Online Class: Debt Reduction

This course teaches the concept of debt reduction and shows students how to wisely manage credit and personal debt.

Self-Paced, Online Class
Library Subscription
 
  • 11
    Lessons
  • 13
    Exams &
    Assignments
  • 6
    Hours
    average time
  • 0.6
    CEUs
  •  
    Video Audit
    Available
 
 

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.

 

Course Lessons

Average Lesson Rating:
4.7 / 5 Stars (Average Rating)
"Extraordinarily Helpful"
(721 votes)
  • Lesson 1: The Concept of Debt

    Debt is simply defined as an amount of cash borrowed by a person from another person, a financial institution, or the government.
  • Lesson 2: The Debt Spiral - Warning Signs

    The debt spiral starts quite innocently. Often, it starts with a simple financial mistake such credit card mismanagement.
  • Lesson 3: Young People and the Debt Trap

    The 21st century generation is struggling under the weight of heavy college loans as well as other debt – a heavy load that sets it apart from the past generations.
  • Lesson 4: Mistakes that Keep You Stuck in Debts

    Regardless of how you got yourself into debt, it’s possible to be debt free.
  • Lesson 5: Debt Reduction Plan – How to Become Debt Free

    The increased accessibility of credit facilities via banks, loans, and cards has resulted in a sharp rise in debt and the number of people experiencing financial difficulties.
  • Lesson 6: Dealing With Debt Management Agencies

    Charitable agencies are different from agencies or firms that claim to provide “free help.” Most “free debt management agencies” only claim to be free, but they have other means of charging you.
  • Lesson 7: Strategies to Boost Your Credit Score

    A credit score is a number that allows lenders to know how much of a credit risk a person is and how well he/she is at repaying his/her debts.
  • Lesson 8: The Path to Financial Security and the Time Values of Money

    Being financially free means different things to different individuals.
  • Lesson 9: The Importance of Saving for Retirement Sooner Rather Than Later

    Saving for retirement removes tomorrow doubts by allowing you to set money aside for retirement years.
  • Lesson 10: Pain-Free Ways to Increase Your Income

    Income is money a business or a person receives in exchange for a service, good or investing capital. It is consumed to finance debts, daily expenditures, savings and investment.
  • Lesson 11: Tracking Your Money: Budgeting

    A well-written budget is the foundation on which you should base your financial goal.
 

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: 4.7 / 5 Stars (721 votes)
Languages: English - United States, Canada and other English speaking countries
Availability: This course is online and available in all 50 states including: California, Florida, Georgia, Illinois, New York, Pennsylvania, Ohio, and Texas.
Last Updated: September 2023
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

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.

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