Praying the novena for financial help is just one of the many ways you can look at achieving relief and abundance during these dark times. If you are experiencing these strenuous times right now, recite any of these great novena prayers for financial help to receive a blessing of relief.
Prayer #1
O Lord, I need You to be with me in the midst of the mountainous bills that seem to come every day. I feel drained and frightened and I just don’t feel that I can take any more.
I want to be responsible with my money but less seems to be coming in than going out and I am turning to You Lord , and casting all my burdens on You, for I have come to the very end of myself.
Lord I ask that You look down on our home with pity and send relief in a way that only You can. Help each member of the family to find the work that will provide for the finances that we need- and let not my heart be troubled, O my God, I believe in You and I know that You are my Rock in time of trouble and in the name of Jesus I ask that You give me Your strength in the midst of my financial difficulties – for I KNOW that Your grace is sufficient,
Amen
Prayer #2
Loving Lord You and You alone are the source of my supply and I come to You today. Please Lord, hear my prayer and help me address the money worries that I am currently facing.
Equip me Lord to put bread on the table and feed my children and I ask that You give me the strength and skill to find work so that we do not lose our home or belongings,
Thank You
Amen
Prayer #3
Dear God, help me I pray to meet all the bills that I have to pay – my rent and household bills just seem to spiral up and I have nothing more.. I feel at times that my purse has holes in it as prices seem to get higher and higher and I ask that You Lord would help and support me as I face this most difficult time in my life.
Lord – You have promised to be with us in all the problems of life and I pray that You will guide me and give me wisdom as I face this fraught financial time. Provide for all our needs, dear God as You have promised, and keep me Lord from worry – but rather help me to rest my trust in You, Thank You Lord for listening..
Amen
Prayer #4
Heavenly Father I come to You because I am facing some money problems and yet I know that more money is not the answer to the difficulties that I face, but a closer walk with You.
Forgive me Lord, for I think that I have spent too much time worrying about my finances and what I am going to do and how I am going to manage – as prices climb higher each day, without giving serious consideration that I should seek You first and Your righteousness, knowing that all these things will be added unto me.
Help me Father, to get my financial worries in the right perspective and to fix my eyes upon Jesus, knowing that You know everything we need before we even ask You. Please draw me back into right relationship with Yourself – for I am trusting in You,
Amen
Prayer #5
Dear Lord Jesus, I feel that I have got to the end of the road as I have gone through all my savings and I am facing mounting debt. There is no one to turn to but You – but I know that You are the God of the impossible and I ask that You will take me by the hand and lead me through the dark days that I am facing.
Lord, You know the dire situation my family and I are in and I know that You have all the answers and You have all the provision as well. Bless me I pray with financial blessings that only You can provide. Open the heavens I pray and give us blessings from Your generous store-house, so that we may thrive and live to praise You.
You have always provided for my needs in the past and I am coming to You today to ask for your help and blessing Lord – to bless us with Your bountiful supply and ease, the pain in my heart that I feel today,
Amen
Prayer #6
Dear Lord Jesus, please help me to manage my financial affairs wisely –please give me wisdom in managing all my money matters and I pray that I will not fritter my money away on unimportant expenditures.
Help me to budget my finances each day wisely and I pray that You will supply me with all my needs according to Your kindness and grace.
Bless all those who are facing even harder financial times than I am facing and Lord, I pray that You will provide for all our needs in Jesus name,
Amen
Prayer #7
Loving Lord, the times in which we live are getting increasingly difficult and I have many expenses that are building up and I don’t know which way to turn – there is nothing I can do to help myself and want to place all my financial affairs and money concerns into Your hand.
Lord You have been my Provider over the many years for which I praise and thank You , but now I am facing some severe debt that is building up and I ask that You replace my anxious thought with Your precious peace – for You have said that You will keep the one whose mind is stayed on You in perfect peace. Lord You have told us to cast all our burdens upon You for You care for us – today Lord I come and give You all my financial problems and ask that You show me what to do.. for I don’t know what to do – but my help is in YOU alone, in Jesus name I pray,
Amen
Prayer #8
O Lord, I confess that I have been unwise in so many of the financial decisions that I have made, which has caused me to get into debt. I have made many foolish mistakes, which have caused me to accumulate many bills which I am unable to meet. I have used credit unwisely and am accruing more interest due to my thoughtless actions.
