96 | Debunking Debt Consolidation & Debt Relief Programs: Take Control of Your Debt Payoff Journey + Step By Step Plan To Deal w/ Creditors & Settlements

Grab our $7 DIY Debt Relief Plan Workbook Now! In this episode, we discuss exactly how the debt consolidation process works and why you don't need to rely on debt relief companies to get out of debt--whether you're behind on credit card payments or not. There are many benefits of taking charge of your own debt payoff journey so listen to learn how to save time and money without the middleman. We debunk common misconceptions and provide practical tips for achieving financial freedom. In this episode we're: Introducing the topic of debt consolidation and its popularity Acknowledging that it's a touchy subject & many people believe it's a better option Debunking the myth that debt consolidation companies are necessary for debt relief Sharing a few client experiences with debt consolidation companies and the challenges faced Exploring the alternative of contacting individual creditors and making payments directly Discussing the advantages of the debt snowball method and tracking progress personally Sharing real-life examples of clients who successfully managed their debts without consolidation companies Reiterating that debt consolidation companies may not have your best interests at heart Stressing the simplicity and do-ability of handling debt on your own Encouraging you to take control of their finances and be proactive in debt payoff Discussing the drawbacks of debt consolidation companies, including lack of urgency and proactive measures Emphasizing the desire to be a good steward of money and take responsibility for financial mistakes Encouraging you to own up to their debts and begin the process of tackling them Explaining that debt consolidation companies don't make debts disappear, and it's better to face and address them directly Remember, taking control of your debt is possible, and you have the power to make a positive change in your financial situation. Don't let debt consolidation companies dictate your journey – own it and pave your way to a debt-free life! 4 Ways To Connect With Us: 1️⃣ FREE CALL: Book your FREE 20-Minute Financial Coaching Call now! Get personalized advice and start your financial journey ➡︎ https://www.budgetbesties.com/freecall  2️⃣ FACEBOOK: Become part of our Supportive Facebook Group. Connect, share, and learn with others mastering their budget skills ➡︎ https://www.budgetbesties.com/facebook  3️⃣ BUDGET: Grab our Signature Budget Template! It's your key to organizing and optimizing your finances effectively ➡︎ https://budgetbesties.com/budget  4️⃣ COACHING: Ready to dive deep into your finances? Sign up for 1-on-1 or Group Financial Coaching. It’s the accountability and guidance you need to make real progress ➡︎ https://budgetbesties.com/coaching  "I love Shana & Vanessa and this podcast is amazing!" < If that sounds like you, please consider rating and reviewing our show! It helps us to reach more people – just like you – to help them change their financial future. Don’t forget to follow the show so you don’t miss any episodes! And, if you’re feeling really generous, we’d be SO honored if you would share this podcast with someone.  Click here to view our privacy policy. This description may contain affiliate links, meaning we may get a commission at no cost to you if you click & purchase!