Government Debt Relief?
For many residents in Ohio and elsewhere, debts from credit cards and other unsecured debts (like medical or hospital bills, utilities, or store charges) have forced them to consider government debt relief.
Though debt has become a part of life, unfortunately, it won't just magically disappear. So it's not surprising that many people are looking and hoping to find some type of "government debt grant" that can potentially help pay off their personal debts - but sadly, none exists.
However, another form of help is available called debt relief. See how it can help you. Answer a few, simple questions to get a free debt relief estimate and savings analysis, at no obligation.
While the government provided financial bailouts to banks, it does not, however, offer any type of debt grants or even grant money for consumers to help them pay off their debts or other personal loans.
Yet, in spite of the lack of government-funded debt grants, there is help available for consumers looking for debt relief. If you are also overwhelmed with credit card and unsecured debts, you may be interested in finding out how debt relief can provide you with a viable solution to pay off your debts, and give you peace of mind knowing that you still have options.
One of those options is a process known as debt consolidation - this allows you to combine multiple debts into one, simplified, and easier-to-manage payment plan made to a credit counseling agency. Another option is debt settlement, which allows you to negotiate with creditors for substantially less than what you owe.
Both options are popular alternatives to bankruptcy, which though it can provide you with a fresh financial start, can also result in severe and long-lasting consequences to one's credit rating. To find out how debt relief can help you, get a free debt relief analysis and savings estimate. It's fast, simple, and there is no obligation to you.
Advantages of Consolidating Your Debts
Debt consolidation generally begins with a one-on-one consultation with credit counselors to review your outstanding debts, your source of income, and determine how much money you can reasonably allocate to paying off your debts. With a clear picture of your finances, credit counselors will typically develop a game plan and speak to your individual creditors asking for more lenient payment terms - such as reduced interest rates or waiver of late fees and other fees. Creditors that agree are then placed into the debt management plan or DMP.
The goal is, with a more structured and more affordable payment plan, you can hopefully direct more of your payment into paying down the balances on your debts rather than just the interest. In addition, if followed faithfully, debt consolidation can help you get back on track and pay down your debts at a more accelerated pace.
For many consumers, even though the government doesn't provide debt relief - debt consolidation through credit counseling does offer one, easier-to-manage payment which, for many, is preferable to having multiple bills to deal with every month.
If you are interested in finding out more about debt consolidation or your other debt relief options, request a free debt relief estimate and savings quote. Start now.
What About Debt Settlement?
Another viable option, for many consumers, is debt settlement - a legal and feasible way for you to try and negotiate with creditors for a substantially reduced debt amount. Many consumers in a debt settlement program are typically advised to stop paying their credit card bills so they can accumulate funds, over a certain period of time, which can be later used to make a reasonable settlement offer.
In many cases, creditors may threaten to take legal action against consumers that default on the terms of their credit card agreements. Many of these consumers, as a result of non-payment, will typically see their credit scores plummet.
Yet, in spite of the potential risks to credit scores and the possibility of getting sued, debt settlement remains a popular alternative to bankruptcy - which can have a more devastating and longer lasting impact on personal credit.
Choosing a Debt Relief Company
If you are serious about taking steps towards eliminating your credit card debt as well as learning budgeting skills, a reputable debt relief company can help. Make sure that you do your due diligence when researching potential companies, and find out about their customer service track record.
The bottom line is, if you are overwhelmed with debts and want to regain control of your life, there is help available. Though government grants for debt relief aren't offered, there are a number of proven relief options - including debt consolidation and debt settlement.
If you're ready to take the next step in regaining control of your life, answer a few questions and receive a free debt relief analysis along with a savings quote - at no obligation.