Being in debt is not uncommon in this day in age and many people are looking for debt consolidation information. Often times, it is necessary to go into debt when making a large purchase or investment, such as when buying a home or car. Furthermore, making an investment in one’s future in the form of taking out education loans is another common source of debt. Credit card debt is also relatively common, with the average American holding a balance of approximately $15,000. However, when your debt begins to get to the point of being unmanageable, you may want to begin exploring options for assistance before it gets too late and you have no choice but to file for bankruptcy.
Consolidation services such as officially settling or negotiating debt with your creditors is often the best way to reduce your financial burden and feasibly pay off what you owe over time. It is highly recommended that you hire a professional and experienced debt consolidation company to offer the best chances of success when it comes to settlement; after all, the average consolidation company can reduce your repayment responsibilities by close to 50%, though this can vary greatly based on your exact situation.
2013 Debt Consolidation Reviews
If you have more than $7,500 in debt owed to your creditors, then National Debt Relief may be the right option for you. This particular company specializes in coming up with a custom solution to your financial woes based on a number of factors such as the amount you owe, your creditors’ reputation, and your financial background. National Debt Relief is known for having great customer service, so you can always count on speaking to somebody who truly cares about your financial situation and will do everything in their power to assist you. You can get started by calling toll free 1-877-369-9878.
National Debt Relief has consistently received an “A” rating from the Better Business Bureau, so you can rest assured that this is a reputable company that you can trust. For those who are understandably skeptical about spending their hard-earned money on a debt relief service when they are already experiencing financial hardship, the good news is that National Debt Relief offers free cancellation at any time. You will never have to worry about incurring additional penalties or fees, which is something that many other debt relief companies simply cannot offer with their services. Get started with a free savings estimate
For those who have gotten into a situation where they owe $10,000 in debt or more, Curadebt is a great credit card consolidation company to consider. One of the biggest benefits of going with this business is the simple fact that they offer absolutely free consultations with their trained financial experts at no obligation. Therefore, you can meet with them, see what they can do for you, and get the advice that you need without having to pay any money or commit to anything.
Another advantage to choosing Curadebt over other consolidation companies out there is the mere fact that they have experts who specialize in a variety of financial situations. For example, if you find yourself deep in debt as a result of taxes you owe to the government, you can be sure to be paired with a financial expert who has specific experience with your unique situation. From there, he or she will take the time to get to know your specific financial situation, what your debts are, and how much you owe in order to come up with a viable game plan for getting your debt reduced and paid off in a reasonable time frame.
Even though this is a relatively new company, they have proven themselves to be quite successful since their initial launch in 2007. American Debt Enders specializes in handling cases where debts accrued total $5,000 or more, though they are willing to work with just about anybody in a difficult financial situation. They offer a number of consolidation programs that can be tailored to fit a person’s specific financial situation, and their professionals are honest about the programs that are best for any given situation.
One of the best features of America Debt Enders is their informative website, which offers a lot more information regarding different debt help programs offered than many other company websites. Furthermore, they offer credit repair services in addition to consolidating your debt, which is useful for those who are looking for ways to rebuild their credit after receiving help with their debt. In most cases, this company can work out a payment plan with your creditors to have your debts entirely paid off within five years. Not to mention, they offer a variety of payment options for you to choose from so that you do not feel stuck with just one repayment option.
This financial service is a little bit different from most of the others you may have heard of in the sense that clients pay a small monthly fee of just $4.99 per month to get the assistance that they need in paying off their debts. However, one thing to realize for those considering ReadyForZero is that it is not necessarily a service to consolidate debt; instead, it is intended for those who are experiencing slight difficulty in paying more than the minimum balance on their debts each month and are looking for options to help them pay their debts down.
More than anything, this service is more of a tool that can be used by proactive and motivated individuals to get the help that is needed when it comes to paying off debts responsibly. Users can have a custom payment plan created for them based on their specific financial situation and the amount of debt that they owe. So regardless of how much debt you are in, it may be worth it to try out this affordable and innovative tool as a way of coming up with different options to may repayment easier for you.
Regardless of the specific amount of debt you currently carry, DebtConsolidationCare.com is a viable option when it comes to debt relief. This company is very upfront about their costs and fees, which is nice for those who would like to know how much the service will cost before committing to anything. Specifically, they advertise that they charge 25% of the total amount of debt relieved, which is relatively low compared to the charges and fees associated with many other companies in the industry.
Another feature of DCC that many people like is the fact that their website has an online community. Specifically, it has a forum where people just like you can post questions about their financial situation and receive responses from other users. This can be a great way for those in debt to find comfort in the fact that they are not alone while also receiving some answers to their questions. This company, like many of the other companies already reviewed, has also received a “A” rating from the Better Business Bureau. Although the company website can be a bit confusing to navigate, there is plenty of helpful information there that can be valuable to those looking for debt relief help.
