Are you struggling with debt and can’t figure out how to settle it? Before you start thinking about pulling a last resort, there’s still time for a coup de grâce. If you or a group of people, a business or corporation, really any type of entity or organization is in a financial crisis, then the infographic below can help get you moving in the right direction. Take a look at the different stages of debt and the solutions you have at your disposal.
Each struggle has a game plan mapped out with choices to make and options to take. Ranging from those of you that have great credit scores, and stay on top of your bills, and make all your payments on time—to those of you that have nothing left to lose, there is a solution. Sometimes the solution may be as easy as talking to your lender about changing the interest rates, or taking out a consolidation loan to pay off your debts. The worst case scenario is bankruptcy, but hopefully there’s still time to change your game.
Before things get bad and you find yourself buried in debt, take the time to find a credit counselor and work out a financial plan. There are plenty of agencies out there; one of the most well-known in the business is Consolidated Credit. They have plenty of services to help you get the ball rolling on credit and debt so you don’t have such an uphill climb into battle. Give them a call today!