When your credit card debt starts to take over your life, it can feel like you are backed into a corner. For many people, the task of getting their financial lives in order is not as easy as it sounds. When you are looking for a debt service for your bills to help you handle your situation, you have several choices. In the end, you will find that there is only one kind of solution that fits every situation.
People see commercials for debt consolidation companies on television on a regular basis. But the truth is that debt consolidation is not always the right debt relief service for people to choose. A consolidation solution usually requires a loan, and many people in need of debt assistance do not have the high credit score required to get a loan. Consolidation is the process of moving debt from one account to another. It does not address the real problem of taking on your debt and getting rid of it.
Some people consider bankruptcy as an option, but it is not always the right option. Bankruptcy should be something you do as a last resort when all other debt relief options fail. When you start looking in to debt assistance options, you will find that you can avoid bankruptcy if you get the right kind of professional debt assistance.
The ideal debt service for your bills may be debt settlement. This is a process where an experienced debt relief professional negotiates payoff amounts with your creditors and then combines all of your accounts into one monthly program payment that you actually get to choose yourself with one of our recommended settlement organizations. It is a process that has several advantages over any other kind of debt relief option.
No Credit Needed
With a debt settlement solution, you do not need to have good credit. The program is based on your existing accounts and not your ability to qualify for a loan. Because there is no other form of financing involved, you do not need to have good credit. Debt negotiation is a solution that anyone can use and any consumer can benefit from.
Declining Credit Card Balances
When you consolidate a loan, you are simply combining existing accounts under a new loan payment. With debt settlement, your professional negotiator is working to lower your credit card balances and attack your debt immediately. The significant drops in your credit card balances are real solutions to your debt issues.
Debt Negotiation Convenience
A debt settlement service will contact your creditors on your behalf and negotiate low payoff amounts. Once all of your accounts have been negotiated, the financial professionals will then use your settlement funds to pay off the debt. When the plan is ready, all you have to do is make your monthly payment to the debt settlement firm and the rest is done for you.
Pay Off Debt Quicker
The average debt consolidation loan can go anywhere from five to 10 years in length. It is loaded with interest charges that will add to your debt over the term of the loan. A debt settlement agreement is generally completed in three to four years. Your debt is satisfied quickly, and your personal finances will be back under your control in no time at all.
A good debt settlement company also offers financial counseling services. The financial experts will show you how to create a personal budget, decrease personal spending, reduce your reliance on credit cards and start saving money for things like vacations and home improvements.
Make The Right Choice
We have the qualified professionals that provide the right debt service for your bills. Our experts will work with you to analyze your finances and then develop a debt settlement plan that will get you out of debt quickly. We will answer all of your questions and show you how you can live your life without the cloud of debt hanging over your head. Call us today and let us help you get out of debt and start controlling your personal finances.