5 Options To Take Back Your Life
Option 1 - Pay the debts off yourself
If you are in a financial position to take care of the debts yourself, this is your best possible scenario.
Option 2 - Consolidation/Consumer Credit Counseling Services (CCCS)
The banking world has developed a brilliant marketing concept of home equity loans to help "consolidate" your outstanding debt, known as Debt Consolidation. They sell you on the idea of a lower overall interest rate and a better tax break, but does the debt ever really get paid off? This concept is merely robbing Peter to pay Paul. Does it make sound financial sense to take unsecured debt and secure it with your most valuable asset, your home? CCC organizations were originally set up by Visa in the early 1980's as a means of recovering money from thousands of people that were starting to fall behind on their payments. Truth is, over 50% of all people who start a CCC program never actually complete paying off their debt.
Option 3 - Bankruptcy
Bankruptcy is a permanent decision that should only be considered as an absolute last resort to solving your debt matters. Bankruptcy will follow you for the rest of your life.
Option 4 - Debt settlement
Debt settlement offers you a positive solution to becoming debt free within a realistic time frame. By reducing your total outstanding credit balances 40-60%, consumers can reach their goal of financial freedom and regain control of personal finances by negotiating the total balances owed, rather than just reducing interest. Debt settlement is becoming the only positive option that creates an environment that totally benefits the consumer.
Option 5 - Do nothing
In order for something to change, you must change. The definition of insanity is to do the same thing over and over again and expect a different result. If you had a way to eliminate your financial problems, you would have done so. Think about your options and make the best decision for you and your family. Remember, this is your financial future and no one else's. If you are ready to discuss your options and take your next step towards financial freedom, please contact US Debt Resolve and we will have one of our experienced Debt Analysts customize a program and a budget just for you.
Our Debt Relief Option
