Online Class: Debt Reduction

Unraveling the complexities of debt, this course offers a roadmap to financial independence by teaching effective strategies for credit management, debt reduction, and income amplification. Participants will learn to view debt as a powerful tool, master its management, and secure their pathway to financial stability and prosperity.

$95.00
no certificate
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$120.00
with CEU Certificate*
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$120.00 (with CEU Certificate)
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  • 11
    Lessons
  • 13
    Exams &
    Assignments
  • 1,963
    Students
    have taken this course
  • 6
    Hours
    average time
  • 0.6
    CEUs
 
 
 

Course Description

Mastering Debt Management: Unlocking the Secrets to Financial Freedom

Navigating the treacherous waters of debt can be daunting, but with the right guidance, achieving financial stability becomes an exhilarating journey rather than an uphill battle. Our comprehensive course dives deep into the intricacies of debt reduction, offering not just tools, but empowerment for a brighter financial future.

Every individual, at some point in their life, grapples with the challenges of balancing credit, managing debts, and envisioning a life where they stand tall, unburdened by financial liabilities. Recognizing this universal struggle, this course is meticulously designed to transform your understanding of money, debt, and financial freedom.

Let's start by decoding the fundamentals: What really is debt? Often perceived negatively, debt in reality is a financial tool, allowing individuals and corporations alike to seize opportunities otherwise beyond their immediate reach. Whether it's funding your dream home, propelling your startup vision, or even securing that much-needed vehicle for better job prospects, debt can be a strategic ally if managed adeptly.

However, like any powerful tool, debt demands respect and understanding. Our course will delve into the nuanced distinctions between beneficial and detrimental debts. Learn the secrets behind wise borrowing, and discern when leveraging debt can catapult you toward your aspirations or inadvertently shackle you in financial chains.

By journeying with us:

  • You'll master strategies to proficiently manage credit and curtail mounting debts.
  • Discover avenues to amplify your income and harness your spending.
  • Unearth the magic of early retirement savings.
  • Bulletproof your financial future against unforeseen debts.
  • And, most importantly, you'll chart your unique path to coveted financial liberation.

Unveiling the anatomy of various debt agreements, we'll empower you to make informed decisions, ensuring you not only comprehend the obligations but also optimize benefits.

Remember, debt isn't inherently evil; it's the management that makes all the difference. So, whether you're drowning in a sea of consumer debt or just seeking sharper financial acumen, this course is your beacon, guiding you towards fiscal independence and prosperity. Join us, and let's redefine your financial narrative together.

  • Completely Online
  • Self-Paced
  • Printable Lessons
  • Full HD Video  
  • 6 Months to Complete
  • 24/7 Availability
  • Start Anytime
  • PC & Mac Compatible
  • Android & iOS Friendly
  • Accredited CEUs
Universal Class is an IACET Accredited Provider
 
 

Course Lessons

Average Lesson Rating:
4.65 / 5 Stars (Average Rating)
"Extraordinarily Helpful"
(770 votes)

Lesson 1. Understanding Debt: Key Concepts and Principles

Loans offer opportunities for financial growth or disaster depending on usage and repayment discipline. Engage in debt thoughtfully by aligning it with income-generating activities and seeking guidance to manage existing obligations effectively. 51 Total Points
  • Lesson 1 Video
  • Lesson discussions: Reasons for Taking this Course
  • Complete Assignment: An Introduction
  • Assessment: Exam 1

Lesson 2. Breaking Free: Strategies to Escape a Debt Spiral

Different borrowing behaviors, such as survival, lifestyle, and reluctant borrowing, influence susceptibility to debt spirals. Being aware of these behaviors can help individuals mitigate their risk and adopt healthier financial habits. 50 Total Points
  • Lesson 2 Video
  • Assessment: Exam 2

Lesson 3. Debt and Young Adults: A Growing Concern

Emerging adults are adopting new economic strategies, like acquiring higher education on credit, which ironically increases their debt burdens. The high prevalence of underemployment and poor budgeting practices contributes to financial instability, prompting a reevaluation of spending and saving behaviors. 50 Total Points
  • Lesson 3 Video
  • Assessment: Exam 3

Lesson 4. Escaping the Debt Spiral: A Path Forward

Failing to adapt spending habits often traps individuals in debt despite efforts to pay down balances, illustrating the importance of critical financial planning. Prioritizing debt repayment starting with the highest interest while maintaining transparency with creditors can lead to financial independence. 50 Total Points
  • Lesson 4 Video
  • Assessment: Exam 4

