Thursday, April 26, 2018

Nationwide Debt Reduction Services Has A Surprising Offer

Raise your hand if you're in debt.

Right. That's what I thought.

I, of course, am in the same boat. This is what happens when you send your daughter to Japan. When you own a car. When you breathe.

As I mentioned before, one of my goals in the near future is to buy a plot of land and either build a house (because, you know, I'm handy like that), or just buy a house. So, what's the first thing you must do in order to acquire a mortgage? Lower your debt and clean up your credit.

As you can probably guess, I have been searching for debt reduction services. Luckily, I don't have too much debt, but I have enough that it bothers me and I want it GONE.

I found some interesting information. For example, I was extremely confused about debt to income ratio but the Consumer Financial Protection Bureau explained it quite succinctly:

"To calculate your debt-to-income ratio, you add up all your monthly debt payments and divide them by your gross monthly income. Your gross monthly income is generally the amount of money you have earned before your taxes and other deductions are taken out.  For example, if you pay $1500 a month for your mortgage and another $100 a month for an auto loan and $400 a month for the rest of your debts, your monthly debt payments are $2000. ($1500 + $100 + $400 = $2,000.) If your gross monthly income is $6000, then your debt-to-income ratio is 33 percent. ($2000 is 33% of $6000.)"

Awesome. I get it. Now, more (not) great news via

"Americans now have record-high credit card and student loan debt. Auto loan debt also broke some records last year.
According to the latest 2018 data from the Federal Reserve:

Americans hold over $1 trillion in credit card debt ($1,023,000,000,000)
Nonrevolving debt (loans) total over $2.8 trillion ($2,842,400,000,000)
According to a Y charts investment company:

To kick off 2018, the total outstanding auto loan debt totals $1.22 trillion ($1,221,000,000,000)"

After I went outside and screamed into the wind, I came back in and continued my search. I came across National Debt Reduction Services and instantly breathed a sigh of relief. There is a plethora of information and resources AND they don't even charge you for their help until your debt is settled.

As I was perusing the website, I came across a great surprise! They are offering a $1,000 scholarship to any high school senior that has been accepted to any university or any college student not in their final year! To enter you just have to write a 500 word essay and fill out this Nationwide Debt Reduction Services entry form!

Debt is on the rise, but I am determined to stomp it out on my end. How about you? 


  1. i did not know that calculation for sure before now, and your post definitely let me learn a couple of new and useful info..

    1. I'm so glad I could help! I am still learning myself!

  2. That is a helpful resource. Boo student loans. This will help us out! Thanks!

    1. You're so welcome. I think it's so cool that they're offering a scholarship!

  3. This offer could certainly help Steph! I am not sure if this would also be available in our country. Though it may not, I am still glad to learn there is such an awesome offer.

  4. this is such a great resource! I had no idea about any of that

  5. This is an awesome resource. I wonder if this also works with business debt. Gotta look into that.

  6. i will be sharing this so people can share with their children! i have to visit the site to get more information as well!

    1. Awesome, thank you! A 500 word essay is so easy for a scholarship!