Do you have too much debt?
Are you failing to take action because you aren’t sure what to do? Should
you hire a debt counselor? Consolidate your debts? Declare personal bankruptcy?
We don’t blame you for being confused. In truth, there is no single “best
way” to deal with debt that works for everybody. What you need
to do is find the alternative that works best for you. If you think you
have too much debt, here is a list of possible alternatives:
Do Nothing
Falling into debt is an emotional issue and oftentimes you can panic
and think things are worse than they are. We’ll show you how
to know if you are really in trouble.
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Debt Counseling
Many people get into trouble because they don’t understand how
to control and manage debt. This approach provides education and a helping
hand.
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Debt Consolidation
If you are tired of paying high interest rates, want one monthly
payment or you are delinquent and need help bringing your bills
back to a current status, debt consolidation may be the program
for you.
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Debt Settlement
This is an alternative that may work if you meet a certain credit
profile. It involves hiring a debt settlement professional who will
negotiate with your creditors to reduce the total amount of your
debts ( usually by 50% to 75% of your total debt ) and negotiate
a single payment per month to pay down the new reduced debt balance.
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Personal Bankruptcy
Your right to a second chance by having certain of your debts forgiven,
is granted to you by the U.S. Constitution. While deciding to declare personal
bankruptcy is a serious decision, it an alternative that is being used
by record numbers of Americans. Does personal bankruptcy make sense for
you? |
How do you decide which is best for you? The National Debt Referral Center
can help you decide by discussing all your options and providing you with
the appropriate referrals. There is no charge to you for
our service and no obligation to buy services as a result
of our referral.
To find out more about this or any of the other alternative solutions,
please complete this simple form. Or call toll
free Monday thru Friday 12pm to 6pm EST at (800) 583-2043.
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