The Money Mindset Podcast

#126 BBMU - Should you use a debt relief company?

February 27th, 2023

Debt relief companies are a popular choice for people who are struggling to manage their debts. They offer a variety of services to help people reduce or eliminate their debt burden. But is this really a good option for you?

Before deciding to use a debt relief company, there are a few things to consider. Listen in as Ashley discusses some of these points and offers some guidance to help you make the right choice.

Hosting Today:
Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier.

I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems.

Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others.

“So definitely before you commit to any kind of debt relief program, know your numbers so that you can make the best decision for you and you need to know your options and when you know your numbers and know what you can actually afford, things will get clear and you'll be able to make a more informed decision.”
- Ashley Patrick

01:17 - The Budget Bestie Meetup
03:10 - Should you use a debt relief company?
06:03 - Debt relief scams
06:47 - How it affects your credit score
09:47 - Talk to a bankruptcy attorney
10:46 - Do your research
12:04 - Know what the tax implications are
13:04 - Have a money plan
15:59 - About credit score
23:40 - Wins for February
31:24 - How to sign up for a Budget Bestie Meetup

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