9 Reasons to Eliminate Your Debt & 1 Great Way to Do It

I’m sure we all can agree that eliminating debt makes strong fiscal sense. However, opportunities to completely eliminate your debt rarely come along. And here’s the really nasty thing about debt – it’s kind of like quicksand. You almost never see it coming, and once you’re in it, it can be very difficult to get out. Typically, one of the best ways to get out of debt – and quicksand – is with the help of friends, especially friends like Publishers Clearing House.

At PCH, we know what’s important to you, and that’s just one of the reasons for the $75,000 Eliminate Your Debt giveaway. Are you entering this giveaway? Keep reading for nine reasons you should be entering every day!

9 Reasons to Eliminate Your Debt

  1. Build financial security – all those debt payments could be cash that you set aside for a time when it’s really needed
  2. Treat yourself (without feeling guilty) – paying on debt means you have less money, which could lead to incurring more debt to get the things you want. Paying off your debt puts the money back in your pocket for the things you want.
  3. Reduce your stress level – debt brings stress, and stress can lead to serious health issues. Paying off your debt actually could save your life!
  4. Reduce your bills – the more you owe, the more bills you have to pay. Eliminating your debt – even if it’s piece by piece – will mean fewer bills and no interest charges
  5. Improve your credit score – when your debt is high (especially credit card debt) your credit score nosedives, but eliminating your debt reverses the course and your score could soar
  6. Teach kids about money management – leading by example is a great way for kids to start learning how and why they should avoid getting into debt
  7. Own your assets – when you have a mortgage or an auto loan, you don’t own your home or car – the bank does! Getting rid of those payments means never having to worry that someone may take your things away.
  8. Increase future earnings – taking out a loan or charging something on your card means you’re just borrowing from your future income, which could decrease your standard of living. Make the most of your income by paying off existing debt rather than incurring more.
  9. Get rid of lenders – as long as you have debt, you’ll have lenders telling you when to pay and how much to pay, whereas eliminating your debt puts you in full control of your money.

And there you have it! Nine great ways to take control of your finances and one great giveaway that you should be entering every day if you really want to eliminate your debt in one fell swoop!

Russell S.
PCH Creative

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  1. PCH Here is a poem I wrote for all of you,It is called I Believe…. Publishers Clearing House, look what you have done for so many. I believe prayers are answered and dreams come true, for a plenty because of you.
    I believe GOD works through all of you, to help so many families thru. I believe they thank our LORD above their homes you came to. I believe your lives are surly Blessed, for PCH Your truly the Best !!! Mahalo nui loa and Aloha nui loa!!! (Thank you very much and Love you very much!!!) For: You not only open doors, you also deliver GODS Blessings !!!

  2. Man , I keep telling people , you don’t want to hack me , my credit is so bad , the hackers wanna to donate me a dollar to get off the system. That’s how bad of debit I’m in. TRUTH to be TOLD.

  3. It would be an opportunity to give to those who help people in the most meaningful ways. A dream I have had all my life.

  4. Pch Yes I entering the Eliminate my debt to contest with Frontpage.To Win $75,000.00 So I can clear any owe money I have. MelanieTaylor Fan.For all the 9 reason You have!

  5. So true. I would love to keep are car Im disabeabeld wife works no other income. I could be the hero for a wile. Lol.

  6. Been working on removing debt for over a year now almost out of it now. Could definitely use some help. My dream is to own my own home and have a dependable vehicle to get to and from work . I’m in it to win with PCH