Online Class: Debt Reduction

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

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  • 11
  • 13
    Exams &
  • 1,789
    have taken this course
  • 6
    average time
  • 0.6

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:
4.7 / 5 Stars (Average Rating)
"Extraordinarily Helpful"
(730 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. Additional lesson topics: How to Get Out of Debt, Stay Out of Debt; Debt Glossary; Debt Collection Industry Terms; The Total Money Makeover Workbook 51 Total Points
  • Lesson 1 Video
  • Lesson discussions: Reasons for Taking this Course
  • Complete Assignment: An Introduction
  • Assessment: Exam 1

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. Additional lesson topics: 3 Warning Signs of Too Much Debt; One-Third of Couples Go Into Debt for Their Wedding Day; Debt warning signs; Don't go Into Debt to Buy Stupid Stuff; Several Warning Signs of Debt 50 Total Points
  • Lesson 2 Video
  • Assessment: Exam 2

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

Lesson 4: Mistakes that Keep You Stuck in Debts

Regardless of how you got yourself into debt, it’s possible to be debt free. Additional lesson topics: Debt Mistakes to Avoid; Several worst credit card mistakes; Several Financial mistakes to avoid; The biggest money mistakes millennials are making; Several student loan mistakes to avoid 50 Total Points
  • Lesson 4 Video
  • Assessment: Exam 4

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

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. 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 50 Total Points
  • Lesson 6 Video
  • Assessment: Exam 6

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

Lesson 8: The Path to Financial Security and the Time Values of Money

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

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

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

Lesson 11: Tracking Your Money: Budgeting

A well-written budget is the foundation on which you should base your financial goal. 325 Total Points
  • Lesson 11 Video
  • Review 2 Practice Worksheets
  • Lesson discussions: End of Course Poll; Course Comments; Program Evaluation Follow-up Survey (End of Course)
  • Assessment: Exam 11
  • Assessment: Final Exam
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: 4.7 / 5 Stars (730 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
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.

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