The many faces of Debt Relief
There are options out there
Don’t think for a minute that Debt Relief itself is limited to some kind of system that we have in place to help you get your debt removed. Instead, debt relief can take many different forms and you can utilize it in many different paths. It’s best to look at it not so much as name but rather a description. Debt relief entails any action you can take on your behalf to relieve of yourself of at least some of your debts. Within that sphere there are a variety of options, many of which would likely worsen your situation, and some would even put you back decades in terms of your financial progress. Just to be sure, let’s take a look at a few of the ways you could hypothetically go about reducing your debt and see which program would be best for you.
The main contenders
There is a potentially infinite number of options at your disposal, but we’ll quickly go over the main contenders. To begin, let’s start with the most popular of all the options: filing chapter 7 Bankruptcy. Filing for chapter 7 would be a great way of getting all of your unsecured debt cleared by the courts. What’s the catch? Oh, just the liquidation of all of your assets and a black stain on your record and credit for years. Filing for chapter 13 is slightly different. Rather than just have your unsecured debt wiped along with your assets, they courts will take possession of your bank accounts and essentially strip away your right to handle your own money. There will be a trustee appointed by the courts to manage your money to pay off creditors. If that wasn’t bad enough, the process could take up to 5 years.
Another possible solution to your problems is debt consolidation. Within debt consolidation, you’ll have a third party act on your behalf in trying to negotiate down your interest rates and debt payments. There are a few major problems with this solution. First, the process takes twice as long as debt settlement, which leads many who start off with debt consolidation to later abandon the idea all together. However, for many the damage had already been done because the fact that you have a third party acting on your behalf in that case is reported to the credit bureaus and your credit goes south quite quickly. To cut to the chase, let’s get to Debt Relief.
Our Debt Relief program is the quickest and most reliable alternative
Beware of getting lured into other misleading or otherwise treacherous programs offered by shady companies or direct from the creditors themselves. Our Debt Relief program utilizes the most tried and true methods for getting our clients’ debt wiped clean in the fastest manner possible, all without having to part with your assets or taking a 10 year stain on your credit report. If this sounds like it might be for you, just shoot us a call. You won’t regret it.