What to do when auto repair goes wrong
Where should I invest my money now?
20 Ways to be productive and happy at work
51 Ways to get out of debt
Be a better person in 15 days, 15 ways
Income ideas for retirees and senior citizens
51 side jobs for college students
Urgently need a large amount of money?
Should I buy or should I rent?
Best Personal loan providers
25 Ways to save environment
25 DIY car repairs to save money
How to decorate office cubicle
How to show your wife you care
50 Financial Rules for Success
51 Frugal weekend family activity ideas
Become Rich By Saving 1 Hour Of Daily Wage
How much do I need to save for retirement?
How to negotiate your salary

Follow us on FaceBook

About Author

SB

Blogger by choice and IT manager by profession. Finance is my passion and gardening is my greatest satisfaction. Born in India, settled in US, Husband and a father. I created this blog in 2011 with a vision to help others. Thanks for your patronage. More info on my "about" page.

View all posts


Subscribe

Join our community of 5000+ subscribers to increase net worth and build wealth

Advertisements

Personal Stories

How I got a new HP computer replaced
Was COVID circulating in USA in fall of 2019?
How my credit score went up 800+
Why I didn’t invest in Bitcoins
How I controlled impulses to buy things
Why this blog is named One Cent at a Time

Subscribe via Email

Site Disclaimer

Disclosure of Material Connection: Some of the links in this web site are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. Regardless, I only recommend products or services I use personally and believe will add value to my readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”
Read full Affiliate disclosure


One Cent at a Time is published by SB. The opinions expressed herein by him are his own and not those of his employer or anyone else. All content on One Cent at a Time is for entertainment purposes only. By reading this blog, you agree that SB and/or One Cent at a Time is not responsible for any actions taken after reading this blog. For the full disclaimer, click here .

Major Media Mention

One Cent at a Time Media Appearances

Copyright © 2023 One Cent At A Time · Designed by Nuts and Bolts Media