One of the goals for consumer’s in today’s economic climate is to improve their financial condition. Consumer’s are buried under a mountain of unsecured debt and their largest asset, their home is losing value.

So what does the consumer need to did to get back on track?

Here are five options to consider:

One option is to continue to pay the minimum monthly payments to your creditor for the next 10 to 15 years. This does not eliminate the debt it will continue to climb depending on your interest rate.

The second option is debt consolidation loan which is another way of dealing with your debt by consolidating into one monthly payment. But this does not eliminate your debt only adds to your problem.

The third option is Bankruptcy. But this is not a pretty way to go for the consumer. As the law’s have changed over the years, it’s not as easy as it once was. You need to contact a lawyer to discuss the differences between Chapter 7 and Chapter 13.

The fourth option is credit counseling/debt management. This is a program offered through non-profit credit counseling agencies. Basically they work out a plan with your creditor in which you pay a specific amount each month and the monies are divided between your creditors.  Again, this is not eliminating debt along adding more interest and to your debt.

The last option to consider is debt settlement.  This is a program in which a third party acts on your behalf to negotiate with your creditors.  Each month you set aside a certain dollar amount as that amount grows, the third party starts negotiating to settle your debt. This process can in some cases eliminate up to 50% of your outstanding debt. 

Debt settlement is a better way to proceed with getting out of debt.

In today’s economical times people are holding on to their credit cards instead of cash. Many credit card companies have issued credit to almost anyone who has a job.  People are getting accustomed to using their cards more than what they can afford  or perhaps out of necessity.   What seems as a small innocent purchase has suddenly snowballed in to a situation with no end in sight.

You are in a financial situation that you could not have foreseen the outcome.  If you don’t pay your credit card bills – what happens next.

First, you will receive written notices and calls from the credit card company as a reminder to pay your bill. Needless to say, interest and late fees will continue to escalate.  If you do not acknowledge the calls or written notices your account will then be assigned to a collection agency.

The collection agency will use tactics of calling you day or night with harassing   methods to collect the debt owed.  In addition, the collection agency will tact on their service fees as well.  If you do not make an effort to pay, legal action can be taken.

Debt Settlement is the most cost effective option to pay off  your credit card debt without having to file bankruptcy. If you file either a Chapter 7 or 13 the bankruptcy will appear on your credit report for 7-10 years.

We understand the stress and struggle of living with overwhelming debt and our goal is to reduce and consolidate your debt so you can begin to live your life you’ve always dreamed about.

Debt Settlement will allow you to make one single payment into a trust account in order for your creditors to be paid off.

Understanding how we got into this problem and finding ways to resolve the problem is the first step in giving you  a piece of mind.

There are basically  two types of debt -unsecured (i.e., credit cards, medical bills) and secured (i.e. mortgage, auto, RV and boat loans).  The debt which causes us the most problem is the unsecured debt on your credit cards.

The credit cards were flexible and easy to use for everyday expenses. But something happened along the way, I started just paying the monthly minimum and my balances continued to grow.  The interest rate  and fees increased on your credit card. That is no longer acceptable because you are drowning in debt.

Do you have more than $5,000 in credit card debt on more than 3 credit cards and live in California? One of your options is to consider debt settlement negotiations.

Why select debt settlement negotiations as an option to dig yourself out of debt.  You are not looking to file bankruptcy or run away from your obligations. You just want to pay your bills but the combined monthly minimum payment  are brutal! You want assistance from your credit card company but they are not willing to be flexible with or lower your monthly interest rate.

An experienced debt settlement company has the resources and the ability to negotiation on your behalf.  They will work with you to structure a plan that fits your current financial situation.  The way for debt negotiation to be successfully is the consumer faithfully following the plan.  The financial plan may take as little as 12 months or more than 48 months depending on your outstanding unsecured debt position.

It may be tough in the beginning to made concessions and accept the fact you have a problem.  But once you understand the problem and the solution to your credit card problem the easier your life will be for you and your family. This allows you to  get started placing the money into a saving on a monthly basis. You will begin to build up the monies needed to pave the way for the debt negotiations settlement process to work for you and your family.