Jun

Debt Free is the Way to Be

site management on June 22nd, 2009

: Image by David Robert Wright via Flickr

Debt Free is the Way to Be
By Ariel Pryor

Things have changed and in these current credit crisis times, the new status symbol in America is to be debt free. During the easy money days of the 80’s and 90’s when financing was everywhere and money was thrown at you by the banks, the next best car or biggest home was the status symbol of choice. Now America is waking up to the tyranny of over financing and the burden of debt and the new symbol to be proud of us acquiring a completely debt free status.

Have you been able to pay off your house yet? Are you still paying that stiff monthly bill for your BMW or Mercedes or big truck? These toys of the past are all wonderful, but the credit crisis and current economic times has led to a reevaluation of what is appropriate. I am all for these wonderful luxuries of life, but now is the time to pay for them with real earned monies and shed the burden of financing. People across the country now are boasting of their hard work to pay down or pay off their house or cars in a time when so many find themselves financially upside down. The freedom of acquiring debt free status is truly the status symbol of our decade.

Unfortunately debt holders are still all too common according to current statistics but I for one am breathing a sigh of relief as we seem to be seeing a swing in priorities to acquiring debt freedom. Instead of leveraging your life away payment by monthly payment for a new car that requires huge financing, consider saving and buying a vehicle that you can pay off immediately. If you haven’t already paid of your home, consider the tough but important task of creating a plan to pay off your house debt burden faster than your stated loan terms.

For those that have a long way to go towards achieving debt freedom, do not fret, it can seem like a monumental task that is set before you, but there is help and hope available in many forms. The federal government provides many resources, including debt counseling or credit management programs, and there are many private organizations that are dedicated to help the willing. With the willingness and the dedication, it can be achieved and you will thank yourself afterward.

Ariel Pryor is a credit expert who counsels and helps people with Really Bad Credit to get the loans and credit cards and begin rebuilding their credit. If you found this article helpful, let me help you save money and time finding your next Loans for Bad Credit.

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