One of the many problems with getting out of debt is that many Americans are in denial about their debt situation. Millions more are unaware that the amount of their debt is troubling.
For me, being a Debt Counselor is like being a psychologist. When people find out I help people get out of debt, I usually see one of two reactions; 1. Denial and 2. an immediate request for help.
There are many problems with debt. Some of them include; not understanding how interest rates compound, not fully understanding the terms and conditions of their lines of credit, or simply believing that if they are responsible they will be able to pay their debt off.
The solution to getting out of debt begins with humbling oneself to the fact that some Ivy League mathematician has stacked the financial deck against them. I know, it wasn’t until I was coached by one of these math geniuses that I learned what many people don’t. That is, one must learn the secret code words and tricks that lenders use to keep borrowers in the role of indentured servants.
If this is where you are I suggest the following:
A. Pray for help.
B. Seek help
C. Act on the help
I’ve literally helped people save thousands of dollars of debt. But I couldn’t do it without their [the clients] help. If the clients that I’ve helped never realized that “maybe they were in over their heads” and reached out to me, I’d never have met them – let alone been able to help them.
Pride goes before debt falls.
We are Debt Warriors!