When you owe debts, especially debts of significant amounts, you seldom feel at ease. Yes, you may be current with your payments, however, there is always that worry in the back of your mind that continually makes you think of worst case scenarios. What happens if you get laid off or lose your job? How about if you are injured and have to miss a lot of work? How can I save for future goals when all of my paychecks are going towards making my minimum payments?
If this sounds familiar, you are not alone. Millions of people are currently living with debts that seem to drain their bank accounts and wallets dry. However, there is hope. It’s not easy and will require a great deal of focus and discipline, but you can eliminate your debts once and for all. Let’s take a look at a plan of action that consists of only three steps and has been proven to be the best method for eliminating debt.
1. An Accurate Current Status
To start off, you need to have an idea