Free guide: recommending the right debt solution

Click here to download the guide.

Over 90 million Americans carry credit card debt month to month, adding up to more than $1.2 trillion. To put that into perspective, that’s enough $1 bills to stretch to the moon and back—twice.

Yet despite this crisis, most financial planners, coaches, and empowerment professionals hesitate to recommend debt solutions. Why? Because the industry is riddled with predatory providers, hidden fees, and programs designed more for profit than for people. Clients deserve better.

Traditional DIY strategies like the debt snowball have long been promoted as the “safe” route. While these methods can work for some, they often fall short. Our own analysis shows most people attempting the snowball method have less than $500 in savings. In today’s cost-of-living crisis, consistently finding extra income to make those strategies work is simply unrealistic for many households.

That’s why Budge created the Recommending Effective Debt Solutions guide. Instead of leaving clients stuck between ineffective DIY methods and untrustworthy providers, this guide lays out the most common options side by side: consolidation loans, debt management plans, snowball/avalanche methods, balance transfer cards, and bankruptcy. Each includes the requirements, pros, and cons in plain language so you can make the best possible recommendation for your client.