Lesson 5. Mastering Debt Freedom: A Comprehensive 7-Step Guide

Rising credit accessibility has led to increased financial hardships, but a structured debt reduction plan is key to regaining control. The seven steps guide borrowers through contacting creditors, prioritizing debts, financial planning, and strategic negotiations to achieve financial freedom. 50 Total Points
  • Lesson 5 Video
  • Assessment: Exam 5

Lesson 6. The Journey Through Debt Management Services

Debt management agencies help individuals tackle financial burdens by providing fee-based and nonprofit options, allowing for expert guidance and potential reductions in interest rates. Be diligent when selecting an agency, ensuring they are licensed, reputable, and aligned with your needs and financial capability. 50 Total Points
  • Lesson 6 Video
  • Assessment: Exam 6

Lesson 7. Mastering Your Financial Future: Strategies to Enhance Your Credit Score

Understanding and managing your credit score is crucial for financial stability, and a key strategy is paying your bills on time to show lenders you're a low-risk borrower. Be aware of misinformation about credit scores and avoid scams that promise quick fixes, as true improvement comes from disciplined debt repayment. 50 Total Points
  • Lesson 7 Video
  • Assessment: Exam 7

Lesson 8. Mastering Financial Freedom: Exploring the Time Value of Money and Key Terms

An efficient personal financial plan allows you to manage your current finances better, avoid debt, and plan for future expenses, leading to improved personal relationships and financial security. Evaluate your financial goals by considering short, intermediate, and long-term objectives and differentiating wants from needs. 50 Total Points
  • Lesson 8 Video
  • Assessment: Exam 8

Lesson 9. Don't Wait to Secure Your Future: The Power of Early Retirement Saving

Contributing to retirement funds early and regularly can vastly increase potential retirement income, thanks largely to long-term interests compounding. Over-reliance on uncertain future work plans or social security alone can jeopardize financial security during retirement. 50 Total Points
  • Lesson 9 Video
  • Assessment: Exam 9

Lesson 10. Unlocking Potential: Methods to Augment Your Earnings the Easy Way

For outgoing individuals, overcoming the fear of public speaking can create substantial income opportunities through motivational engagements or specialized seminars. Building a reputation in a niche area, alongside seeking assistance from speaking bureaus, may lead to steady income growth. 50 Total Points
  • Lesson 10 Video
  • Assessment: Exam 10

Lesson 11. Mastering Your Finances: Essential Budgeting Terminologies

Creating a budget helps you take charge of your finances, providing a roadmap to a debt-free life by balancing income and expenses. Using apps can simplify the budgeting process and help track spending easily. 325 Total Points
  • Lesson 11 Video
  • Review 2 Practice Worksheets
  • Lesson discussions: End of Course Poll; Course Comments; Course Comments
  • Assessment: Exam 11
  • Assessment: Final Exam
826
Total Course Points
 

Learning Outcomes

By successfully completing this course, students will be able to:
  • Describe what debt is.
  • Recognize the debt spiral - warning signs.
  • Identify the debt trap.
  • Recognize mistakes that keep you stuck in debts.
  • Develop a debt reduction plan.
  • Describe strategies to boost your credit score.
  • Determine the importance of saving for retirement sooner rather than later.
  • Describe methods to track your money.
  • Demonstrate mastery of lesson content at levels of 70% or higher.
 

Additional Course Information

Online CEU Certificate
  • Document Your Lifelong Learning Achievements
  • Earn an Official Certificate Documenting Course Hours and CEUs
  • Verify Your Certificate with a Unique Serial Number Online
  • View and Share Your Certificate Online or Download/Print as PDF
  • Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
Document Your CEUs on Your Resume
 
Course Title: Debt Reduction
Course Number: 9770467
Lessons Rating: 4.65 / 5 Stars (770 votes)
Languages: English - United States, Canada and other English speaking countries
Availability: This course is fully available online in all 50 states, including California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, and Georgia. It’s also offered in major English-speaking countries, such as the United Kingdom, Canada, Australia, and Ireland.
Last Updated: March 2024
CEU Value: 0.6 IACET CEUs (Continuing Education Units)
CE Accreditation: Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).
Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned.
Course Type: Self-Paced, Online Classes
Assessment Method: Lesson assignments and review exams
Instructor: Linda Zavadil
Syllabus: View Syllabus
Course Fee: $120.00 U.S. dollars

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Student Testimonials

  • "I thought it was very insightful and there was definitely information I can utilize." -- Jessica M.
  • "Great course, some of the tests/exams were hard." -- Jennifer J.