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Debt Help

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.

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Eric Berman, P.C.

Eric Berman, P.C. is a group of attorneys specializing in bankruptcy law, consolidating debt and legal services across the country.    On July 22,2009 New York Attorney General Andrew Cuomo filed suit against Berman, 34 other law firms and two debt collectors for failure to properly notify consumers of pending legal action regarding debt collection. Read More >>

Credit Counseling and Debt Management

With so many companies offering services to help consumers get out of debt it is easy to become overwhelmed by your options. An important step in eliminating debt is first finding the method of elimination that best suits your needs. Before making any hasty decisions you must first examine how each company and process works to avoid choosing the wrong strategy. Read More >>

Get Out of Debt Tips

Everywhere you look there are guides for getting out of debt and step by step processes you can follow to help you get your finances in order. On, we've given a number of methods for getting out of debt, along with the step by step details – in this article, we're going to give you a number of TIPS to eliminate debt. They aren't in any order, and it's not a step by step guide, but you should find ideas for getting out of debt here Read More >>