Do you wanna know how much debt is too much debt?

The answer really depends on your financial situation.

For some people, being in hundreds of dollars of debt is really, really bad.

For others, being in thousands of dollars of debt isn’t bad at all, and they can handle it.

So it really depends on how much money you’re bringing in versus how much money is going out.

Taking into consideration that everyone’s financial situation is different, here are some guidelines for you.

We like to call it the 50, 30, 20 rule.

The 50 is 50% of your income goes towards needs such as rent or a mortgage, utilities, groceries, insurance, such as health insurance, things that are absolute necessities.

Things that are not included in this 50% are anything that has to do with entertainment.

Thirty is 30% of your income after taxes goes towards entertainment, such as a gym membership, internet, cable, or even just going out and having fun.

It’s still important to prioritize these items, otherwise, you may overspend.

And 20 is 20% of your income after taxes goes towards savings, such as any sort of savings accounts that you have, retirement accounts and so forth.

If you’re struggling to stick to a 50, 30, 20 rule budget system, then you may wanna consider your other get out of debt options.

If you are in a financial hardship and you just are struggling with your minimum payments and you can’t afford to pay what you owe, then you maybe wanna consider debt settlement.

And if you are in financial hardship and you just can’t afford to pay what you owe, visit us on the website at and speak with one of our debt experts.

How Debt Relief and Debt Settlement Work?

Debt Relief and Debt Settlement is a negotiated agreement by which a creditor accepts less than the total amount owed to legally satisfy a debt.

Settlement programs typically last 24-48 months and are highly dependent on factors such as delinquency, creditor policies, the number of accounts, and the total dollar amount of the debt.

Debt settlement services have existed in some form since the advent of debt itself.

The modern industry has seen significant growth in the 21st century, largely due to the easing of lending requirements by financial institutions.

In addition, today’s borrowers are taking on significantly more debt than their parents had at a similar stage in life and are subsequently paying off that debt at a slower rate.


These large debt loads and slower payoffs, coupled with today’s high-interest rates, mean that without intervention many borrowers could be paying off these loans for decades.

While there are a multitude of interwoven causes for these trends, industry experts point to increased access to larger amounts of credit coupled with a reduction in the social stigma of being in debt.

Debt Settlement Calculator | Alleviate Financial

Schedule Your Free Debt Analysis

Potential clients speak with a certified debt specialist regarding their financial situation.

The debt specialist evaluates the caller’s financial situation and suggests the optimal debt relief strategy.

Clients choosing to enroll in our debt relief program are then guided through the enrollment process.

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Enroll Into Our Debt Relief Program

Signed enrollment documents are processed and the new client receives a call from our team of dedicated account managers to welcome them to the program.

Account managers are available 24/7 and remain in active communication with clients throughout the program.

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Negotiations & Settlement

Our talented negotiations team begins working on client accounts immediately.

When settlement offers are received they are first reviewed for accuracy and then presented to clients for approval.

This process repeats until all client accounts have been settled.


Debts Resolved!

Your debts will be resolved in a few short years or even months so you can have a new beginning financially.