The last thing that you would want do when you are in a debt crisis situation is to receive a bill for advice on debt. There are many debt solutions that can help you without having to pay for it- Get the advice for free.
The explosion in consumer debt brought many organizations to business by taking advantage of providing possible solutions to the corresponding problems that go with it.
Many of these organizations are highly regarded. They will truly try to assist you but unfortunately there are some that are simply scams. They will bleed you money and sometimes they even make the situation worse for you. A simple rule to follow is to try to get the advice on debt for free, and don’t work with any organization that charges you upfront fees.
One simple truth about unsecured debt can be recognized by the fact that you have difficulty meeting your monthly obligations. Note that you may have a debt predicament even if you are able to meet your monthly payments. A classical example of debt problem is using credit from one source to pay your other debts. This kind of debt problem can very quickly get out of hand.
Before your situation gets out of control, you should do something about it. You could write your creditors a letter and explain your current situation and the difficulties that you are facing.
You may negotiate for a reduced payment for a certain period of time and deal with everything yourself. This would be possible if you have a debt problem that is not so complicated, or you may anticipate it being over in a short duration only. However, it is not advised for those with large and/or long-term debt problems.
More advice on debt: speak to a debt counselor about a debt management plan. This strategy involves retaining the services of a debt management company to negotiate on your behalf with your creditors to lower your interest rates. They will evaluate your financial status and work out payments with your creditors based on your capacity to pay.
They may also get your creditors to waive unpaid interest and various fees that are typical with credit card companies. This is best for people with mid-sized debt problems.
For people with an excessive amount of unsecured debt, a debt elimination program should be considered. A program growing in popularity is debt settlement. This is the fastest method of debt elimination (other than bankruptcy). Your total credit card debt may be paid-off in about 2-4 years. Your monthly payment will also be reduced.
The last recourse is bankruptcy, the oldest form of debt solution which is almost always the last option to take. All of your debts may be written off depending on the extent of your debt but you will suffer a lot of intrusion into your personal finances.
You will only be allowed to use certain types of basic bank accounts and if you have a home it may have to be sold to pay back your creditors. However, this solution has the most serious impact on your future credit score. It is a good solution for people with extreme debt problems.
If you follow our advice on debt, there’s no reason why you shouldn’t be debt free soon.
Debt Free Solutions is a debt consulting company located in Long Beach, CA. We have been in business for 10 years. We assist Americans across the U.S. to eliminate excessive credit card and other unsecured debt.
We utilize various programs and strategies to aid them in dissolving their debt in the quickest, safest, and most efficient method possible. We also analyze the risk factor. We structure our programs to drastically minimize the risk that is inevitable with all debt elimination programs.
We offer our clients much more than a debt settlement company does. The vast majority of debt negotiation companies simply settle your debts on your behalf with your creditors- nothing more.
On the other hand, we provide free services to significantly help to minimize the risks that are involved in negotiating with your creditors.
First, we offer a free, no-risk 10 day trial service. During our free trial, we negotiate with your creditors on your behalf to lower your interest rates. Also, we research to see if you have any old debts that you are not legally liable to repay. If, for any reason, you are not completely satisfied, you simply walk away. No commitments. No contracts.
Next, we provide a comprehensive credit repair service to all our clients. This is a $795 service that is absolutely free!
Also, we offer free attorney consultation (a maximum of five sessions) in case one or more of your creditors makes any threats.
Last, we provide a written guarantee that our clients’ creditors will settle for an average of 50% or more for all of the debts they attempt to negotiate.
Our services are competitively priced- and include the above free services!
Joseph Hernandez
CEO
Debt Free Solutions
www.debtfreesolutions.mobi
(800) 668-8090
