Do I Really Need A Debt Relief Company?
As odd as it may sound, you really may or may not know. Recently, we conducted a survey of approximately 500 of our existing clients, asking them to give us a sample of questions they asked themselves, in order to see if a
debt reduction company was right for them.
Below are the 7 questions that received the most responses:
1.) Am I living off of my credit cards? In other words, if I did not have any credit cards, could I pay my regular bills each month without them?
2.) Do I just make the minimum monthly payment each month, or maybe just a little more than the minimum monthly payment?
3.) Do I feel that even though I make my payments, I just do not seem to be getting anywhere?
4.) Have I used one credit card to make a payment on another credit card?
5.) Do I play the balance transfer game? (This is when you get a solicitation in the mail encouraging you to transfer the balances of your other credit cards for a very low interest rate…only to have your “new” interest rate disappear after 6 months or because you missed one payment).
6.) Do I hide a credit card from my spouse or significant other for my own use?
7.) Am I living beyond my means right now?
Our feeing is that if you answered yes to any three of these questions, you should definitely get in touch with a
debt relief company for a free consultation. What that company should do is 1.) Review your current debt to income ratio; 2.) Look at your current secured debt (house, cars, trucks etc.) versus your unsecured debt (credit cards, loans, doctor or medical bills); and 3.) Determine if you qualify as a candidate for their program.
At
Nationwide Debt Reduction, only about 77% of our clients qualify for our program, simple because they are what we call “upside down.” In layman’s terms, what that means is “Do I have more debt than income each month to pay my regular bills AND pay off my credit card bills at a much lower reduced rate?”
For more information about this program, please feel free to contact directly at 800-890-6658. We will be happy to send you one of our Financial Profiles, to see if you qualify for the terrific program.
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