I ask You Lord to forgive my foolishness in building up such a mountain of debt and to enable me to correct this enormous financial burden, which I confess is of my own doing and through my poor planning and inept financial skills.
I come to You Lord in my poverty and ask that You would guide me through this difficulty and teach me to be more responsible both with my finances and my relationship with You – which I have neglected for so long.
Lord I ask for Your help as I can do nothing without You and I thank You that You have heard my cry,
Amen
Prayer #9
Dear Lord and heavenly Father, I do thank You for the way that You have supplied for all my needs throughout my life, according to Your promises. Thank You for the generous provision I have received from You on so many occasions, when no help was forthcoming.
I come to You today asking You to undertake for the financial needs I am facing today. I know that there are many people who are in a similar position to me who are facing increasing costs in their lives too, and I pray that You look down in pity on all Your children in need.
It says in the Bible that we do not have because we do not ask – I am humbly asking Father that You visit the lives of every child of God that is facing a shortage of money or some financial hardship and ask that You would be our great Provider – as You have promised, This I pray in Jesus, precious name,
Amen
Prayer #10
Dear Lord Jesus I come before You and asking that You would give me the finances I need to meet the demands of life. I continue to trust You for all my needs and thank You for the way that You have provided for me in the past.
Lord, I do not seek after wealth and riches but sufficient to meet the demands of the day and to keep me from foolish worry. Give me I pray that means to work so that I may provide for the needs of my dear family – and I will give you all the praise and glory for all Your goodness to all Your children,
Amen
Prayer #11
Dear God I know that it says in the Bible that You are the One Who makes us rich and poor – and that You exalt and You bring low, I pray that You will provide enough for me to live decently and help me to be wise with the money that I do have. Help me to become a good steward of the resources that You have given to me.
I know that it is better to trust in Your supply than that of the government or my pay package – help me to apply this truth in my own life and I trust You Lord,
Amen
Prayer #12
Lord, you are the source of all my sustenance. I pray that you hear my prayer and guide me in your infinite wisdom. My spirit is full, but my wallet is empty! I need your help. My finances are in crisis, and are causing me great pain.
Please uplift my heart so that I may appreciate all that I do have so that I may also be blessed with more prosperity. Money issues bring me down, and I forget to thank You for all that I do have thanks to Your blessings. Please remind me of Your abundance, so that my money will Once again flow in to me, and sustain me as much as Your loving care.
Prayer #13
Dear God, my struggles with money are bringing me down. I am in dire need for myself and my family. I know that You have all answers, and You always hear me. Please shine your infinite light into my life, Bless me with abundance so that my family may thrive.
I thank You for all You have done for me to date And I pray You will always remind me when I forget That my spirit and soul always dwell in Your good graces. Thank You oh Lord, for blessing me with material comfort So that I am reminded of the bountiful fruits of Your deeds.
Prayer #14
God, help us straighten out our financial problems. We haven’t been good stewards of our money. Give us a new attitude and a new commitment to managing our finances wisely and responsibly. If our problems are beyond our repair, help us find a way, Your way, to meet our obligations. We place this need before You, knowing that You will guide us to a good solution. Amen.
Here is one powerful prayer for abundance that is perfect to recite during your time of meditation. This prayer is focused on emphasizing the power, trust, and surrender to the Lord.
About the Author of this Blog Post Crystal Ayres has served as our editor-in-chief for the last five years. She is a proud veteran, wife and mother. The goal of ConnectUs is to publish compelling content that addresses some of the biggest issues the world faces. If you would like to reach out to contact Crystal, then go here to
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National Debt Relief is proud to be reviewed and ranked as a Top Provider by these independent review websites. National Debt Relief does not compensate these providers to apply their objective criteria to our company and rank us compared to our peers. We do, however, advertise on their websites because we are proud of our independent rankings. We have confirmed that each independent review is subject to its own criteria and not influenced by our advertising.
