In this show I talk with Dr. Louis Hyman, a consumer credit historian. We talk about the history of debt relief. He points out that the process of intervening in the debt of consumer began way back after World War I with the advent of new consumer debt opportunities. It does not matter if it […] The post The History of Getting Out of Debt This Week on the Get Out of Debt Guy Show appeared first on Get Out of Debt Guy - Steve Rhode.

The History of Getting Out of Debt This Week on the Get Out of Debt Guy Show

Credit, debt, and money answers from the Get Out of Debt Guy, Steve Rhode. If you want to know the latest news from inside the debt relief industry or have a question about getting out of debt, this is the show for you.

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Ready to take control of your finances and eliminate debt for good? Dive into the latest episode of "The Get Out of Debt Guy Show" titled "Debt Busters: Proven Strategies to Obliterate Your Debt." Hosted by financial experts Steve Rhode and Damon Day, this episode is packed with actionable advice and real-world strategies to help you conquer your debt.

 Expert Insights: Steve and Damon draw on their extensive experience in financial counseling to share tried-and-true methods for debt elimination.
 Real-Life Examples: Learn from the success stories of individuals who have effectively used these strategies to achieve financial freedom.
  Actionable Tips: The episode is filled with practical tips that you can start implementing immediately to tackle your debt.



Debt Busters: Proven Strategies to Obliterate Your Debt

Today Damon Day and Steve Rhode talk about the fincial pressures created by inflation and the consequences to your financial health and future.
It is a surprising subject with a lot of layers.

Inflation Sucks. But Here is What You Need to Know About It.

Damon Day and Steve Rhode explore the myths and misperceptions about the charitable non-profit credit counseling industry.
We are not suggesting you should avoid credit counseling but to better understand how this works to make better decisions about what is right for you or the people you care about.

Break Free from Myths: The Truth About Credit Counseling!

In this episode, we discussed the importance of credit scores and how individuals often make emotional decisions based on fears surrounding their credit scores. We stressed the need to step back and analyze the practical aspects of credit scores, especially when faced with significant debt. We highlighted the misconception that a good credit score reflects intelligence in managing personal finances, emphasizing that lenders primarily use credit scores for risk assessment.
The conversation delved into scenarios where preserving a high credit score may not align with financial priorities, such as paying off high-interest debt. We explored the nuances of different debt management options, such as bankruptcy, debt settlement, and credit counseling, debunking common myths and biases associated with each. The speakers shared anecdotes and experiences to illustrate how individuals can navigate financial challenges effectively without solely focusing on their credit scores.
Furthermore, we discussed the importance of evaluating the monetary value of a good credit score in relation to one's financial goals and current circumstances. We encouraged listeners to seek independent financial advice and consider all available options tailored to their unique situations. The speakers emphasized the need to make informed decisions free from preconceived notions and societal pressures surrounding credit scores.
Ultimately, the episode served as a reminder to approach financial decisions with logical reasoning, weighing the potential benefits of actions that may affect credit scores against the immediate financial relief they could provide. By looking beyond the emotional attachment to credit scores and considering the broader financial implications, individuals can make sound financial choices that align with their priorities and long-term goals.

You Really Need to Know This About Credit Scores

In this episode of our show, we delve into the crucial topic of self-care and stress management. We uncover the detrimental effects of stress on our physical and mental well-being and our finances. 
Finding effective ways to cope with stress and prioritize self-care is crucial for leading a healthy and balanced life. Our conversation highlights various activities that can help alleviate stress, including exercise, meditation, and spending quality time with loved ones. 
Additionally, we underscore the significance of seeking professional help and acknowledge the correlation between self-care and making sound financial decisions. 
Ultimately, our discussion culminates with a powerful reminder for listeners to prioritize their overall well-being by actively managing stress.
You can contact Damon at https://damonday.com
Link to CFPB story we talk about: https://getoutofdebt.org/171657/strategic-financial-solutions-and-ryan-sasson-stumble-and-get-pounded#more-171657

The History of Getting Out of Debt This Week on the Get Out of Debt Guy Show

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