Alyssa is a Certified Debt Specialist at New Era Debt Solutions and has helped people get out of debt since 2000. She has worked for various debt service companies and holds certifications from multiple financial networks and associations include the IAPDA (International Association of Professional Debt Arbitrator). Alyssa played a major role in the regulation of our industry and believes compliance and transparency is key! In her free time, she enjoys spending time with her husband, children and grandchildren. You will also find her at the local coffee shop sipping on a latte, creating a new healthy meal at home or participating in weekly game night.
If you’re paying down your debt, then you know it is a challenging task. It may become tempting to look for ways to cut corners, however these options may cost you more time and money. Mistakes during debt payoff occur often and can sabotage the efforts you’ve made to improve your financial life.
You probably know personal debt is a serious problem for many people in the United States. But have you ever wondered how so many people get into debt to begin with?
The average American holds a credit card balance of $6,375. Debt can lead you to disastrous consequences and it can consume your assets. While it may seem like debt piled up overnight, it’s usually the result of small decisions made over time. Although there are many effective debt elimination programs like debt consolidation, it is important to be aware of the causes that lead to financial hardship.
New Era Debt Solutions highlights the top 5 reasons debt happens:
When you have credit cards that haven’t maxed out yet, debt doesn’t seem so bad. Until one day, you see how much money you have wasted on interest or you go to buy something essential and simply can’t afford it. When this realization occurs, you have two options, bury your head in the ground or get debt free.
You may have a spur of motivation when you begin this game plan. But after a while, these endorphins fade and reality sets in. While on your journey to debt freedom, it is only natural to have highs and lows.
Fortunately, New Era Debt Solutions has a few tips on how to stay on track:
Did you know that financial problems are among the leading causes of divorces? Unfortunately, some couples don’t necessarily pay attention to that critical part of the vow – “For richer and for poorer.”
But the good news is that most money-related problems couples face are totally avoidable. It just takes being willing to listen to sound financial counsel.
The following includes some tried-and-true tips New Era Debt Solutions believe newly married couples can use to start out on a strong foundation – both financially and relationship-wise: