Dreams of getting out of debt are not so rare these days, but stories of triumph we hear less frequently. Debt freedom is attainable, but it requires extreme dedication and a lot of focus. Here is a guideline, including six steps to dig yourself out of the debt hole. Create a spending record. A spending record is a great way to figure out where you can cut back on spending. This record should include everything from monthly bills to a pack of gum. After all money is money no matter how small. E...

A resolution that every American should tackle in 2013 is to get out of debt. Predictions for the coming year run the gamut. Some financial analysts are expecting a stagnant or slow economy due to mediocre job growth, while others are more positive in their outlook for 2013. But without a crystal ball showing the future, there’s just no way to be certain. One thing is for sure, no matter how you view the future or where you stand on why our nation is struggling with so many economic problems, yo...

So you have run into difficult financial straits and had to file for bankruptcy. That meant completing paperwork, filing documents with a court and/or municipal agency, and having a black mark on your record for a decade. You may have even had your home foreclosed on by the bank and/or some of your assets seized by creditors. This entire process can leave you feeling stressed, dejected, and helpless. But now, you're finally done with all that. Since the worst is over, you can start focusing y...

As many Americans battle just to pay their monthly bills, the fear and reality of falling into debt becomes overwhelming for many. One of the biggest challenges many individuals come across is a means to get out of debt without falling too far behind on their present financial responsibilities. First and foremost, those in a financial bind need to come to the realization that there is work to be done, they can get out of their financial hole, and there are ways to prevent this going forwar...

When people think of addiction, they think of drugs or alcohol, some substance that alters the way a person acts or thinks. Addiction, however, has many faces. Ultimately an addiction is a dependency on one particular habit which is in some way harmful. People that incur huge amount of debt, or debtors, are also victims of addiction and just like alcoholics or drug addicts require serious help. Debtors anonymous provides that kind of help. The organization is loosely organized and does not fo...

Don’t you hate when you get that call from collection agencies? You know the one – where they contact you and they pretend to be a friend and ask, “is Mary in?” Then, once they have you on the phone, if they’re honest, they say, “this call is an attempt to collect a debt. Any information obtained during this call will be used for that purpose.” If you are behind in paying your bills, no matter who you owe money to, you’re likely to get phone calls like that. However, just because you get suc...

Debt settlement is an effective debt relief solution for people drowning in unsecured debt. With debt settlement, you need to pay back only a part of what you owe to the creditors. Around 50% of the original debt amount is forgiven in this debt reduction process. However, there are too many scam companies in the debt settlement industry. These companies tempt the debtors with slogans like “be debt free in three months”. In reality, the fraud debt settlement companies push people further in debt....