Debt is hard to ignore. When you’re staring down a ballooning credit card balance and fending off insistent phone calls from angry creditors, it can be an all-consuming enemy. You can’t simply wish, smile or shrug it away.
What would you give to be free of the worry that comes with long-term debt?
When you enroll in our proven debt consolidation program, you may have to give less than you think. Nothing’s free, of course, and our program does take some time and commitment to complete. We can’t promise that you can enroll with us today and be debt free tomorrow.
However, we can promise to do everything in our power to significantly reduce your existing burden of unsecured debts. We work tirelessly on behalf of every client who qualifies for our program, and the results that we’ve achieved speak for themselves.
We are National Debt Relief a BBB-accredited, New York-based business with a host of awards and accolades. We specialize in reducing the balances on credit card debts, medical bills, repossessions, certain business debts and other unsecured obligations. We also work to ensure that your creditors don’t harass you at your home or place of business.
We’ll talk more about what we do – and what we’ve done to become a leader in our industry – in a moment. First, let’s take a closer look at the nature of debt and some common options for fighting it.
Rising Prices, Falling Wages
These days, American consumers are struggling just to keep pace with rising prices for basic staples. No matter what the news tells you, regular folks are beset by falling wages, shrinking 401(k)s and an apparent lack of economic opportunity.
For many consumers, debt – from credit card bills and hospital financing to personal credit lines and business loans – offers an apparent escape from day-to-day financial pressures.
Not all forms of credit are actively bad, and many folks are able to use debt as a responsible means of augmenting their purchasing power. When you’re dealing with a million competing priorities, however, it can be tough to keep your finances straight. If your expenses are rising faster than your income, you can only keep up this dance for so long.
Recognizing that you need to do something about your debts is an important first step on your road back to solvency. Whether your credit problems have become a pressing emergency or you’re merely looking to shore up your finances before its too late, you have several plausible options at your disposal.
Thinking About Squeaking By on the Minimum Payment Plan? Think Again.
When it comes to paying off credit card debt, many consumers take the path of least resistance: the so-called “minimum payment plan.” By law, credit card issuers are required to set a minimum monthly payment amount for each cardholder. These payments are calculated on the basis of the cardholder’s total balance, interest rate and certain other factors.
Minimum monthly payments can be shockingly low. If you’re carrying a balance of $10,000 on a single credit card, your monthly payment could be just $200 per month. Depending on your income, that could be perfectly manageable for you and your family.
Of course, credit card companies want something in return for your trouble, and they get it in the form of sky-high interest rates.
Here’s an example:
If you make the minimum payment on a $10,000 balance with an 18 percent interest rate, it’ll take 46 years to pay off your balance and cost you an extra $28,000 in interest payments. With an interest rate of 21 percent, the same balance will take 87 years to pay off and accrue more than $64,000 in additional interest charges.
Worse, these figures only apply to folks who stop using their credit cards. If you keep making charges, you’ll find yourself even deeper in the hole.
Happily, consumer protection laws now require credit card issuers to disclose the precise length of time that the “minimum payment plan” takes to work for each customer. When you get your next credit card bill, look for the box that says something like “If you make only the minimum payment on this balance, you will pay a total of ‘X’ dollars and take ‘Y’ years to pay off your balance.”
Those ‘X’ and ‘Y’ values might just shock you.
Looking for a Debt Consolidation Loan? Look Harder.
Debt consolidation loans are a well-known, well-advertised option for consumers who struggle with debt. These credit facilities exist for the express purpose of paying off outstanding unsecured debts and do their job quite well. When you take out a debt consolidation loan, your lender immediately pays off your existing creditors and starts billing you for the balance.
A debt consolidation loan works like any other unsecured debt. As long as you make your payments in full and on time, you’ll eventually pay off the loan. For consumers with good credit and sizable debts, this may be an attractive option.
There’s a catch. While debt consolidation lenders are happy to lend to low-risk consumers at market rates, they’re loath to work with people who have poor or mediocre credit. In fact, most banks won’t offer a debt consolidation loan with bad credit.
This isn’t good news for the millions of American consumers who struggle with mounting debts and less-than-perfect credit scores. Since carrying long-term debts increases your chances of missing a payment, running up excessive balances or damaging your credit in either ways, debt consolidation lenders don’t have a very big pool of potential applicants at their disposal. Unless you’ve been fortunate enough to maintain a stellar credit score during your debt struggles, you might have to look elsewhere for help.
