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Debt is one of those things that unless you are born with a silver spoon in your mouth (and I wasn’t), you will deal with over the course of your lifetime. It’s the American dream, right? Is debt stressing you out? Now days debt comes in many forms like owning a house, buying new vehicles, going on vacation, medical bills, the need for all new and fancy gadgets, college, business adventures, and the list goes on. Did you know that at least 80% of baby boomers, 79% of Gen Xers and 81% of millennials are in debt? Off all that, medical debt is the number one cause of personal bankruptcy. So sad to think that to stay healthy, it comes with such a high cost.
Is debt stressing you out? Well you are not alone! I know all to well about spending more than you make. I have been in the same boat, and have worked my tail off to try and dig out only to have to rely on help because let’s face it – life is hard and things happen and we are all human. That is why I love Pacific Debt. They help you find a way to manage and get a handle on your debt. No matter what your debt is, or from where, they are top in their field for helping with debt.
I have written a few posts that help people find ways to earn money online, here and there, to help with monthly expenses or help put a little extra in your bank or pocket. Save Money Shopping Online and 5 Great Ways to Make Money Online, are both good reads with great resources to help bring in some extra money. But, sometimes just bringing in “extra” money isn’t going to help tackle some of your debt, like credit cards. The interest on credit cards can totally kill you! Just say you have a credit card with a $10,000 balance, and an interest rate of 19.9% (which is high but most cards are), and you can only pay $200 a month on it. It will take you 9 years to pay it off and you will pay back the whole $10,000 balance and another $11,000 in interest. That is freaking CRAZY!! I know some cards are low, but even at say a 9.9% interest, you will pay almost $3000 in interest and it will take about 5.5 years to pay it off. That is if you can make the monthly payments on time, and the full amount or more. Which, most people in debt can barely make the minimum payments. That is why Pacific Debt is here to help, and I love what they can offer those in Debt.
If you are finding that you are struggling to make ends meet due to your debt, don’t stress any longer than you need to. I know from experience that it takes a lot to admit that you are in debt, but once you do, and you reach out you will feel much better, and be able to breath and dig out from under the pile of bills and stress you have on your plate. Stop letting debt rule your life. A simple phone call is all it takes, to speak to a credit counselor and see what they can do to help you. Pick up the phone now! Life is to short, we are all human, and we need to enjoy life and not live day to day in fear of whatever it is the has been stopping you from seeking the help you need.