Americans today seem to have more debt than ever earlier. An average American family has an $8000 debt. This, economic experts think, is due to the recognized habit of spending whatever earned, which is unhealthy in the long run. Getting into debt is so easy but getting out of it can be a killer. Credit cards are very tempting and the mere factor can mislead us and make our debts worse by the day. When you think of it, we live in a house that we dream to have to our name oneday; we drive cars we can t afford; we stock our houses with all the latest appliances that are not even essentials. This is all a result of the lack of understanding in economic management. Nevertheless at one point of our lives, I m sure we d all realize the depth of debt and regret. But the good news is that, if at any level your debt becomes deep, you can go in for free debt consolidation rather than declaring bankruptcy.

So whats the process and methods to get debt free? Following are some tips for people who ask the same question. But consider me, rather than trying to get debt free when you are at the brink of bankruptcy, you can (as a matter of fact, you should) plan your funds. If you do that knowledgably, you wouldn t be spending minutes popped up in front of that flat screen TV (which you couldn t afford anyway) and gain weight, and then rush to all hospitals that will increse your debts further. It is all a cyclic process. With that said, let s look at what you can do to get debt free.

1. Get in touch with a reputable firm that provides you consolidation. several companies Nevertheless, while helping you to get debt free, will have covered fees. So earlier you enter the deal, ensure that the debt consolidation offered is completely free.
2. You should be aware of mortgages that tell you they will help you get debt free.
3. You should get a counselor s help in clearing your debts. You should discuss all your credit card bills with the counselor. Ask him what you should do; one step at a time please.
4. You must plan your debt consolidation in order to get debt free in an orderly manner.
5. Finally and most significantly, make sure that you pay the consolidation company on time. You will be warned about the outcomes if you fail, so it is worth to have a look at those conditions also.