After the recent financial upheaval, almost all individuals are drowning in the sea of overwhelming debt. The latest statistics from the Federal Reserve indicate that the total amount of consumer debt in the United States stands at nearly $2.4 trillion. However if you are concerned about your debt burden and want to get rid of it, go for\u00c2\u00a0free debt consolidation<\/strong><\/a>. Besides that, you can also aim to achieve debt-free living by making a few changes in your life style that involves little bit of personal sacrifice and patience.<\/p>\n
However, let us look at a few simple steps following which you can achieve debt-free life.<\/p>\n
Help to come out of debt:<\/strong><\/p>\n
If you have credit card debt then perform lower interest balance transfer. This will help you to save money as this reduces the monthly payment, and will also help you with debt clearance as well.<\/p>\n<\/li>\n<\/ul>\n
You can also borrow loan with low interest rate and consolidate all your debts into that loan. This will allow you to handle one loan instead of multiple debts, and will also allow you to pay off the debt as soon as possible.<\/p>\n<\/li>\n<\/ul>\n
Also, try to make more than minimum payment. This will help you to pay off the debt faster than you thought before.<\/p>\n<\/li>\n<\/ul>\n
Debt solution:<\/strong><\/p>\n
Debt-free living can also be possible via a debt solution. If your debt-to-income ratio is too high go for debt management plan, individual voluntary arrangement, debt relief order or personal bankruptcy.<\/p>\n
However, if you follow the above mentioned steps you will be able to clear your debt and live a debt-free life.<\/p>\n","protected":false},"excerpt":{"rendered":"
After the recent financial upheaval, almost all individuals are drowning in the sea of overwhelming debt. The latest statistics from the Federal Reserve indicate that the total amount of consumer debt in the United States stands at nearly $2.4 trillion. However if you are concerned about your debt burden and want to get rid of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[80,78,81,79,52],"class_list":["post-788","post","type-post","status-publish","format-standard","hentry","category-tel","tag-budgeting","tag-debt-free","tag-debt-solution","tag-money","tag-real-estate"],"_links":{"self":[{"href":"http:\/\/tempotidbits.com\/wp-json\/wp\/v2\/posts\/788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/tempotidbits.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/tempotidbits.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/tempotidbits.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/tempotidbits.com\/wp-json\/wp\/v2\/comments?post=788"}],"version-history":[{"count":0,"href":"http:\/\/tempotidbits.com\/wp-json\/wp\/v2\/posts\/788\/revisions"}],"wp:attachment":[{"href":"http:\/\/tempotidbits.com\/wp-json\/wp\/v2\/media?parent=788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tempotidbits.com\/wp-json\/wp\/v2\/categories?post=788"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tempotidbits.com\/wp-json\/wp\/v2\/tags?post=788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}