Why do I need "Debt Solution"?
- Author Nick Lu
- Published April 17, 2010
- Word count 368
Life has gotten more complicated without the worry of outstanding debts and credit cards. According to a 1992 Federal Reserve study, 43 percent of U.S. families spend more than they earn. In another Fed reserve study, almost one out of every 100 American households files for bankruptcy during their lifetime. 90% of Americans are relying on credit cards for shopping and other transactions. Many consumers fall in the trap of Creditors and find they spend more than they make on a monthly basis. If credit cards aren’t paid off monthly, they accumulate with high levels of interest quickly. There is same case where debt is necessary such as buying a housing, car, or education loans.
Many people today are not aware of risks related with their unpaid debts. Credit card companies can ruin your credit and in some cases take your unpaid credit card payments to court. Debt settlement under and an attorney-based model can offer the protection needed for consumers facing a difficult situation with Creditors. The best option is to consult a debt settlement firm.
What is Debt Settlement or Debt Negotiation? It allows consumers to pay back a portion of the amount owed in 12 to 60 months. For example, if your behind on payment with your high interest rate credit cards, this can take up to 33 years to pay back. Through debt settlement consumers can be placed on a low monthly payment plan and pay off the debt at roughly 50% of the debt. Debt Settlement programs help to make the payment terms within your budget so you can get out of the burden of living with credit card debt.
The debt settlement programs help you settle all types of debt. Most of the settlements are credit cards because most consumers are over extended on unsecured credit card debt. The Debt Solution provider can settle many types of debt as mentioned below.
- Credit Cards
- Unsecured Loans
- Unsecured Personal Loans
- Unsecured Personal Lines of Credit
- Collections
- Autos in Repossession – deficiency balance
- Medical Bills
If you want more information on the debt settlement service then read articles from us on the internet. In addition, you can also consult a Debt Settlement counselor; just search on internet for keywords such as: Debt Settlement, Debt Negotiation, Debt Settlement Company etc.
Equistar Debt Solutions have trained Debt Consultants will implement a reasonable strategy to best fit your financial needs. To be debt-free, call now at 866-377-8271 or visit www.equistardebtsolutions.com
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Effective Strategies for Paying Off Your Mortgage Faster
- How Does Equity Release Work?
- Florida First Time Homebuyer: The Indispensable Guide of Tips, Programs, and Resources
- How to Become Debit Free?
- Sellers Concession the Closing Cost Option
- Financing Short Term rentals with DSCR loans
- Why move to Roseville CA
- Simple Interest Mortgage Advantage
- Are Low Doc Commercial Loans available in Australia
- How to Obtain a Rural Agriculture Loan Quickly and Easily
- What is a Caveat Loan?
- Tips for improving your Credit Score before getting a Home Loan
- 3 Things To Look out for With An Equity Release Mortgage
- Manage your Debts by Refinancing your Current Home Loan
- How to Get a Home Loan with Unusual Employment or Income?
- 20 Effective Debt Consolidation Loans Tips with Bad Credit
- Tips for Choosing a Non Conforming Lender
- Why is a Good Credit Rating Important in Australia?
- Most Common Ways That People Fall Into Personal Bankruptcy
- How to Choose a Consumer Credit Counseling Agency?
- Consolidate Your Debts and Take Control of Your Finances
- How to get a Home Loan due to a Bad Credit Report
- Debt Consolidation Home Loans are a Solution to Multiple Debt Problems
- Facts You Should Know About Low Doc Home Loans in Australia
- No Doc Loans from Private Lenders
- Home Loans to Consolidate Debt for People with Bad Credit
- How Can I Get a Mortgage If I Have a Bad Credit History?
- Guidelines to Fix Bad Credit Effectively Through Dispute
- Dealing with Debt – What to know about Debt Consolidation
- Investing In Yourself Before Investing in the Market