Debt settlement is a method of debt elimination
for less than the amount actually payable to the creditors. This is best suited for those who want to Get Out of Debt Fast. During the course of this process, you save the money on a monthly basis. When you have saved at least 50% of the total amount, we negotiate with your creditors on behalf of you. This process is also known as Debt Arbitration
or Debt Negotiation
and it can be a good bankruptcy alternative
. Please try our Get Out of Debt Calculator
to find out how soon you would be Debt Free.
There are two types of personal bankruptcy: Chapter 13 and Chapter 7.
As of April 2006, the filing fees run about $274 for Chapter 13 and $299 for Chapter 7. Attorney fees are over and above and vary from state to state. Personal bankruptcy usually does not erase child support, alimony, fines, taxes, and some student loan obligations. And unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy usually does not allow you to keep property when your creditor has an unpaid mortgage or lien on it. We are extremely confident that we can assist you avoid bankruptcy.
It is possible today to Eliminate Credit Card Debt
and Eliminate Mortgage Debt
. All you have to do is find available options and work on them.
Consumer Credit Counseling Service
If you are not disciplined enough to create a monthly budget and follow it religiously, do not have the time to follow up with your creditors on a monthly basis, or cannot keep a track of your monthly bills, consider contacting a Consumer Credit Counseling company. Many Consumer Credit Counseling companies are non profit and work with you to solve your financial problems. Your financial institution, local consumer protection agency, friends and family also may be good sources to gain information about a reputable Consumer Credit Counseling organization. Consumer Credit Counseling allows you to pay back credit card debts at lower interest rates but you still pay back the full debts plus interest. Consumer Credit Counseling will save you money on Credit card and other unsecured debts. Consumer Credit Counseling often will not accept credit card debt which is late more than 60 days.
Credit Card Debt Consolidation
Debt Consolidation is a service provided by Consumer Credit Counseling organizations nationwide. It works the same as Consumer Credit Counseling. If you are not more than 60 days late on your bills, the Consumer Credit Counseling organizations work out with your creditors and reduce your interest rate. You have to pay back complete debts but at a lower interest rate.
Eliminate Debt, Eliminating Debt
is not a difficult process. Though there are some basic concepts that you need to know in order to fully recognize its cost. If you think that debt consolidation might be the answer to your debt problems and you want to know more about it, Call Us at - 1-800-252-2313
We do not intend to do a methodical explanation of compound financial concepts but to give an idea of what you are facing when your debt grows too much and you need to reduce it. Debt consolidation provides the necessary tools for debt reduction and aids people to manage their finances more competently.