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Debt Relief:Proposal: Difference between revisions

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==Background==
==Background==


For something as serious as debt, Americans, in general, do not give much thought to what it really means to spend money you don’t have. Sure, paying cash for some essentials, such as a home, a car, or college is most of the time just not feasible, thus, getting a loan may be justified. Nevertheless, there are ways of approaching the process without later regretting it. Joe Smith is a perfect example of what it is to fall into the trap of debt. During college, Joe thought he had no choice as to where to get money for expenses, so he could only think of credit cards as his only answer. After finishing his education, he found out that he needed certain things- an expensive new car, a new house, and so forth. Now, Joe realizes that his paychecks can only stretch so far and that frankly, he needs assistance on what he can do next. From the time that Joe thought about getting his hands on spending money through the time he is already deep into dept, this report may be a tool for helping the thousands of Joes out there. Getting out of debt requires an understanding of debt, as well as, simple applications that can help in the process.
Americans give little consideration to the consequences of overspending. Being in debt is serious and there is help for those who need it. Loans are justifiable in many instances, but the funds to repay those loans must be available.  
Joe Smith, for example, has fallen into the ''debt trap''. Although Joe is already obligated to repay $60,000.00 in student loans, he had daily living expenses and owes approximately $13,000.00in unsecured debt.  Joe completed his education and is employed, but now finds that he cannot fulfill his obligation to repay the money he has borrowed on his $40,000.00 annual income.   Joe is employed and he has to pay his bills or his creditors may refer his accounts to a [collection agency].  Collection agencies sue and  garnish paychecks to get the money owed. Although Joe is way over his head in debt, he wants more. He wants a new (expensive) car and a house. Joe realizes that his paychecks can only stretch so far and that he needs help to manage his debt. Getting out of debt requires an understanding of debt, as well as, simple applications that can help in the process.


==Proposal==   
==Proposal==   
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