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If you’re in debt, you’ll see many different debt consolidation companies promising an easy solution to your debt. Just pay them, and you’ll be fine; they claim. But do they really pay off your debts and solve all your problems?

That might not be the case, according to attorney and firm partner John Scura, who is certified by the Supreme Court of New Jersey as a Civil Trial Attorney.

How good does debt consolidation sound? Take all your credit cards and combine them together with one easy lower interest payment. Here are some things you should know that might change your perspective on it.

Debt consolidation does not help you pay down large amounts of debt and it doesn’t get you out of debt quickly. It’s a refinanced loan that extends your payment. That means you will be in debt longer. Our view is if you’re in debt, you should be working to get out of debt as quickly as possible!

They market low-interest rates, but that doesn’t always mean it will be lower. A lot of companies market an introductory promotion of a lower rate to get people in and then raise the rate over time.

This is a big one. You are only consolidating your debt. You are not eliminating it. It’s really easy for us to view debt consolidation as the first step to us getting out of debt, but the problem is… usually nothing changes after you consolidate. You have the same buying and spending behaviors.

To eliminate debt, you don’t need to consolidate, you need a plan to start paying off your debt quickly!!!

It starts with taking control of your money. Getting eyes on where it’s going. You have to start with a budget, so you can start allocating money from areas of spending to now going towards paying down debt.

If you have multiple cards, there are two ways to attack it. First, stop using the cards. Start using cash for your expenses so the amounts don’t increase on your cards while you are trying to pay them down.

Here’s where two strategies come in: If you’re looking strictly at the numbers, you should pay all the minimum payments except for the card with the highest interest rate. Put every dollar & energy towards paying that card off first. Once paid off, put everything plus the new amount saved by eliminating a card towards the second-highest interest and continue to do this until they are all paid off.

What studies have shown is people have a higher success rate when they follow this plan, but instead of paying the highest interest rate first, you pay the lowest amount owed regardless of the interest rate. It’s encouraging and motivating to see change and the card with the lowest amount is the easiest to pay off. Going from 4 cards to 3 builds your confidence because you’re seeing it working! It’s shown that more people making to paying off all their debt with this strategy even though they might be paying a little more in interest.

Remember, it’s not a consolidation problem, it’s a behavioral one and it will only be fixed by taking control over your money!

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‘Back to the Black – How to become debt-free and stay that way’, is for those worried about debt and wanting to know how to manage the situation. By viewing the problem as a coach or a counsellor would, you’ll learn strategies for handling stress and formulating a plan. You’ll find out how to fix a repayment schedule that’ll shorten the time until you are debt-free; and discover some simple ways to track your spending while still enjoying life. After reading this book you will feel more confident of your ability to handle your debt situation…and you’ll have a plan for doing so. You’ll soon discover how to evaluate your current circumstances; how to set realistic goals for reducing your debt; how to develop a list of options; and how to calculate your discretionary income. This book also provides a comprehensive ‘Resources’ section, that outlines what further support is available to help ensure that a debt-free life is maintained after reading ‘Back to the Black’.

If you have debts you are Not Alone! According to data taken from The US Census, The Aggregate Revolving Consumer Debt Survey and The Survey of Consumer Finances, 160,000,000 Americans possess credit cards, which is just over half the population of America! More amazingly still, the average credit card debt of $7,219 per household in 2010! So, if you are feeling pinned down by credit card debt, you are certainly not alone! The average indebted American is now poorer than their 1980 counterparts! And this isn’t just an American problem; rather it’s a global problem! Since the end of world war two there has been a consistent push on behalf of the financial sector to push loan facilities, credit cards and all sort of other debts down our throats. We have become a debt based society and even though the 2008 financial meltdown demonstrated the flaws in this system, mouthing really changes as the world economy is based upon debt. While there isn’t much that any of us can individually do for the world economy we can step back and take back control of our finances. In much way the financial reality is like a fence and people are on one side or the other. On one side are the indebted and on the other side are the financially free. While many people repay their debts, within a short space of time they find themselves back in debt all over again. in this book you will be thought not only how to repay your debts but also you shall be thought how to become financially free, for the only way to guarantor your long-term financial wellbeing is to move from debt to wealth and it can be done. We are not talking about get rich quick schemes here; rather we are talking about sensible strategic action, regardless of income, which over time will radically change your financial reality from debtor to investor and from poor to well off! In this book you will learn about: * The five keys to financial freedom * Debt reduction programs * Debt settlement programs * Bankruptcy * Budgeting * Financial planning * How to maintain a budgeting diary * Medium to long -term goal setting * The mind-set reburied to shift from debtor to investor! In this comprehensive book you shall be shown with step by step and practical instructions how to turn your financial situation around. There are no gimmicks, but rather it takes a clear assessment of your financial reality combined with strategic action to turn things around, but it can be done and can be done effectively even if you are an ordinary person earning an ordinary wage! Take the jump today, forget about what everyone else is doing and start to take responsibility of your financial wellbeing back into your own hands!

