Debt Consolidation Credit Counseling In Phoenix

These days it seems like everyone has thousands of dollars of debt they are trying to pay off. Whether it is student loans, car loans or credit cards, debt makes life more stressful. With the economy struggling and more and more jobs disappearing now is the time to pay off your debt and start a new life of financial freedom.

When trying to deal with huge financial issues like thousands of dollars of debt you may feel hopeless but you have to overcome this feeling to make a better life. Your first step to a debt free life is to organize you debt. You need to be an expert on your debt. Know every balance, every payment, and every interest rate that you owe. Write it down and refer to this list often.

Now for the truly hard part. Sell your stuff. It sound crazy but you are in debt because you bought a bunch of stuff you could not afford. Furniture, TVs, stereos, and even cloths can all be sold. Take the money your make off of your stuff and pay off the debt you created with it. Have a garage sale or sell your stuff on ebay, whatever will make you the most money.

Now look at your car and your house. If you struggle to make car payments, sell the car. Get a more affordable car that you can pay off in just a short time. Is your mortgage sucking you dry. It is probably time to sell the house. Move into a smaller house. Rent a house until you can get back on your feet. These are tough sacrifices to make but it is the only way to get out of the hole you created by overspending.

With your debt paid down as much as possible you need to develop an organized method to pay off the rest of your credit cards. Organize your cards by interest rate. Make extra payments on the card with the highest interest rate until it is paid off. Then move on to the next card. You may have to get a second job in order to be able to pay extra. It won't last forever though, just until you are debt free.

You must improve your financial situation if you want to improve your life. You will only fall farther behind the longer you wait. Go to www.personalfinanceissues.com to get help with your budget. They can provide the tools you need but only you can take the steps to improve your life.