Solutions for Getting Debt Under Control

Today, everyone is looking for some solutions for getting debt under control.  We live in decade that bad economic times were created by bad habits adopted in earlier decades.  The ‘charge it and pay for it later’ generation is now looking for some solutions for getting debt under control. 

There are many solutions for getting debt under control offered in the marketplace now, and all over the internet.  One cannot go a week without hearing or seeing an ad for ‘credit monitoring services’ and ‘identity protection services’ and ‘debt solutions’ etc. 

All of these services offer indirectly or directly some solutions for getting debt under control, in one way or another, but some just do not work.  However, I have come across a service that I think offers extraordinary solutions for getting debt under control.  In addition to being a licensed Realtor, I am also a licensed Life Insurance agent in Michigan. 

The company I represent for insurance (Primerica) just came out with a new product called ‘Debt Watchers’ and having looked over all aspects of it, I think it works well as a consumer interactive program for managing and organizing their debt in order to pay the debt off in the fastest amount of time.  The Debt Watchers program is linked to one of the three credit bureaus called Equifax, and it provides a strategy for the consumer to get their debt under control.  

  

It is easy to understand, and it offers an effective solution for getting debt under control.  The program links with Equifax and allows one to use the information reported on the credit report to put together a simple plan to pay off the debt faster.  The software uses a method called ‘debt-stacking’ which helps one pay off the debt in a systematic order to take maximum advantage of paying off the debt faster. 

One can also access their own Equifax credit report up to 4 times a year at no charge.  They can also dispute items on their Equifax credit report, as well as see a simulated FICO score as the progressively pay down their debt, which is a great way to encourage one to continue.  

It is easier understood by visiting the Primerica website: https://my.primerica.com.  On the main web page, go to the bottom left hand corner and click on the links about the Debt Watchers program.  It explains all the details.  The Debt Watchers program costs $14.95 per month, and consumers can go on the website and sign up themselves.  If they like what they see on the website, and want to sign up, they will need to enter my 5 digit solution number* to do this: URSA4. 

If they know their own Primerica representative in their area, they can use their solution number as well.  The program is cheaper than a lot of credit monitoring services, and offers so much more in terms of debt reduction guided by the consumer, and is available in all 50 States except the District of Columbia. 

I also usually recommend people take advantage of the website: annualcreditreport.com where they can once a year obtain a free copy of their credit report.  At this website they can take a look at their credit report, and dispute negative and incorrect items on all three bureaus.  This combined with the debt watchers program allows them to monitor and improve their credit, as well as reduce their debt at the same time.   I consider this one of the better solutions for getting debt under control.

The ultimate way to get ones debt under control is also to change ones spending habits, and move away from a dependency on credit cards. 

*Primerica does compensate agents when people sign up for this program, as with any of their products.  I am recommending this program because I have reviewed it, and I feel it is a very useful tool for consumers to effectively manage and reduce their debt, but it may not be the right thing for everyone, so I suggest they look at the website themselves and read up on it.