Help consolidating debt
When you start pursuing debt management options, you may get mixed messages from people in the debt relief industry.
Because there is no general industry consensus as to what the best ways to manage debt are, we have narrowed down your options.
Many of these options work hand in hand with or as part of a larger debt reduction program, but in general, these are your choices: Debt Settlement: Settlement is the process of negotiating with your creditors in hopes of reducing the total amount of debt you owe them.
While you can undertake this process on your own, many people choose to hire a professional debt settlement company or lawyer to negotiate on their behalf.
Accredited Debt Relief is an affiliate and offers the same programs.
Debt Consolidation is worth looking at if you have at least ,500 of debt.
Companies usually attempt to lower your debt through debt settlement before recommending you take out a loan.New Era Debt Solutions is another standout company.It has flexible programs that don’t have a minimum debt requirements.Debt Management Program: These programs often work hand in hand with credit counseling.
During this program, you receive financial counseling and meet with a financial advisor.With bankruptcy, you officially declare that you cannot pay your debts.