Debt Relief Options
Bankruptcy
Thinking about filing bankruptcy? You’re not alone. Thousands of people file for bankruptcy every month. At its best, filing bankruptcy is a very complex thing to do. Even though it is complex, it can be necessary. You’re likely to have question after question and the best place to find answers for your specific situation is with a bankruptcy attorney. If you’re looking for general bankruptcy information, you’re in the right place.
Cash out Refinance
Account Validation
Buying a home is probably one of the biggest investments you’ll ever make, and you likely want to do everything you can to make sure your home is as comfortable and up-to-date as possible. But it can be tough to build up the necessary savings to complete home renovations and repairs.
A cash-out refinance may be your answer. It can help you accomplish your home improvement goals, so you don’t have to rely on credit cards, a personal loan or a second mortgage.
Debt Resolution, also known as Debt or Account Validation, refers to a consumer’s right to challenge a debt and/or receive written verification of a debt from a debt collector. The right to dispute the debt and receive validation are part of the consumer’s rights under the United States Federal Fair Debt Collection Practices Act (FDCPA). Upon disputing this debt, if the creditor cannot verify the debt, then they cannot collect on the debt.
Credit Counseling
Debt Management Plan is a program where you make one monthly payment for all creditors through a licensed service agent that has lower, pre-negotiated, fixed rates with your creditors. Typically the rates are between 4% to 9%. In a Debt Management Plan, you will be paying back 100% of the debt that you owe but you will be paying back at a much lower interest rate.
Debt Consolidation
A debt consolidation loan is a viable option for a consumer who has a low debt to income ratio, high credit score, and sufficient income. If the bank is willing to give you a loan with a low-interest rate – in this case, debt consolidation is an excellent option. If you can replace bad debt with good debt – go for it! Debt consolidation loans can pay off everything from your car payment to credit card debt. You take out one loan to pay off all your debt.
Debt Settlement
Debt negotiation, also known as debt settlement, can help you to resolve your bills within 3-years or less (the average).
Working with a company, you make monthly deposits into an account. The company negotiates with your creditors to accept less than the debt owed. That amount is then paid to creditors, from the account you deposited into, until the debt is resolved.