Like millions of Americans, you’re probably drowning in credit cards and other unsecured debt!
Recently it was written that "the recession is over"- I say nonsense we are all facing a recession on a personal level. From the mid 40’s till just a few years ago our economy here in the USA depended on our willingness to go further and further into debt. As our wages rose, during the first half of that period it helped in supporting our consumption, but as time passed, more and more of our spending was based on credit, not on our earnings, And in the end, Consumers were left feeling the squeeze of debts such as; credit cards, medical bills, personal loans, collections account and others.. The fact remains that we all weren't earning more money it just seemed that way because of credit...
Maybe it's the state of the economy all over the world? But with the current state of things as they are, people just like you and me are now up to their ears in debt. A good choice for all of our consideration is Debt Settlement. Debt Settlement is what happens when you reduce the amount of your unsecured personal debts through creditor negotiations. Debt Settlement is proven to be much more effective than merely reducing interest rates, as is the norm with Debt Consolidation and Credit Counseling. As a consumer, now is the time to use debt settlement as a weapon in your arsenal to rid yourself of debt once and for all. If you reduce the actual debt balance, Debt Settlement provides a much faster means of becoming debt-free.
So you ask yourself, what can you do?
Let me tell you about the 5 choices you have to eliminate your unsecure debt;
Choice # 1 File bankruptcy:
This is probably the worse option of all. The bankruptcy law has changed and is now making it very difficult to file chapter 7. To completely liquidate all of your debt you must file chapter 13 and pay that debt over a 5 years period. As well as bankruptcy is going to ruin your credit and stay on your credit report for not 1, not 5 but for 10 years.
Choice # 2 Debt Consolidation:
It very difficult to qualify and many don’t. They take all your debt and wrap it up into a loan that you pay over a 5 year period with an 11% interest rate. In many cases over that period you wined up paying more per month than what you are actually paying now.
Choice # 3 Credit counseling:
Credit counseling often involves negotiating with creditors to establish a debt management plan for a consumer in an effort to help the debtor repay his or her debt by working out a repayment plan with the creditor, but many mortgages lenders see this as a bankruptcy which in turn makes it nearly impossible to get a mortgage over the next 5 years after going through credit counseling.
Choice # 4 Doing nothing!
Getting out of debt and staying out of debt is not easy. Trying to get yourself out of debt on your own can be very difficult and often most unfortunately fail. It’s just a vicious circle that just goes on and on. Many of the credit cards that you sign up for are amortized over 32 years. What does that means?, well it means that if you only make the minimum monthly payment it will take you 32 years to pay that credit card off, and that’s only if you never use it again!
Choice # 5 Debt Settlement:
There’s a secret that credit card companies don’t want you to know. The truth is, it’s actually one of your rights. The secret that they don’t tell you is that you can actually eliminate your debt for as little as 45 cents on the dollar, not only that but you can also do it in a time frame that fits your budget. On average you can eliminate your debt anywhere from 12 to 36 months.
Just remember with all the possible pitfalls in getting out of debt, finding a professional to help with your debt settlement option definitely gives you a better chance of negotiating the best deal possible to help you on your way to financial independence. So stop losing sleep over your debt or not answering the phone every time it rings in fear it’s another collector, Get a no cost, no obligation evaluation of your debt problem. Just go to www.debtliminationamerica.com don’t wait go now to www.debtliminationamerica.com and start on the road to your financial freedom!
It is up to you to make the decision to be debt free! Let us help you to take back your financial life and have a debt free future!
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