Everyone pays bills. The difference from person to person is that everyone pays different kinds of bills and has a different level of financial obligation.
Some people allow their bills to overwhelm their monthly income. That is when real financial problems begin. If you are saving up to buy a house, but you are having problems paying bills, then you may be damaging your credit score to the point where you would not qualify for a mortgage.
There are a lot of debt relief options available for consumers to choose from. The key to finding the right program is in understanding its benefits and how it compares to other programs.
Bankruptcy Debt Relief
The problem with bankruptcy is that too many people jump to it as their only debt relief option. Bankruptcy is the only voluntary debt relief option that requires you to file papers with a court. It is not the first option you should consider.
Oftentimes, people who sit down and analyze their debt realize that there are other changes that can be made that would prevent bankruptcy. The effects of bankruptcy can last up to 10 years and prevent you from qualifying for certain kinds of jobs and even cause you to lose out on that apartment you want.
The best choice when it comes to bankruptcy is to keep it off to the side as a very last resort. There are other options you can explore long before you need to file for bankruptcy protection.
Debt Consolidation Debt Relief
If you are having trouble paying bills, then the television commercials that briefly talk about debt consolidation can seem enticing. Debt consolidation is an option that many different consumers choose, but that does not make it the right choice.
If you are having trouble paying bills, then the chances are good that you are not making your monthly account payments on time. As we discussed earlier, this has a negative effect on your credit score.
The process of consolidation requires a loan. In order to qualify for a loan, you must have good credit. If you do not have good credit, then you will be stuck with a loan that has a high interest rate and high service charges. In the end, this kind of a consolidation program will cost you more than the original debt.
Consolidation does nothing to reduce your debt. All it does is move your debt from individual credit accounts over to a loan. That process is not conducive to freeing up the money you need to pay your bills on time.
Debt Settlement Is Your Answer
Debt settlement is a debt relief process that attacks your account balances and gets you on the path to paying down your debt. When you pay down your debt, then you have more money each month to pay your other bills.
Debt Settlement Helps You Analyze Your Debt
The first step a professional debt settlement expert will take to help you address your obligations is to get you set up in a personal budget. A debt negotiation expert knows that helping you pay off your debt is only part of the solution. The rest of the solution is making sure that you do not build up that much debt again.
The debt negotiation expert will help you to develop good spending and saving habits that you can use when your debt is reduced. Before you even get involved in the debt settlement process, you will already have a better understanding of how to pay your bills and get out of debt.
Eliminate Your Debt Quickly
The point of debt settlement is to eliminate your debt by negotiating low payoff amounts and then developing a monthly payment program that pays the debt off. Because the debt professional eliminates up to 50 percent of your debt, you will find that you have hundreds of dollars available each month that you did not have in the past.
The extra money that debt settlement frees up for you can be used to pay your bills. It only takes 24 to 48 months to complete a settlement program. Once the program is complete, you are debt free and able to handle your monthly finances.
When you are trying to pay your bills, you need real solutions and not more payments to worry about. A debt settlement program is the best debt relief program to use when you need to free up money to meet your monthly obligations.
You do not need good credit to get approved for a settlement program and you will enjoy the benefits of lower debt right away.
Fill out the form on our website and let us get you started on a plan that will let you pay your bills and have you debt free in a matter of months.