Mulling Bankruptcy? Mull the Consequences.
Declaring bankruptcy is advisable only as a last resort. While Chapter 13 bankruptcy can dramatically reduce your unsecured debt load, it can have plenty of undesirable consequences. Meanwhile, declaring Chapter 7 bankruptcy may mean saying goodbye to most of the assets that you’ve accumulated over the course of your life.
We have plenty of literature about the bankruptcy process on this site, so we won’t go into all the details here.
It’s important to remember, however, that bankruptcy is a very public matter. Once you begin the process, it’ll be a long time before you can hide the fact that it happened.
Declaring bankruptcy results in an immediate hit to your credit score. As you work through the process, you run the risk of losing important assets like your car, home, family heirlooms and more.
Over time, bankruptcy might come back to bite you in unexpected ways. If your employer requires you to carry a security clearance, there’s a chance that it could be rescinded. If you’re applying for a mortgage or rental property, your brush with insolvency could disqualify you from consideration. Depending on your area of expertise, you might even find it difficult to find or keep a job.
National Debt Relief: Debt Consolidation with a Difference
We offer a positive alternative to these debt reduction options: debt settlement.
Unlike credit card companies that offer the “minimum payment plan,” we’re not interested in bleeding you for every last penny. Unlike debt consolidation lenders, we don’t only deal with folks who have great credit. Compared to bankruptcy, our program has a manageable effect on your credit score and won’t cause long-lasting secondary problems.
Our debt settlement plans are available to anyone who qualifies. When you come on-board, you’ll be connected with an experienced team of debt reduction professionals who negotiate directly with each of your creditors.
We deal with these credit card companies, hospitals, banks and other creditors so that you don’t have to. During the entire process, you’ll be protected from harassing phone calls, insistent emails, in-person visits and other high-pressure tactics that creditors and collections agencies use to force payment.
The ultimate goal of these negotiations is a single, lump-sum payment that eliminates all included debts once and for all. Unlike other forms of managed debt reduction, most of our debt settlement cases can be settled in 24 to 48 months.
To help you save up for your eventual payoff, we offer an FDIC-insured trust account into which you may make monthly deposits. While no case is typical, we’ve consistently reduced our customers’ total debt loads by as much as 50 percent.
What Does Our Program Cover?
Our debt settlement program covers the vast majority of unsecured debts and some secured debts as well. Many of our clients carry significant credit card balances, and we’re particularly adept at negotiating with major credit card issuers and banks. We’re also able to settle:
We’re also able to settle:
- Credit Cards
- Personal Loans and Lines of Credit
- Medical Bills
- Collections and Repossessions
- Business Debts
- Certain Student Debts
We’re not able to settle:
- Lawsuits
- IRS Debt and Back Taxes
- Utility Bills
- Auto Loans, Government Loans
- Mortgage or Home Loans
- Other Secured Debts
If you qualify, we may be able to lower your monthly credit card payments by a significant margin all the while getting you out of debt in approximately 24-48 months. We work hard to reduce your debt as quickly as possible.
Over time, the debt reductions that we’re able to secure could enable you to begin building up a store of savings or adding to your existing retirement account. For many past clients, our program was a turning point: Before enrolling, they lived paycheck to paycheck and could still barely afford to make ends meet. After successfully completing our debt settlement plan, they finally had the means to prepare and save for the future. It’s the least we can do to help.
What does National Debt Relief Cost?
Of course, one of the most common questions you will have is what is National Debt Relief’s fee? You want to know how much you have to pay for a company to negotiate your debts for you and get a creditor to forgive a significant portion of your debt.
First of all, National Debt Relief does not charge any upfront fees. There are no fees to get started. Then, NDR does not receive any fees unless your debt is settled. You read that correctly, we do not receive any payment unless we can successfully settle with your creditors and get your debt reduced.
