Debt Help for Credit Cards, Medical Bills, and Other Unsecured Debt

The type of assistance you require will depend mostly on the type of accounts you owe and your specific situation. For credit card debt and other unsecured bills like collection accounts, personal loans, and hospital bills, you can choose from the following options:

Debt consolidation programs: Also known as credit counseling, these are payment plans typically offered by non-profit agencies that aim to lower your interest rates and have you debt free in four to six years. As an initial first step, your counselor will do a budget analysis and determine whether your can your debts back yourself or if a debt management plan (DMP) is more appropriate for your situation. Simply fill out a form now for a free consultation!

Debt relief companies: Another option that is available for people is debt settlement. These services aim to settle your debts for less than you owe and when successfully completed, it is possible to get out of debt in as little as 12 to 36 months. The savings potential in debt settlement is more substantial than credit counseling, but there are other risks associated with this option, such as a likely credit score hit and the potential that one or more of your accounts won’t settle. To speak with someone more about this option, submit a form now! Get absolutely free and useful advice today!

Filing Bankruptcy: A last resort for many consumers, bankruptcy is certainly an option. Keep in my mind, however, that Chapter 7 bankruptcy stays on your credit for at least 10 years, and although Chapter 13 only stays on your credit for seven years, you still have to pay at least part of the debt back to your creditors. The advantage with filing bankruptcy of course is that you can eliminate your debt completely and for less than your other options for debt help.

Debt Consolidation Loans: With this option, you take out a loan, presumably at a lesser interest rate, to pay off all your other bills. Usually consolidation loans are taken out against some piece of property, most often your home, through a mortgage refinance or home equity loan, but there are unsecured consolidation loans, although they typically come with a higher interest rate.

Get Out of Debt Yourself: Getting out of debt on your own involves preparing a budget, setting a goal or timeline for when you would like to be debt free, and then making the necessary sacrifices to ensure it actually happens. For those who have manageable debt loads, but just need to be better disciplined about paying off their credit cards, doing it yourself is always the advisable solution.

With all these solutions to choose from, why not talk to a company who specializes in these areas about how you can get help?

Submit a form now and let DestroyDebt.com match you today!

Or visit our web forums and find answers, ask questions, or get involved with a large community of people with the same goal as you – to get out of debt!