Doctor Debt is now your guide to the understanding, prevention and treatment of debt!
Millions of individuals every year find themselves struggling with debt. In fact, Americans racked up more than $800 billion in credit card debt in 2004. Although the statistics are alarming, finding a way out of debt doesn't have to be difficult. Doctor Debt is your source to relieving your financial ailments. Through this virtual clinic, you can gain the tools and resources you need in fight debt.
Understanding your debt is the first step to conquering it. Everyone can learn to master and protect their finances. What many of us don't understand is that with discipline and proper guidance, the process doesn't have to be as difficult. Doctor Debt is here to help you identify that problem. Each patient in the Doctor Debt virtual clinic will learn of affordable treatments and prescriptions for relieving your financial obligations. It's up to you to find out how to sustain a debt-free life!
Now that you have identified the problem, its time to discuss solutions. There are two types of general debts; secured and unsecured. Secured debts are those that have a tangible asset securing the debt. These are things like a car, boat or house. Should a consumer not pay a "secured" loan, a creditor can repossess the secured item. On the other hand, unsecured debt is without any type of collateral, such as credit card debt and hospital bills. There are a number of unsecured debts that can be treated with some form of debt reduction program. In fact, anyone who has accumulated financial debt and continues to fall back in payments qualifies to enter a program.
If you are visiting the clinic, you are likely looking for the most effective treatment. Debt consolidation (also known as credit consolidation) allows you to consolidate multiple debts into one to save money, especially on interest, and it comes in many forms, such as credit card debt consolidation and debt consolidation loans, for example. Doctor Debt recommends this treatment because it is designed to help people pay down bills and reduce debt. However, the key to success with debt consolidation is discipline. You must be able to utilize the tools Doctor Debt provides for you and most importantly, stop spending!
We hope that once you've left Doctor Debt's clinic, we hope you will feel better about your debt situation.