Having said that, the fees for our services vary by state and the amount of your debt. The fee varies between 18-25% of your enrolled debt. Compared to the $1000s in interest you will pay on your credit cards while you struggle to pay them off, you can see that this fee is quite reasonable. Especially when you take into account the fact that you can become debt free in 24-48 months with our debt consolidation program.
National Debt Relief Awards, Recognition and Accreditation
At National Debt Relief, we think our results speak for themselves. Of course, we’re not shy about accepting recognition when it’s due. Here are just a few of the awards we’ve received from trusted authorities in the field.
- Top Ten Reviews’ 2018 Gold Award for Best Overall Debt Relief Company
- Top Consumer Reviews’ Five-Star Rating for 2018
- Top Consumer Reviews’ Best Overall Debt Relief Company
- ‘A+’ Rating from the Better Business Bureau
- U.S. Chamber of Commerce Member
- International Association of Professional Debt Arbitrators Platinum Member
- American Fair Credit Council Accredited Member
We’re also proud of what we can accomplish for individual consumers. Just look at what we were able to do for this young lady:
“The staff was understanding, not judging, and helped guide me through my options of becoming debt free. They helped me to understand my position and seek a remedy that would be long-lasting. I would recommend National Debt Relief to anyone who wants to take control of their financial situation.“
– Chelsey H. (Trust Pilot Review)
No debt problems are too big for our debt settlement experts. We were able to help this customer escape from a seemingly endless spiral of debt and regret:
“I have been completely satisfied with my decision to contact National Debt Relief. I felt like there was no end to the tunnel of debt, but every representative I spoke to has been so great and understanding. I’m moving in the right direction now and am glad I made this choice. Thank you to all those at National Debt Relief for helping me.”
– Brianne M. (Trust Pilot Review)
Proven Results
You don’t have to take our awards, accreditations or clients’ words at face value. We’re immensely proud of our results as well. Take a look at some debt settlement letters. Check out these “Proven Results” for a look at what we’ve been able to accomplish for consumers just like you. Here’s a small sampling of our achievements:
- Reducing a Bank of America credit card debt from more than $15,000 to about $3,000
- Slashing a Citi credit card debt from $22,500 to less than $8,000
- Lowering a Discover credit card balance from nearly $11,000 to just $2,000
Remember, no case is typical. Many factors will influence the size of your final settlement.
That said, your success is our success. Since we don’t charge monthly maintenance or setup fees, we only make money when we successfully reduce our clients’ total debt loads.
Without a proven track record of success, we simply wouldn’t be in business. In fact, National Debt Relief only enrolls clients who have a strong chance of benefiting from our debt settlement program. We predicate our reputation on our ability to help consumers move past their debts and begin rebuilding their financial lives – not on our ability to enroll as many clients as possible or charge unnecessary fees.
Qualification Standards
If we don’t accept every single potential client who passes through our doors, what exactly do we look for?
For starters, we agree to work with clients who have at least $7,500 in qualifying debts. Remember, the vast majority of unsecured debts, including credit card bills, qualify for debt settlement. Most secured debts, including auto loans and mortgages, don’t qualify.
If you have less than $7,500 in qualifying debts or are facing a debt load that’s largely made up of secured debts, we’ll happily refer you to an organization that can help.
While we generally can’t settle student loans, there may be exceptions. If you’re dealing with significant student loan debts, we invite you to call us for a one-on-one evaluation with a debt settlement expert.
Our clients come from all walks of life and face all manner of debt-related situations, but many face similar challenges.
If you’ve already fallen behind on your monthly payments or can no longer afford your minimum payments, we want to talk to you. If can’t see any way to improve your financial situation without taking a drastic step like declaring bankruptcy, we may be able to help. What’s more, we have years of experience with clients who face exacerbating circumstances like divorce, death in the family, unemployment, long-term medical issues and other problems.
National Debt Relief We’re Here For You
No matter what’s going on in your financial life, National Debt Relief is here to help. We’re not interested in giving you the hard sell or steering you into a program that you don’t want or need.
Please take some time to look through our site and learn more about what we do, where we’ve been and where we’re going. You’ll hear from many satisfied customers and learn more than you ever thought possible about credit card debt, personal finance and the debt consolidation process itself.
