National Debt Relief can help you get out of debt without a debt consolidation loan
The growing statistic of Americans facing mountains of debts is alarming. Most of these debts are unsecured debts that just keeps piling up. These consumers know that they need a form of debt relief but they are not really sure how. Too many consumers believe a debt consolidation loan is the answer but keep reading to learn why that may not be the best choice. See why debt settlement may be a better alternative than debt consolidation.
If you are getting tired of all the harassing phone calls, the threatening letters and the stress you go through day and night, then you need NationalDebtRelief.com – a Better Business Bureau accredited debt and credit counseling company in New York, NY. We can help you through debt relief across the US. It doesn’t matter if you are unable to meet your minimum payments or you have been delinquent for the past few months. You have hope to get yourself out of your debts and see the light at the end of the tunnel because debt relief is here!
We are here to help you understand your different options – debt consolidation, debt settlement, debt management and bankruptcy – and choose the path that will lead you to financial freedom!
Consolidate and Reduce Your Credit Card Debt
National Debt Relief is a leader in terms of getting consumers out of debt the right way with debt settlement and debt negotiation. We provide a debt reduction plan that may be able to lower your outstanding balances – thus lowering the monthly payments and possibly the interest rates as well. Our aim is to help you pay off your credit card debts so you can save thousands in the process.
Credit Consolidation Companies Help Settle Your Debts
The decision to opt for credit consolidation is entirely up to you. There are other debt relief options like paying the minimum or going through a personal debt payment approach. However, if you want to settle your debt faster, credit card debt consolidation can accomplish that for you. This may be a life-saving decision that will give your debt-ridden life direction. Choose debt consolidation through negotiation and begin the road towards settling your debts.
When you use National Debt Relief for debt settlement services, here is what you can expect:
- A team of dedicated debt professionals who will work on your behalf to negotiate a lower balance with your creditors.
- You will start making a single monthly payment with an amount that you can afford – as opposed to the huge and varied payments month to month. We will help you arrive at an amount that your finances can handle and that will be placed in an FDIC insured trust account to accumulate and eventually help you settle your debts.
- You may see a significant difference on your debt amounts within a short time of starting your debt settlement plan with us. Within 24 to 48 months of working with us, you can expect to settle your debts through a payment plan that you can afford and live with.
- Unlike debt consolidation loans, you do not need an excellent credit score to qualify.
Should you consult a debt consolidation company if you have a ton of debt?
Having a ton of debt that seems to bury you alive does not necessarily mean you should opt for bankruptcy immediately. Even applying for a bigger debt consolidation loan to cover your other debts does not really make any sense at all. If you have been a delinquent payer of your bills, your credit report will reflect that and your chances of getting a good deal on your loan will be far from happening.
Debt settlement may be the better alternative – at least, depending on your finances. But if you are considering bankruptcy, you need to hold it for a moment and see if you can find a solution through this debt relief option that is not open to public scrutiny such as bankruptcy records. A debt settlement plan can offer you a way to reduce your debts and pay for it through a lower monthly amount.
Some tips to consider before consolidating your unsecured debts and loans
- Choose a debt relief company that is duly accredited to provide you with credit relief services and guide you through a financial management program.
- Enroll in a debt relief program only after the debt professional has studied your finances and you fully understand how the option will help you get out of debt.
- Never go for a debt relief company that requires an upfront fee.
- Make sure the service charges and fees are explained and understood before you begin the program.
- Use a debt settlement calculator to compare different debt relief plans and find out which option will give you the best chance of achieving a debt free life.
Getting Credit Card Debt Relief is a reality!
Looking at your bills and payments may get you to think that all is lost and financial freedom is just a dream that will never turn into a reality. Well that is where you are wrong! The sooner you get help the better.
While credit card debt is consuming the average American finances slowly, credit card debt relief is real. A lot of people have successfully gone through a debt settlement program.
What debt negotiation or settlement will do is to combine your payments into one amount that will be based on what you can afford. You can choose the plan that you can comfortably pay. This can be lower than what you are paying and free up more cash each month.
When you are enrolled in a debt settlement program, you do not have to pay a single dime to the debt relief company until you see results and relief from your creditors. If you are not satisfied with our debt relief program , you can cancel it anytime – no penalties or fees will be charged with this cancellation.
Compare debt settlement to secured and unsecured debt consolidation loans
At some point, you will think that getting a bigger consolidation loan to cover for all the other debts is a quick fix. A secured debt consolidation loan will mean you need to put up collateral that will be in danger of being taken if you cannot pay the dues of this new loan. The other alternative, an unsecured consolidation loan will not require collateral but you have to put up with high interest rates that could get you to pay a higher amount than your original debt. Both debts will only work for you if you have a good credit score and you have a steady income to support the new loan. A poor credit score could result in a loan that has an 18% interest rate or more. A debt consolidation loan with bad credit is not a good idea due to the high interest charges.
In a debt settlement or debt negotiation program, you do not have to take out a new loan. The certified debt relief expert you will work with should look at your financial capabilities, see how much you can afford to pay and work with that amount. They will base their negotiations on your finances and eventually, help you save thousands on debt payments.
Through a debt settlement program, the chances of you being free from credit card debt in 24-48 months is higher than other debt relief options (apart from Chapter 7 bankruptcy, of course).
Are you considering bankruptcy instead of debt consolidation? Read this first!
Contrary to the previous bankruptcy laws, you cannot file for bankruptcy and make no payment on your debts. With the emergence of the Chapter 13 bankruptcy law, filers will be subjected to a means test that will determine if they will fall under the qualifications of a Chapter 7 or 13. If they fall under the previous, their creditors can no longer go after them. But if they fall under Chapter 13, they will be subjected to a payment plan that is signed by a judge. That is on top of the very damaging credit score that will stay on your report for the next 7-10 years. Not to mention a matter of public record.
In truth, all debt relief options will have an effect on your credit score. However, it is in varying degrees.
There is no one formula to debt relief. You choose what works best based on your finances and where you will qualify. Not every consumer who wants to settle can be approved. With National Debt Relief, we only accept those who are in a real financial crisis.
Take the first step today. Give us a call now to get a free debt relief quote. No obligations of commitments. We just want to help you figure out how you can achieve a debt free life.
I am an associate at National Debt Relief, which is a Debt Consolidation Company that has helped thousands of Americans facing credit card debt problems. We help with debt settlement, debt management, and other debt related financial crisis' facing consum