It’s much easier to become a money machine on the road to wealth if you first get rid of the debt that’s choking your engine.

You’ve seen all the goofy ideas and fads that don’t work. Now it’s time to get back to basics with a simple, time-tested, step-by-step plan that anyone can follow.

Arm yourself with the truth about getting out of debt.

Knowledge is power and you’re going to get it.

Find out:

Whether your mortgage is good or bad (the answer may surprise you!) About the Power Pay Off Plan (and how Sam saved 20 grand) The secrets to successfully get out of debt Where to find the money you need for debt free living How much money you ought to be putting towards paying off debt The truth about debt consolidation (including pitfalls to avoid) How to use insurance to protect yourself from the unexpected What to do next, once you’ve started on the road to wealth

Your student loans, mortgage, car loans, and credit card balances can all be gone with the straightforward strategies you’ll learn in this book. You don’t have to feel stress, shame, or embarrassment over it for one moment longer. You’re going to take control and change your life for the better.

You’ll also get free access to The Debt Destroyer. This wickedly good tool will create a customized plan for you to pay off debt and ensure that more of your money stays in your pocket.

You don’t have to tackle this alone, and you don’t have to be rich to pull this off. If you want debt help on a budget – with straight talk and no tricks – you’ll find everything you need right here. Debt relief can be yours.

Buy this book today and get started. It’s your turn.

Out of the red…

Do this month’s bills pile up before you’re paid last month’s?

Do you regularly receive past-due notices?

Do you get letters threatening legal action if immediate payment is not made?

Do the total amounts on your revolving charge accounts keep steadily rising?

Into the black…

Whether you are currently in debt or fear you’re falling into debt, you are not alone.  Forty million Americans–from doctors to secretaries, from executives to the unemployed–face the same problem and live under the same daily stress. Based on the proven techniques of the national Debtors Anonymous program, here is the first complete, step-by-step guide to getting out of debt once and for all.  You’ll learn:

How to recognize the warning signs of serious debt.

How to negotiate with angry creditors, collection agencies, and the IRS.

How to design a realistic and painless pay-back schedule.

How to identify your spending “blind spots.”

How to cope with the anxiety and daily pressures of owing money.

Plus the three cardinal rules for staying out of debt forever and much more!

This book is neither sponsored nor endorsed by Debtors Anonymous.  A recovered debtor, the author is intimately familiar with the Debtors Anonymous program.Millions of consumers have become trapped in a spiral of debt, but there is hope. If you wants to free yourself from the shackles of debt, this book is for you–it can help you “get out of debt, stay out of debt, and live prosperously.” Jerrold Mundis writes in a friendly, engaging style, urging readers to stop the cycle of spending. Mundis knows what he’s talking about–he, too, was once thousands of dollars in debt and didn’t know where to turn. Anecdotes from Debtors Anonymous folks, plus multiple examples from the writer’s own life and ledgers, make How to Get Out of Debt an encouraging read, not a condescending one. Once you start your program, you may want to periodically reread some chapters for inspiration–and fun.

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Mortgages, credit card balances, student loans, car loans, and home improvement loans have become a way of life for the majority of us. And debt is putting not only our present at risk as we live paycheck to paycheck, but our futures in jeopardy as shockingly few of us have enough put away for retirement. Personal financial expert Mary Hunt wants readers to embrace the radical but simple truth that they don’t need more credit or more stuff–that they can live their lives debt-free.

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