6 Steps to Freedom From Debt

Choose between debt elimination and debt management

Your credit counselor might discuss with you two possible approaches: a debt elimination plan or a debt management plan.

The goals under both these approaches might be similar, but their feasibility will depend on your actual financial situation. For instance, you might be in a position to eliminate certain debts, while sustain and manage the others, or it may be best for you to work towards becoming totally debt free.