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.

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$120.00 (with CEU Certificate)
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  • 11
    Lessons
  • 13
    Exams &
    Assignments
  • 1,944
    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:
4.6 / 5 Stars (Average Rating)
"Extraordinarily Helpful"
(769 votes)

Lesson 1. Understanding Debt: Key Concepts and Principles

51 Points
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. Additional lesson topics: How to Get Out of Debt, Stay Out of Debt; Debt Collection Industry Terms; The Total Money Makeover Workbook; Debt Glossary
  • 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

50 Points
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. Additional lesson topics: Several Warning Signs of Debt; Don't go Into Debt to Buy Stupid Stuff; One-Third of Couples Go Into Debt for Their Wedding Day; Debt warning signs; Several Warning Signs of Too Much Debt
  • Lesson 2 Video
  • Assessment: Exam 2

Lesson 3. Debt and Young Adults: A Growing Concern

50 Points
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. Additional lesson topics: Teenagers and Financial Debt; Too much student debt can lead to turbulence; How to Get Out of Debt: A Step-by-Step Guide to Financial Freedom; Warren Buffett and Debt; Steps to help you get out of debt
  • Lesson 3 Video
  • Assessment: Exam 3

Lesson 4. Escaping the Debt Spiral: A Path Forward

50 Points
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. Additional lesson topics: The biggest money mistakes millennials are making; Debt Mistakes to Avoid; Several worst credit card mistakes; Several Financial mistakes to avoid; Several student loan mistakes to avoid
  • Lesson 4 Video
  • Assessment: Exam 4

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

50 Points
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. Additional lesson topics: Calculator: When will I be debt-free?; Video: How to Create a Debt Reduction Plan in Quicken; Several Free Debt Reduction Spreadsheets; Get Out of Debt With the Debt Snowball Plan; Several Proven Ways to Reduce Personal Debt
  • Lesson 5 Video
  • Assessment: Exam 5

Lesson 6. The Journey Through Debt Management Services

50 Points
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. Additional lesson topics: Best Debt Management Companies for ; What Types Of People Are Best Suited For A Debt Management Plan?; “Should I Choose Debt Management Or Debt Settlement?”; Several Things You Should Know About Debt Management Programs
  • Lesson 6 Video
  • Assessment: Exam 6

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

50 Points
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. Additional lesson topics: 10 Things Consumers Don't Understand About Credit Scores; How to Raise Your Credit Score: Killer Strategies; Want to Raise Your Credit Score? Here's a Clever Way to Do It; Take these steps to improve your credit score; The Best Strategies For Increasing Your Damaged FICO Scores; Understanding Your Credit Score
  • Lesson 7 Video
  • Assessment: Exam 7

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

50 Points
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. Additional lesson topics: How Do You Know if You're Financially Free; Financial Freedom: What Does It Mean to You and How Do You Achieve It?; Several Reasons Why You Will Never Become Financially Free; Personal Financial Planning Tips : How to Create a Financial Plan; How to create a financial plan for yourself
  • Lesson 8 Video
  • Assessment: Exam 8

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

50 Points
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. Additional lesson topics: The Average Retirement Savings by Age for ; Meet Several ordinary people with bigger-than-usual retirement savings; What Your Retirement Savings Should Look Like at Age 50; Several Mistakes That Are Reducing Your Retirement Savings; Retirement Savings Calculator
  • Lesson 9 Video
  • Assessment: Exam 9

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

50 Points
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. Additional lesson topics: Increase Your Disposable Income; Increase Your Income in Ways Most People Don't Know; Several Steps You Can Take Starting Today to Dramatically Increase Your Income; Several Ways to Make Money: Maximizing, Creating and Increasing Your Income
  • Lesson 10 Video
  • Assessment: Exam 10

Lesson 11. Mastering Your Finances: Essential Budgeting Terminologies

325 Points
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.
  • Lesson 11 Video
  • Review 2 Practice Worksheets
  • Lesson discussions: End of Course Poll; Course Comments; Program Evaluation Follow-up Survey (End of Course); 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: 4.6 / 5 Stars (769 votes)
Languages: English - United States, Canada and other English speaking countries
Availability: This course is available online in all U.S. states, including California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, and Georgia. It’s also offered in English-speaking countries, including the UK, Canada, Australia, and New Zealand.
Last Updated: March 2024
Course Type: Self-Paced, Online Class
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.
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.