What is a Debt Coach?
A Debt Coach is essentially the same thing as a Financial Coach, or a Money Coach. They all work with clients one-on-one to help them understand themselves and their unique situation. A Debt Coach is more of a specialized version of a Financial Coach. Debt coaching will help you with the process of getting out of debt. Your coach will help you to learn new skills and techniques to better manage your money. Your coach will also help to change your ingrained beliefs about credit card debt and money in general. Most Financial Coaches are also a Debt Coach who will work with you to help find debt management strategies to quickly help you leave your lifestyle of using debt behind. They will help you to change your money management paradigm. For instance, Instead of buying a vacation on credit, you will pay cash and enjoy it a whole lot more. These are only a few things a Debt coach (or a Money coach) can help you with.
Who should work with a Debt Coach?
Almost anyone can benefit from working with a Debt Coach. They can help you by being your accountability partner along your journey. They can help you find your financial goals, and lead you to your new debt-free financial future. A good coach will understand that you are the hero of your story. They will also help point you in the right direction by giving you new tools and techniques to get out of debt fast and start winning!
If you are living a life indebted to banks, you are living life as a slave. The best way to get out of this is to change your ideas on money and credit.
How can a Debt Coach help me?
Debt coaching can help you in quite a few ways. A Debt Coach can help you by teaching you new tools and techniques to get out of debt faster. They will also help you to understand who you are and help you with your financial goals for your unique situation. The coach will help you look into your financial future. They will help you determine where you want to be, and how to get there.
Even if you already know where you are heading, a debt coach can help you get there faster and more directly. Your coach will be your partner along the way cheering you on, and helping when you have questions and need assistance. They will help you with understanding your credit report, setting up a debt management plan. A coach will be your partner when you look at possibility of debt consolidation for your debt settlement and repayment plan.
How Much Does a Debt Coach Cost?
This is a common question most people ask once they understand how a Debt Coach can help them succeed in getting out of debt. The truth is, Debt Coaches are as varied in their fees as they are in their approach. A Debt Coach can cost anywhere from being free to hundreds of dollars a month. There are many money coaching programs that will work with you if you meet certain eligibility requirements at no cost. Most debt coach clients will be in the range of $100-$200 depending on the coach, and the area of the country you are where you live. When hiring a Debt Coach always keep in mind what value they provide for you, and pay them accordingly.
A good Money Coach will work with you from the beginning of your journey to the end. Depending on the amount of debt, and how seriously you take the process of getting out of debt, will determine how long it takes. This will of course affect the cost of services because the duration may be longer. Most often it will take about 6 months of debt coaching to help you change your lifestyle to living a debt-free life.
How to Find a Money Coach
There are many ways to find a Debt Coach online. We prefer to work with Dave Ramsey’s Ramsey Preferred Coach program. However, there are many other Debt Coach referral programs that can help you find a Debt Coach that is right for you.
Work with a Debt Coach
Our debt coaches have all been in your shoes. In debt, and worried. We coach because we want to help others get out of the oppression of debt in your lives as we did. Let our Debt Coaches help you find new ways to get out of debt, live life, and build wealth.