The Internet is one of the best places to go when you are struggling with overwhelming debt. While it won’t answer absolutely all of your questions (only a debt professional or a credit counselor can do that), it will definitely answer most of them.
Numerous stellar resources and solutions can be found online, from checking your credit to research debt relief companies to actually applying for these debt relief services. And that’s not even to mention debt calculators and other debt tools.
Below are a few of the best ways that the Internet can help you with your credit card debt problem.
Free Online Credit Reports
Perhaps the single most important thing that the Internet can do for your credit card debt problem is offer you the ability to check your credit report for free online.
The website http://www.annualcreditreport.com is the best place to go for this service. It allows you to look at your credit reports without paying any money. This can help you catch any errors and create a plan of action for tackling your debt. Better yet, you can view all three of your credit reports form all three of the major bureaus.
Heck, even if you are not struggling with debt, you should get into the habit of checking your credit report on a regular basis. Once per year is a good bet.
Many people decide not to take out a further loan or go to credit counseling to get out of debt. This can be an honorable thing to do. It can help you get out of debt without any negative consequences afterwards.
If this is what you are planning on doing, then using a financial calculator is a must. Using one of these will help you set up a plan of action. It will show you how big your overall amount of debt is and how much you need to pay off each month. It also takes your budget and monthly expenses into consideration and spits out a figure that shows you just how much you can actually afford to pay on your debts each month.
The best part about financial calculators when it comes to debt is that they let you fiddle with the different money amounts that you can enter. This lets you see just how big of an impact certain budget cuts might have on the repayment of your debt. Seeing just how much money you can save by cutting back on a certain expense is motivation in itself.
Find the Best Credit Card Debt Help Company
It is easy to find a superior credit card debt help company or service with the Internet. Reviews and reports on many of the most popular services are easily found. A great place to start is our very own debt resources page here on Project Debt Relief. Here you will find numerous resources along with breakdowns of the most popular debt relief companies sorted by the type of debt management they specialize in.
Be sure to check out the Better Business Bureau website no matter the particular company that you choose. This is one of the most trusted and respected resources for this kind of thing in the world.
Create a Budget Plan
One of the best types of online credit card debt help is the budget plan. We’ve talked about budgeting quite a bit before on the Project Debt Relief blog.
Basically, creating a budget plan is the next step to getting out of debt after you have committed to the idea in the first place. It helps you track exactly where your money is going. It can help you save even more of your money and put this money towards your debts. This, in turn, will help you get out of debt much faster.
After tracking your budget plan for a while, you will also be able to see which areas of your spending you can cut down on. You will be able to see which areas don’t make sense to spend on anymore.
Another excellent budget resource is available at Bills.com. Check out their super handy budget guide for more detailed information on budgeting.
Consider Debt Consolidation Loans
In days gone by, you had to go to a bank or to a professional debt relief company to apply for a debt consolidation loan. Nowadays, you can actually do so online with the help of a reputable lender.
Make sure that you find a company that offers stellar interest rates. Research this company and make sure that they are legit. If things check out, you can complete their online application. You’ll likely hear back from the company in just a few short minutes.
We offer a similar application/request process on our own website. Fill in the information at the top right hand side of this page and a trained and experienced debt professional will contact you back in a matter of minutes.