Debt Elimination

What is Debt Elimination?

Debt Elimination is paying off all debts that a person has accumulated over time. Faster than what the debt collectors have collected to include building wealth. If a person is in a position to pay more on their debts that will allow them to build up interests to pay off their debts. Whether it’s student loans, a mortgage, or credit card debt, nobody wants to remain indebted to the bank. The longer you carry these loans, the more costly they become. We work with specialized advisors who will walk you through financial planning like debt elimination to help you take control of your debt and financial health and accelerate the repayment process, helping you reach a zero balance much faster.

Here are some common financial debts we work with: Credit cards, personal loans, student loans, mortgages, auto loans, medical debts, and so much more. The last thing we ever want to be is a burden to loved ones. Debt can create an overwhelming burden that some people leave behind for their loved ones. We have heard many stories where a spouse passes away with debt left behind and collectors will keep on coming. You can experience the FREEDOM without debt and leave a lasting legacy for you and your family.“The rich ruleth over the poor, and the borrower is servant to the lender.” Proverbs 22:7

How Debt Elimination works?

Benefits of Eliminating Debt:

Who all has debts? Or who has had debt? We can all raise our hands on this for sure. We have all been there. If you are sick of your debt you have the authority to do something about it! The main question does come up; “What are the benefits of debt elimination?”. There are many benefits to getting out of debt. Let’s name a few: First, we just mentioned…FREEDOM! You have more freedom in your life to take control of your money, don’t let it control you. Second, your health!! Debt can affect our health, and take a toll on your physical body, mental health, your marriage health, your kiddos, and people all around you.

Taking steps to being debt-free will elevate stress, and encourage confidence, commitment, and a plan to move forward. And third. Leaving a legacy! What is more important than leaving a legacy for your family and your friends? We can encourage everyone to do the right thing and to be remembered as something that people can have for themselves. Leaving a legacy can set a chain reaction for others to take control of their money. Start today to leave a legacy for you and your family. 

“A good man leaveth an inheritance to his children’s children:...” Proverbs 13:22

Frequently Asked Questions (FAQs):

What types of debt can be eliminated?

All debt can be eliminated with the right mindset and heartset. Whether it’s student loan debt, mortgage loans, or credit card debt, Stepping Stone Financial can assist in however your debt comes in. 

How long does the process take?

Debt elimination can take time depending on the amount of debt you currently have. As well as how committed are you to becoming debt-free. 

Are there any risks involved?

There are always risks when a big financial change needs to happen. Take back control of your money, it does come down to a question to ask yourself; “How committed am I willing to make to get myself out of debt?”. Once you decide to make changes to your budget, it takes time and risk to keep to your budget to get to paying off all your debt.

Why Choose Stepping Stone Financial for Debt Elimination?

Our knowledge can go only so far, there are times in life when we all need a little nudge or a different perspective. If there was a different way to get out of debt faster with money, what would you do about it? Stepping Stone Financial’s staff understand what it’s like to have debt and feel like there is no way out. Through teamwork, we want to be that stepping stone for you and walk alongside you to get back on your feet to leave debt behind you.

Contact us today to make an appointment to start your Debt Elimination journey!