The uncertainties of American economy has affected the middle class in many ways. Lack of jobs, increased debt limit and shrinking income level have made it even more difficult for the middle class Americans to go ahead towards successful financial future. In such a circumstance, the only option that is available to manage all the financial need is to take out a loan.

Now, there are millions of loan options categorized under short term and long term options. You may easily select any option among all. Taking out a loan may not be that tough always, but paying off the loan on time is definitely a big issue. The moment you start delaying your loan payment, chances of debt accumulation arise.

Better management of loan and debt – How tough is it to regain financial health?
This is definitely a difficult task to pay off all the loans well on time and stay away from debts. But you can do that with a little bit of perseverance and sincerity. Here are some essential tips that you can use to pay off your debts on time:

1. Get a Proper payment plan first:
   Whenever you’ll ask a financial advisor to help you with proper planning, you’ll get the suggestion to budget first. Cut down all the unnecessary expenses to increase balance in your savings account. Make it a point to use half of your savings to payoff your debts per month. If your debts are crossing the tolerable limit, then use about 80% of your savings for the payment. Pay as more as you can to do away with debts well on time.
2. Start following biweekly payment system:
   If you’ve resources, then trying out biweekly payment will be the best option for you. Instead of paying once in a month, pay after every two weeks. This will result in more payments in a year than the monthly payment option. However, some lenders charge some extra fee for the biweekly payments. You must contact your lenders and get the details about the extra fee.
3. Consolidate but carefully:
   Debt consolidation is undoubtedly a trustworthy option for successful debt payment. Of course you need to take care of the monthly payments. Most of the times it happens that people fail to continue the repayment plan. Irregular payments may ruin your financial stability even more. You may get help of an accredited non-profit Debt consolidation company to deal with your creditors and manage a lower interest rate on your debts. Professional help will simplify your payments even more.
4. Automate the payments:
   Paying off taxes is an obligation. Debt payment is also an obligation for you to follow. So why not automate your debt payments just like your tax payments? Try to automate a certain amount of your salary for the debt payments. Of course, you need to create a separate account for that. Use a completely separate account that will store your savings for debt payments. While automating your monthly payments, make sure to mention ‘Apply to principal only’ in the Memo line of the check. In this way you’ll never have to worry about accumulating enough for debt payments.

1. Utilizing the secret international government instrument to pay off mortgage debt: There is a NEW revolutionary program that has been hidden the last 79 years by the banks and the U.S. government? There is government money that you can use to repay your mortgage debt and also pay off your other loans like your student loans, credit cards, IRS tax debts, and auto loans. Through this International Promissory Note, IPN, you can pay off mortgage bank debt and all types of bank debts. Although the process might take you 3 months, but with full cooperation, you can complete the work without having to look for other options to repay debt and most of the time without an attorney. The IPN works if you are current on your payments or behind and have late payments.

Options are many for debtors to repay loans and debts on time. It’s important to follow the right
option cautiously. Therefore, when you’re wondering about the ways in which you can repay your mortgage debt and become debt free, you may either consider the above mentioned DIY options which are not very effective or choose the IPN, which is a secret government money.