If our proven debt relief program seems like a good fit, give us a call at 800-300-9550 during extended business hours or fill out the free, no-obligation debt relief quote form on this page. Our seasoned debt relief specialists look forward to speaking with you.
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www.nationaldebtrelief.com
People who are having financial troubles due to mounting debt can only recover if they make a firm decision to take action. This decisions should be partnered with determination to ensure that they will complete whatever debt relief option they set out to do.
Achieving financial freedom is not a one way path. There are various options available for the average debtor and each of them has their own pros and cons. When you get the help of a financial expert or a credit counselor, they will tell you of the best option that is not only agreeable to you but also acceptable to your creditor.
While a particular option seems like the best option that will provide you with the best savings, you have to consider that it is your creditor who will be losing money out of any option.
To help you decide, here are the 5 different debt relief options that you can consider to attain the ultimate financial freedom.
Choosing the Best Debt Relief Option
There are 5 primary options for debt relief. You may read about others but all of them will fall under one of these 5. These are developed through the combined efforts of the federal government, lending institutions, non profit organizations, individual debtors and credit card companies. Any of these will lead you to a debt free life but they have various effects on your finances, credit report and history. You need to approach each one with caution and careful analysis.
Before we go through them, you need to consider carefully the need for professional help. One or two of these options will require the help of a debt relief expert. But for those that does not have that need, you may want to get at least a financial adviser. There are several non-profit organizations that are duly endorsed by the federal government. They have a roster of financial experts and credit counselors that you may want to talk to. This is needed to address the root cause of your debt problems, which is poor financial management and bad spending habits.
All these options should begin with a budget plan. This can be done for you by a financial expert or you can do this on your own. It involves taking your income, total debt, monthly minimum payments and basic necessity expenses. The aim for a budget plan is to take away the basic necessity expenses from your income to determine the amount that you can afford to use to pay off your debts. Let us refer to this amount as your debt payment fund.
5 Primary Options for Debt Relief
Now that we have covered that, let us discuss the 5 debt relief options that is available for you.
Paying the Monthly Balance
The first of the 5 debt relief option is the most obvious and less complicated. It involves a disciplined way of paying off your debt on a monthly basis. The goal here is to pay off at least the minimum payment requirement. But to succeed in this, you have to aim for paying more than that amount. Otherwise, it will take you a really long time to finish.
The great thing about this option is you will not be burdened by late payment fees and high interest rates. And if you maintain the habit of paying on time, your credit score will not be hit. Although, it will take you a really long time to finish paying your debts, unless you can pay off more than the minimum.
To be able to increase your ability to pay, you may want to consult your budget plan and see if your debt payment fund is enough to cover your minimum payment requirements. If it is more than that, consider paying off the high interest rate debts with a higher amount than the minimum. However, if the amount is not enough to cover that, look into your expenses and see where you can save further. If it is not working, you can proceed to option number two.
Debt Settlement
The next option that has become increasingly popular is the debt settlement method. This involves the help of a debt settlement agency or a debt relief company. The idea is they will negotiate on your behalf so the creditor will agree to a lower outstanding amount that you have to pay. This is usually a certain percentage of your original balance. When you have paid that off and you do so diligently, the rest of the debt will be forgiven.
The process will begin with an analysis of your financial capabilities. Once the negotiator has an idea of how much you can afford to pay, you will be asked to deposit payments in an insured financial institution. You will stop paying the creditor while doing this. When the creditor realizes that you have stopped paying and sues you in court, the negotiator will step in with a proposal for a debt settlement.
While you are involved in a debt settlement agreement, expect that your credit report will be affected negatively. But it will soon pick up after you have settled your debts.
The key to succeeding in this the hiring the best negotiator to be your champion. While you can do this yourself, the expertise and negotiating skills of a debt relief expert will go a long way to achieve more than what you can. Besides, if you choose a company that has been working long in this industry, you may benefit from the working relationship that they have with the creditors and collection agencies. It will increase your chances of getting a favorable debt settlement.
A legitimate debt relief company will not represent debtors who only wish to swindle credit companies by pretending they are unable to pay for the whole outstanding balance. So you need to be really unable to pay off the minimum payment – otherwise you may find it hard to get a respected debt settlement company to help you.
