Recent studies have found that 80% of Americans have debts to pay. In a similarly horrifying way, 78% of Americans live paycheck to paycheck. This combination of factors is pretty brutal and has left many citizens of this country suffering under financial stress, and a cycle that cannot be broken. Debt can cause both physical and mental health issues, as it takes its toll on every aspect of your life. If you are in debt, one comfort you can take from these statistics is that you are far from alone. There are solutions to be found for your financial problems.

So how can debt be solved? Paying your debt is, of course, easier said than done – otherwise everyone would have found their solutions already. Depending on the kind of debt you have incurred, your income and the urgency of your debt payments, here are a few solutions for solving your debt problems.

1. Seek Professional Financial Advice

The number one reason those in debt don’t seek financial guidance is because this costs money. You might think, ‘Why would I spend more money on ending my debt, when I’m already in debt?’ However, this is a counterintuitive mindset. Think of your financial guidance as an investment – you have to spend money to make it. A financial advisor can look at your financial situation and provide years of experience to shed light on your situation. They can provide you actionable steps to take. No, a financial advisor will not snap their fingers and alleviate your debt, but they will practically and professionally help you find your way to debt freedom.

2. Having Your Debt Canceled

This sounds crazy, but it happens more often than you would think. If you have been loaned money by a loan shark or a similarly shady source under false premises, legally, you may not be entitled to pay. This is a muddy area of legality, and is best actioned by a legal professional who specializes in finance law. If you feel you have unlawfully been charged or your interest is too high, having your debt canceled is a possibility.

If you want to look further into debt cancellation possibilities, you can get out of debt with DTSS. It is not always a guarantee, but with professional services and well-reviewed services, the Debt To Success System may be able to help your finances and change your life forever.

3. Debt Prevention

To prevent yourself from incurring further debt, there are definitive steps you can take. Simplifying your life and prioritizing your finances over a lavish lifestyle is an essential step to preventing further debt from plaguing your life and drenching you in stress. Furthermore, steer clear from making commitments which will land you in further financial problems. Surround yourself with people who are responsible and take their finances seriously, and you will find yourself taking more responsibility for yourself, too.