7 Great Reasons to Find a Debt Resolution Strategy

Published May 2021

If you are carrying bad debt, it’s time to get rid of it. There are plenty of reasons why you should pursue freedom from debt, and there are many ways to do so. Here are just a few.

Key Points: 

  • Bad debt hurts your finances and hijacks your future.
  • Getting rid of bad debt will allow you to achieve financial security.
  • Debt resolution eliminates unnecessary stress from your life.

Debt is a financial tool. You may choose to use this tool, or you can elect to live without it. Some debt is “good debt” as it can help you make headway in life and improve your finances. Other debt, like consumer credit card debt, is toxic and will limit your financial maneuvering room. 

The problem is that due to a lack of financial education, many people cannot tell the difference between good debt and bad debt. Thus, they wake up with piles of bad debt, their future on hold, and their credit score in shambles. 

If you are carrying bad debt, it’s time to get rid of it. There are plenty of reasons why you should pursue freedom from debt, and there are many ways to do so. Contact a ClearOne Certified Debt specialist at 866-481-1597 to learn about your available debt resolution options

Can you resolve your debt through credit counseling? Should you resort to a debt consolidation loan, or is debt settlement a faster way to leave debt behind? ClearOne can help answer those questions for you. 

Here are some of the most significant and obvious reasons for you to find a debt resolution strategy that suits your needs. 

Debt Resolution Improves Your Financial Standing and Security 

Debt represents an acute threat to your financial security. Consumer debt is expensive, and to finance it, you have to siphon money away from your savings, emergency fund, retirement fund, your kids’ college funds, etc. 

Being indebted means being a slave to your debt. You will have nothing to show for the money you spend on your credit card debt. 

Credit Card Debt Relief Rids Your Life of Unnecessary Stress 

Whether you admit it or not, debt is a constant source of stress in your life. The knowledge that you do not own your house or car, or the pressure to keep up with your minimum payments to keep your head above water exerts a heavy psychological and physical toll. 

If you find the right credit card debt relief option and break free of the debt trap, you will eliminate this nagging stress from your life, freeing up mental and psychological resources to use your energies in more productive ways. 

Have Extra Income

If you get rid of debt, the money you used to finance it is suddenly all yours to do with as you please. You can invest it to build wealth, contribute it to a retirement account, use it to help out a family member, and more. Your financial opportunities multiply, and your financial horizon widens. 

You have to pay fewer bills, have fewer headaches, and no long-term obligations to cloud your future. 

Improve Your Credit Score  

With no debt holding you back, you can make your payments in full and on time, improving your credit history and credit utilization ratio. With a stellar credit score, you gain access to cheaper and better financial products. 

Own Your Assets and Your Life 

With your most toxic and expensive debts out of the way, you can focus on resolving your secured debts and claiming full ownership of your essential assets. Paying off your house and your car will leave more of your income in your hands, further expanding your financial options. 

Wheat field

With more money at your disposal, you can focus on increasing your future earnings and attaining true financial freedom

Gain Control over Your Finances 

As long as you are in debt, your creditors control your finances. They can put pressure on you, modify interest rates and terms, and decide when they want you to make your payments. 

Once you’re debt-free, no one but you can make financial decisions impacting your bottom line. 

Retire Earlier 

With your future well-financed and your savings swelling, you can think about spending more quality time with your loved ones. Early retirement allows you to strengthen your relationships and family bonds while enjoying healthy self-esteem. 

Debt settlement is one of the most affordable debt resolution strategies because it saves you money on your principal amount owed. If you want to know exactly how much you can save through debt settlement, contact a ClearOne Certified Debt Specialist at 866-481-1597 and get a free savings estimate today.


The information provided is for informational purposes only and is not intended to provide legal or financial advice. ClearOne Advantage is not a lender, credit repair or consumer credit counseling company ClearOne Advantage doesn’t provide lending or credit advice. Please consult a certified financial advisor for individual credit and lending advice.

Topics: Debt Consolidation