Pay Off Debt

A person must pay off debts to find peace of mind by lowering or eliminating the amount of financial obligations they carry. A restless night never fails to occur when worries overcome what is meant to be the time of rest and renewal. When one finally can pay off debt, the overwhelming relief results in the sweetest night's sleep imaginable. This takes a strict plan and determination not to be swayed back into the dark side of spending without a budget. The budget strategy is perhaps the most effective means to live within ones income.

The performance to pay off debt built upon credit card offers is the hardest disappearing act on the face of the earth. Paying for bills that have accumulated over a period of months or a period of years becomes harder as time passes. Not only will money need to be found to pay off debts of credit principal, but the balance has steadily increased by additional finance charges and other company fees. The total amount needed will have doubled or tripled depending on the length of time, the types of charges incurred, and the manner in which the account was handled.

The impact for paying back money borrowed for major purchases from banks and credit unions is not so traumatic, although just as difficult if the borrower has overextended their income to debt ratio. Rates charged by these institutions seem reasonable until someone with a poor credit history applies. The poor credit risk borrower must suffer the consequences of being charged a rate of interest sometimes double what a good credit risk borrower will be charged. Ironically, this system makes it more difficult for the person who needs the most assistance to pay off debt. Once a person becomes desperate to pay off debts, their opportunity to do so becomes nearly impossible to attain.

Like a flood that rises and covers over the house built too close to the river, so also is the borrower who stays too close to the creditors' fountains of finance. It should be a borrower's priority to pay off debts that cause worry and stress. When attempting to repay loans and other obligations, trusting in God to bless the determined efforts can draw ones focus on Him and His help: "Deliver me out of the mire, and let me not sink: let me be delivered ...out of the deep waters. Let not the water flood overflow me, neither let the deep swallow me up. Hear me, O Lord; and hide not they face from thy servant; for I am in trouble" (Psalm 69:14-17) A person must make the priority to pay off debt and when the goal is won, the world becomes a much freer place to live and enjoy.