By taking the leap and deciding on a debt solution a consumer is opening themselves up to a world of advantages that comes with the journey to a debt free life.
Firstly when a debt solution, for example debt counselling. is decided upon, a consumer can rest easy knowing that they will no longer be hounded by money thirsty creditors and debt collection agencies. Many debt solutions offer a consumer protection against these practices, as the consumer is proving that they are actively seeking a way to resolve their debts.
Secondly consumers can look forward to knowing that their money is not just stopping interest gaps, but actually chipping away at the capital of a debt. Debt consolidation for example can reduce the interest owed on a debt tremendously as many creditors are wiling to give a negotiated price when settling a debt.
Thirdly, as debts are paid off, more money is available to the consumer to spend on themselves; or to start saving toward retirement or perhaps a luxury expense like a vacation. The consumer’s hard earned money is no longer swallowed by a black hole of bills, but instead it is finally working for them and allowing them to enjoy the fruits of their labours.
Lastly taking the step and committing to a debt solution ensures that the consumer will one day have a spotless credit record again, and instead of worrying about getting finance for truly big expenses like their dream home or car, they are simply able to dream their dreams and make them a reality without having the shadow of a creditor looming in the wings.
Article written by: Andrea van Tonder 03-2013