OVLG will also work with those who carry any amount of debt that they are having a hard time paying off. However, unlike some other debt relief companies, this particular group is registered with the state of California Bar Association, so you can rest assured that their financial experts are familiar with all of the ins and outs when it comes to debt laws and regulations. You may also pay more for using the services of a debt settlement attorney. They can use their knowledge to your advantage when it comes to working with creditors to reduce your total balance owed.
Furthermore, in comparison to other debt relief companies, Oakview Law Group has a relatively high level of customer satisfaction at about 71%. Their experts also have six years of experience when it comes to negotiating debt, and they offer a 100% money-back guarantee on their services. Therefore, you can enjoy the peace of mind in knowing that, if you are not satisfied with the work that they do for you, you can be entitled to your money back. They are also known for transparency in their work, meaning that these debt settlement lawyers will keep you updated as your case progresses so that you will never feel as though you are uninformed or “in the dark.”
No matter how much you owe to your creditors, Accredited Debt Relief is another company that will work with you to reduce your debts. Even if you owe over $100,000, their experts will be able to come up with a plan of action that can work in your favor and eliminate some of what you owe. One of the best features of this company’s services is the fact that they require no up-front fees. They actually do not ask for any form of payment until you debts have been settled, which can take as little as 24 to 48 months.
Not to mention, by working with this company, you can have your repayment plan worked out so that you pay just one low monthly payment as opposed to having repayments that change over time. This will help to make repayment of your debt more manageable while also saving you money in the long run. Finally, their website is easy to use; all you need to do is fill out a brief informational form located to the right side of the page in order to get started with your debt relief services. This asks for basic information such as your name, contact information, the state in which you live, and the amount of debt you find yourself in.
Overall, there are plenty of credit card consolidation services to choose from. By taking time to read the above reviews, you can be better informed and ultimately make the decision that is best for you and your financial future.
What to Do When You Are Drowning in Debt
While it is relatively normal to carry a small amount of debt at any given time, even a small credit card balance or other kind of debt can easily spiral out of control with just one missed payment or one frivolous purchase. Therefore, if you are beginning to feel as though you are drowning in debt, you may be wondering what you can do to get the help you need.
The key is to act quickly; as soon as you begin to realize that you are having problems paying off your debt, you will want to seek professional assistance. The same applies to situations where you are only able to make the minimum payment on your debt and are concerned that interest will keep accruing until it gets to a point where your debt is completely out of control. By acting quickly, you can prevent future debt from accumulating, begin to gain control of your financial future, salvage your credit, and ultimately save yourself from being in a situation where you need to file for bankruptcy.
The best plan of action to take when you are in need of debt assistance is to hire a professional debt consolidation company. This is a company that will analyze your specific financial situation and then work with your creditors to not only reduce the total amount of balance on your debt, but to come up with a repayment plan that works based on your current income and other financial factors. In many cases, you can eliminate close to half of your debt by working with a consolidator, and you may even be able to lower your interest rates. Furthermore, most consolidation plans make it possible to pay off all of your debt in its entirety within five years or less. Of course, this will vary based on your unique situation.
Finally, if you are deep in debt, not only will you want to seek assistance from a debt relief company, but you may also want to seek out some resources that will help you from falling into debt again in the future. Consider sticking to one credit card and only using it for emergencies, and take the time to analyze your spending, create a strict budget, and cut out unnecessary expenses. By taking the time to follow these steps, you can work towards a more stable financial future for yourself.
How Does Debt Consolidation Work?
If you are in debt and considering the option of hiring a company to assist you, then you may understandably be wondering how the process of consolidation works. The exact process can vary depending on the company that you go with and the type and amount of debt that you owe, but there are some steps in the process that can be considered to be more or less universal.
The first step is an initial assessment of your debt situation. This will include meeting with a financial expert and disclosing your debt amounts in addition to other financial information, such as your income, assets, and the like. From there, he or she will be able to get a good idea of your current situation and should also be able to inform you as to what he or she thinks can be done for you by going with a credit consolidation service. At this point, there are usually no fees charged. However, if you decide to go through with the service, you will most likely have to pay some money up front, although some companies require no payment until after the settlement.
From there, your debt company will work with your creditors both in and out of court to get as much of your debt relieved as possible. This reduces the balance that you owe and makes it more feasible to pay off your debts in a timely manner while rebuilding your credit in the process. Once the debt is settled, you will also likely be presented with a number of options in terms of repayment plans based on your financial situation. You can then choose one that works for you and, in many cases, you can have your entire debt paid off in approximately five years or less with the right debt consolidation company.