Continuing from Five Steps to Getting Your Finances Back On Track (Part 1)¸ the following discusses the final three steps you can take in order to get your finances back on track after racking up extra debt this holiday season.
- Step 3: Avoid being sucked in to fraudulent services – When it comes to climbing out of debt and getting back in good financial standing, it can be very appealing to look for the quickest way out and, as a result, get sucked into fraudulent schemes. While such “get-out-of-debt” quick services may promise you the world and can seem far more attractive than the slow and sometimes painful alternative, it’s crucial that you do not get enchanted by their false promises, as signing up for such schemes could ultimately bury you into more debt than you are already facing.
In fact, some of these services can charge expensive fees with associated high interest rates while doing very little if anything to help you settle debt or stave off creditors. Here, the age-old axiom, If it sounds too good to be true, then it probably is, rings true, and if you are unsure in any way about the legitimacy of such services, then it’s best to avoid them altogether.
- Step 4: Stay the course – The journey to getting back on financial track will take a consistent effort, and perhaps the hardest part of the whole experience will be continuing to stay the course for the months or even years that it takes. Some things you can do to help keep yourself committed to staying the course can include:
- Putting together a “reminder” book that you can look through when you are tempted to stray from your plan – This can include copies of your growing savings account statements or even copies of former past due notices (one that reminds you what you are working towards while the other reminds you what you want to never see again as you work towards your goals).
- Giving yourself a break every now and again – Every so often, you should treat yourself to some small luxury, like a nice dinner or a special purchase.
- Step 5: Know when to ask for help – If you don’t seem to be making progress towards your financial goals, it may be time to consult an expert who can help you tailor your plan and ultimately get back on the road to financial recovery.
Colorado Bankruptcy Lawyers
If you are overwhelmed by seemingly insurmountable debt and are looking for a financial fresh start, contact the trusted Colorado debt relief and bankruptcy lawyers at the Law Office of Jon B. Clarke, P.C. For more than 35 years, Mr. Clarke and his diligent support staff have been successfully helping our clients resolve even the most complex bankruptcy cases for both individuals and businesses alike. Our experienced legal professionals are committed to providing each of our Clients with the personalized debt relief assistance they need, and we will work tirelessly to ensure that our Clients’ cases are resolved as favorably and efficiently as possible.
For a thorough assessment of your situation, along with expert advice regarding the best manner in which to move forward to unburden yourself from debt, call us at (866) 916-3950 or email us some details about your situation by clicking here.