Debt Consolidation Meeting

By KBJR News 1

April 10, 2013 Updated Apr 10, 2013 at 7:34 PM CDT

Duluth, MN (NNCNOW.com) - Financial resolutions were discussed today by a panel of professionals who specialize in the art of wealth creation and debt consolidation.

A question and answer session involved community members seeking advice on how to get rid of their debt, quickly and efficiently.

Eliminating student loan obligations was a hot topic among attendees as this type of debt exceeds one trillion dollars in the US and totals more than credit card or automobile debt, according to the panelists.

One financial representative says balancing investments such as mortgages and homes, is important when reallocating dollars on a monthly basis.

"The best tip I could give is to have a plan. Have a plan, embrace a plan. Have a level of accountability in your life. Have a banker or a financial adviser or planner that can help you achieve the goals that you're looking to achieve rather than managing debt on your own," Dan Moseley, from Northwestern Mutual, said.

Northwestern Mutual's Dan Moseley says many bankers and financial planners do not charge a fee for their advice.

Fuse Duluth, is a networking organization geared toward young professionals.

Justin Reis, NNC.