Doctor Debt

Debt- Try Doctor Debt's Solution!

Escape the Debt Trap!

Doctor Debt wants to see you live a healthy, debt-free life. The best way to avoid financial problems is keep your debt manageable. We can all make our financial burdens better by making smarter choices. There is no magic prescription that will cure every patient's financial problems, but there are tips that can help you put your debt management into perspective. Doctor Debt suggests:

Create a realistic budget and stick to it!
Charge items on credit only if you can afford to pay for them now. Overcharging now promises future credit card debt!
Find alternatives to spending money. Period!
Don't impulse buy!
Don't buy things you really didn't plan on buying and can't afford!
Avoid large rent or house payments- obligate yourself only for what you can afford. Consider refinancing if necessary.
Don't allow your debt to exceed 20% of your income (excluding your mortgage).

Doctor Debt's Crew Is Here!

If your feeling overwhelmed about paying off debt, you are not alone. Prioritizing and understanding your debt can make the burden lighter. Doctor Debt feels this is absolutely necessary, especially if a patient seeks additional financial assistance such as debt consolidation. Some debts are more important than others. Focus on paying your essential debt first. These are debts that could possibly alter your life if not paid. Examples of these debts include:

Rent/Mortgage
Child Support
Unpaid Taxes
Car Payments

Nonessential debts can be second to the above. These forms of debt are desirable if paid off but not a necessary obligation. Examples of these debts include:

Department Store/ Gasoline charges
Loans from Friends/Relatives
Subscriptions
Credit and Charge Cards

Some debts aren't essential but will cause patients to be uncomfortable if not paid. These include:

Medical Bills
Court Judgement
Family Necessities

Important Notice For All Patients!

In the past, bankruptcy was the only solution for debt. Unfortunately, filing for bankruptcy leaves a scar on your credit for ten years and makes it difficult to have future financial freedom. Doctor Debt strongly urges patients to avoid bankruptcy at all costs!!! We recommend utilizing financial assistance programs including debt negotiation, consolidation, loans and counseling to help you achieve debt reduction and debt elimination. Patients are urged to prioritize their debt. Doctor Debt reminds you never to pay nonessential debts before your essential debts are covered. This is the healthier method to debt relief. Getting debt help is your best shot at debt recovery.