Debt Consolidation Loans
Another option for debt relief is debt consolidation. This involves putting all your debts in one loan so you only pay for one. The aim here is to remove the high interest debts and maintaining only one payment every month. The most popular kind of debt consolidation loan is the home equity loan. This means you will be putting your home on the line.
The benefit of this debt relief option is easy management of debts because you only focus on one payment. You should only opt for this if the monthly payments are lower than the total of the first option that was discussed earlier. Otherwise, you will just be fooling yourself with this option. Another consideration is your credit score. This will also have a negative effect on your credit report. But it will soon pick up after you have settled your debts and have diligently paid for them on time.
It is also important to keep yourself in line because again, your home is at stake in case you are unable to pay for your debt. Stick to your budget plan and the payment terms of the new loan that you will take out.
Debt Management
The fourth debt relief option is known as debt management or credit counseling. This involves enrolling in a program that will provide you with debt counseling. It works the same way as a debt settlement but the funds will be handled by the debt management company. They will consolidate your debt and pay off your creditors for you – getting the payments from the account that you will be funding of course. They will also help you lower the interest rate, monthly payments and the outstanding balance by negotiating with your creditors. This will also affect your credit report so do not be surprised if you find your score lower than before.
The difference from the debt settlement company is they will provide you with counseling services too. They will help take out the root of the problem – your bad spending habits.
Bankruptcy
The last and least desired option by debtors and even financial experts and creditors is bankruptcy. This is when you are declared completely unable to pay your debts. A bankruptcy court is involved here and your assets are in danger of being taken from you by your creditors. Even that is not assurance that your assets will be able to pay your creditors in full.
This option will have a very drastic effect on your credit report, score and history. In the event that you will need financial aid, your chances of getting one is very slim.
Also, it is not a guarantee that you will not pay off your creditors. The bankruptcy judge will rule if you are qualified for a Chapter 7 or Chapter 13. Chapter 7 means you will be forgiven of the whole debt while Chapter 13 involves payment for a percentage of the debt.
NationalDebtRelief.com is a debt relief company that serves people who are deep in debt and seeking for financial freedom. Give us a call, chat with us or fill out the form on this page. We will be very happy to help you with your debt troubles.
www.nationaldebtrelief.com
A mother and father were trying to talk their daughter out of going to a particular social gathering, which was going to place her in a situation that was bad for her. They tried to reason with her, but she is by nature a stubborn person and did not listen. Later in the day the mother made one Mother Theresa Emergency Novena to ask Our Lady to change her daughter’s mind. She also gave a donation to a charity on behalf of the Holy Souls in Purgatory and asked them to obtain this important favour. The daughter was determined to go to the party and even started dressing for it and putting on her makeup. When the parents saw that, they felt depressed. The mother thought that her prayers had not been answered. The father asked the mother to go and talk to the daughter again. The daughter informed her. “I am not going”. She decided to go to the Saturday night Vigil Mass instead. It was amazing. The parents were so relieved.
(The Mother Teresa Emergency novena consists of saying nine Memorares in a row.) It is the novena which was made famous by Blessed Teresa of Calcutta who used it when praying for favours.
This is the Memorare prayer:
Remember O most loving Virgin Mary that never was it known in any age that anyone who fled to your protection, implored your help or sought your intercession was left unaided, inspired by this confidence, therefore I fly to thee O Virgin of Virgins my Mother, to you do I come, before you I stand sinful and sorrowful, do not O Mother of the Word Incarnate despise my prayers but in thy mercy graciously hear and answer them. Amen.
A few suggestions
Life is full of situations that need help immediately, not in a week’s time. If a mortgage is going to be foreclosed at lunchtime today, because you can’t pay it, a nine day novena or even an eight hour novena is not quiet the way to go!
Think of this emergency novena as being like an express train. It is 10.30 a.m. and you have an appointment in the city at 11 a.m. so you catch the express train that speeds pass many stations, not the slow train that stops and picks up passengers at every station! Imagine also that you leave at petition station and arrive at miracle station! I like to see a picture of Mother Teresa on the outside of the train, with the words: The Mother Teresa Express novena on it. It helps to use your God given imagination when praying.
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