Chapter 4-DIY Debt Relief

Do-It-Yourself Debt Relief

When it comes to getting out of debt, you have many options to choose from. The following video will take you through four of the most important and helpful methods for getting out of debt on your own: Avalanche, Cascade, Landslide, and Snowball. Each has its advantages and will fit some people’s needs more than another.

You won’t find much about credit card balance transfers and debt consolidation loans, though, since these are not debt relief and certainly not debt-elimination methods. These two debt moves simply shuffle your debt and usually backfire on the borrower, leaving her or him with more debt than they started with.

Finally, you’ll go a little beyond the DIY methods to better understand your three debt relief options when you feel you need to turn to a third party.

31-Minute Video

To successfully pass the module quizzes, we expect that you will need to view each lesson video.

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