Debt relief is possible even if you are overburdened with debt!!!
If you're in stress managing your credit cards, medical bills, payday loans and other bills, debt relief programs can help you out of this situation. There are several debt relief programs such as consolidation, settlement, debt management, etc. You can find the best out of these options by going through no-obligation free debt counseling.
With proper help you can
- Lower your monthly payments
- Reduce interest rates
- Waive late fees
- Eliminate collection calls
- Avoid bankruptcy
- Have only one monthly payment
- Become debt free
FREE counseling and analysis form
Toll Free
800-DEBT-913
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5 debt relief options - How to use them to your benefit
Watch out for the 5 emergency debt relief options listed below and find out how best you can use them to your benefit.
- Consolidation program: If you are looking to lower rates and monthly payments on your bills, you can enroll in a consolidation program offered by any of the debt relief USA companies. The companies negotiate on your behalf to provide you with the following benefits:
- Reduced interest rates
- Low monthly payment
- Reduced or waived off late fees
- Single monthly payment
- No harassing calls from creditors/CAs
- Credit card consolidation: If you cannot manage your credit cards effectively, you should go for credit card consolidation. Using such credit card debt relief programs, you can consolidate multiple credit card bills into a single payment each month. A debt relief USA company can work with your creditors and help you consolidate credit cards.
- Bill consolidation: If you've fallen behind on medical bills, utility payments and others, bill consolidation can help you overcome the debt burden. Credit cards, store cards and personal loans can also be included in such debt relief programs.
- Debt settlement: This is a program wherein a settlement company negotiates to reduce your debt amount by 40-60%. Settlement is one way of getting credit card debt relief especially if you have too many cards and cannot pay even the minimum monthly installment on each.
The benefits of settlement are:
- Single monthly payment
- No/reduced late payment fees and over-limit charges
- Avoid lawsuits, wage garnishment etc
- Creditor and collection calls stop
- No need to file bankruptcy
- Debt management: It is a program where a credit counseling agency analyzes your financial situation and negotiates with your creditors. The purpose is to help you pay off your dues comfortably. Instead of paying your creditors, you send in your monthly payment to the credit counselor. The counselor distributes the payment amongst all your creditors.
With debt management, you get the following benefits:
- Reduced interest rates
- Low monthly payment
- Waived off late fees and extra charges
- Avoid creditor/collection calls
- Self repayment plan: This is where you take the initiative to manage your dues without taking help of professional debt relief programs. What you do here is, list down the unpaid accounts, prioritize them and then prepare a budget so that you can pay off bills and manage your daily expenses efficiently.
In a Self repayment plan, you get the following benefits:
- Pay off dues on your own
- No need to pay a third party
- Learn to budget & manage your finances
- Bankruptcy: If you cannot settle dues with your creditors, filing bankruptcy may be your only way out of the problem. However, bankruptcy should be your last resort as it ruins your credit history and makes it difficult to qualify for loans and credit. So, its better if you can avoid bankruptcy and try out any of the debt relief programs available.
Debt relief is possible even if you are in excess debt. But you shouldn't just wait to see things changing for you. Take the initiative and talk to your creditors. Speak about how much you can afford to pay them. If required, take professional help for consolidating or settling your dues. You can get your finances back on track once you reduce your debt burden and plan how to use your money.
Related Forum Discussions
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#1
11-01-2005, 01:51 PM
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Join Date: Nov 2005
Posts: 1
Credits: 273
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Sub:
Debt relief is possible even if you are overburdened with debt!!!
Is it possible to find a debt relief organization that will tackle payday loans?
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#2
11-01-2005, 01:58 PM
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Hi heavye5150
We are sorry of not able to provide you with the service of payday loan consolidation. However, you can find some companies in this forum taken by our members for payday loan consolidation. Regards Mike __________________
Happy friendship day/week/year to you ... be my friend.
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#4
11-01-2005, 02:53 PM
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There are very few debt relief usa companies that are doing payday loan consolidation these days. At this situation, it will be better to talk to your lenders and request for a payment arrangement. If you can advance some money along with your proposal, they will be more willing to work with you.
Remember, you need to take care of your credit file as early as possible. These loans will present a bad view in front of your lenders making it tough in getting new credit. So, you have to make arrangements and clear off the accounts.
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#5
11-01-2005, 07:10 PM
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American Financial Solutions thru CareOne handle payday loans.Has anyone ever gone thru this company?
If so,are they a good one? __________________
"No amount of time can erase the memory of a good cat, and no amount of masking tape can ever totally remove his fur from your couch." Leo Dworken
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#8
11-16-2005, 12:25 PM
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Junior Member
Join Date: Nov 2005
Location: Texas
Posts: 48
Credits: 3,715
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Town & Country
Try Googling for Town & country Acceptance Corp.
I've just contacted them, at the Alabama number. I was given a toll-free line, then with just a few questions, I was given a proposed amount and they are mailing all information for me to review before signing me up. Good Luck to you! I myself have learned my lesson regarding payday loans, and will NEVER take another one out. It's not a solution, it's just extending and building the problem.
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#9
12-21-2005, 06:15 PM
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Join Date: Dec 2005
Posts: 9
Credits: 286
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How long does it usually take for them to take over the payday loans? Weeks? Days?
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#10
12-22-2005, 07:10 AM
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Senior Member
Join Date: Dec 2005
Posts: 3,666
Credits: 36,602
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I just signed up with them myself a few days ago. They get the information from you about your creditors, set up a payment plan, and go from there. It just depends on how many you have and how much they are. It's a lot cheaper than paying all of those finance and rollover fees. I'm determined to see this through and stay away from these loan sharks.
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#11
12-22-2005, 09:39 AM
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Senior Member
Join Date: Nov 2005
Posts: 3,141
Credits: 46,691
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Word to the wise, STAY AWAY FROM PAYDAY LOANS. They lead to financial ruins. I am hoping that the proper authorities will shut all payday loan places down. This was a very hard lesson learned.
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#13
01-09-2006, 04:53 AM
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Senior Member
Join Date: Mar 2005
Posts: 4,127
Credits: 51,500
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Hi notell39
Welcome to the forums. When you have included your accounts in the debt relief program, your credit starts taking a good shape. Your creditors will receive regular monthly payments from your creditors and this is updated in your credit file. Delinquent accounts will become current through this program and you can pay them through easy monthly installments at lower rate of interest. Don't miss your payments when you have included your accounts under the relief program. The consultant has negotiated with your creditor to reduce the total amount of your debt making it easier to be paid. If you miss your payments in this plan, the benefits will be permanently withdrawn from you and you won't be offered it later. When you have enrolled in a relief program, your credit will be viewed more favorably than present. Take a free counseling in this website and have a discussion with the expert. He will suggest you various budgeting tips and how to achieve a debt free life in a short period of time. Regards Roxette __________________
Debtconsolidationcare offers free counseling and help, please avail the services before taking any major decisions.
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#15
01-09-2007, 02:30 PM
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Sub:
Car loans are secured loans. I hardly know any company that consolidates unsecured ones. You will have to call your creditor and explain your problems. Request them for some extensions before they decide to repossess your car.
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