Debt continues to be a growing problem for Americans. As prices continue to grow faster than income, many people are forced to turn to debt to make ends meet. But, you can only lean on debt for so long. If you’re looking for a solution to overwhelming debt, consider one of three common solutions offered:
With debt consolidation, you combine all your debt payments into a single monthly payment that you send to your debt consolidation specialist. Your specialist then divides your payment and uses it to pay your credit card debt, medical debt, payday loans, and other past due bills.
You can use debt settlement to lower the amount you owe on your debts. Debt settlement negotiates a lump-sum payment to your creditors that’s up to 60% lower than your original debt. You can pay off your debt much sooner and more cheaply.
Video: How to Get Out of Debt
Through credit counseling, you not only get help through a single monthly debt payment, your credit counselor will also work with you to build the good credit habits you need in the future.
How Much Pain is Debt Causing You?
Being in debt is stressful. You probably know all too well what it feels like to lay awake at night wondering how you’re going to buy groceries this month and satisfy your debt payments.
Like a rubber band, your paycheck can only spread so far before it breaks. How heartbreaking is it to see the sadness in your child’s eyes when you tell him or her there won’t be any birthday gifts this year?
You feel depressed, down in the dumps and you won’t be able to lift yourself out until you find some relief from the debt burden you begrudgingly carry.
Video: How Do I Get Out of Debt?
You’re Not Alone
Though you may feel like you’re the only one going through a debt ordeal, you’re not alone. Statistics from the United States Census Bureau show that many households across the nation are carrying an alarming amount of credit card debt.
For example, did you know that the average household carries nearly $9,000 in credit card debt? The average American consumer has an alarming 9 credit cards with an average $5,000 in credit card debt. The Census Bureau expects that balance to increase to $6,200 in 2010.
Even more surprising is the rate that debt has grown over the years. From 1980 to 2008, the amount of consumer debt increased from $355 billion to $2.6 trillion, that’s nearly an eight-fold increase.
The 2000 census showed that 70% of homeowners still owed a mortgage and almost 23% of those homeowners had a second mortgage on their homes.
Most people who are in major debt have suffered a job loss, experienced divorce and/or separation, or have dealt with an illness that has cost them more money then they expected or have kept them from working.
Finally, about 2 to 2.5 million Americans are trying to keep out of bankruptcy by seeking out help from a credit counselor each year.
Video: Investing vs. Paying Credit Card Debt
What Can Debt Consolidation Do For You?
There’s a solution out there for you. Like many others, you may be able to find relief through debt consolidation.
No more calls from bill collectors. Have you stopped answering the phone because you don’t want to deal with harassing debt collectors asking for money you don’t have? Once you’ve consolidated your debts, you can take your phone back.
One monthly payment. Rather than juggling numerous payments and due dates, debt consolidation combines everything into just one simple payment and one due date.
Pay your debts sooner. Most people who stick with a debt consolidation plan have their debts completely repaid within three to five years. That’s a lot quicker than if you tried to pay off your debts on your own.
Lower your interest rate and minimum payment. Our debt consolidation specialists work with your creditors to lower the interest rate on your debts. This also helps lower your minimum payment, which makes paying your debts more affordable.
Can you remember how it felt to rest at night, without worrying about bills and debt? Debt consolidation can make those fading memories a bright reality.
Let Us Help You
When you fill out the form above, one of our debt consolidation specialists will contact you to discuss your debt. We’ll talk one-on-one about your debt and work together to come up with a payment plan that fits you.You can also give us a call at your convenience at the number below.
We have extended customer service hours to give you the opportunity to talk to us. You can take advantage of our free debt counseling services and free debt seminars, even if you’re not enrolled in one of our debt consolidation plans.
You can put your trust in one of our 501(c)(3) Non-Profit Organization debt counselors. We will spend as much time as needed to work through your debt. Call us today at 1-888-314-1402 to have a free consultation with a professional debt counselor.
How Much Pain is Debt Causing You? 
