When Should You Ask for Help Getting Out of Debt?

When Should You Ask for Help Getting Out of Debt?

If you’re carrying a significant amount of debt, you’re not alone. The average American carried about $38,000 in personal debt in 2018, excluding mortgages. With so many people carrying a large amount of debt, you might be wondering when it’s time to ask for help.

Getting in touch with a credit counselor at a debt relief company may be the help you need to reduce or eliminate your debt. This post will help you discover when you should get help managing your debt and what debt relief options might be available to you.

Is It Time to Ask for Debt Help?

Many people struggle to manage their debt, meaning it can only get worse. This makes the right time to get help for your debt sooner rather than later. Even if you have below-average debt, a service like credit counseling can help you feel more secure in your debt repayment plan. A credit counselor can also help you set up a budget that allocates the money you need to pay your debts.

If you’re feeling overwhelmed by above-average debt, reaching out to a debt relief company could be your best option. Debt relief programs are designed to help make managing your debt easier so you can begin working toward paying it off. Your Debt Relief Team should be able to customize a repayment, settlement, or debt consolidation help program for your financial situation.

Debt Relief Options

Depending on the amount of debt you currently carry and your income, you likely have several debt relief options available. Some options include:

Finding the right option for your situation is important to your debt relief’s success. For example, if you need credit card debt help, a consolidation program might be the right choice for you. On the other hand, if you have larger debts and need help, such as tax debt help, a debt settlement program might be the best option.

Accredited Debt Relief Can Help You with Your Debt

As an experienced and trustworthy debt relief company, Accredited Debt Relief can provide you with help getting out of debt. We’ll work with you to create a debt relief program that’s tailored to your debt and ability to repay your obligations.

The Debt Help Process

After contacting us for a free consultation, our Debt Relief Team gets to know you and your financial situation. We’ll help walk you through potential debt relief options and answer your questions along the way. Once you commit to a debt program, we’ll get started working for you. This usually involves contacting your creditors to let them know you’ve entered a relief program. 

During this time, we usually let our experienced negotiators speak to creditors on your behalf to potentially reduce payment amounts, debt owed, interest rates, or excessive fees. We’ll be there to continue answering your questions and help you stay motivated throughout your debt relief process.

Why You Should Choose Accredited Debt Relief

In addition to over 20 years of experience, our credit professionals are accredited members of the American Fair Credit Council (AFCC). This helps ensure our Debt Relief Team is honest, ethical, and puts your needs first. Our debt help has allowed numerous people the chance to reduce or repay their debt. Get started today with a free consultation to learn more about how we can help you start the journey to getting out of debt.