About 80% of Americans are in debt, and the numbers are projected to rise as the years go on. This leaves many feeling weighted, anxious, and unable to enjoy the life they want for themselves and their families. However, different forms of debt assistance are available.
For more than 15 years, we’ve helped our Columbus, OH, neighbors and individuals and families across the U.S. get the debt relief and financial freedom they deserve. But before you begin planning your debt payoff strategy, it’s important to know what debt assistance can do, and what it cannot do.
What is Debt Assistance?
There are a few different types of debt relief options available. While each path is different, each leads to the same destination: financial freedom. However, it’s important to consult a debt advisor before deciding on which form of debt relief is right for your unique situation.
Sometimes the overwhelming feeling of debt can become more overbearing than it needs to. It’s always important to remind yourself that relief is possible, and that sometimes changes to your financial habits can make a huge difference.
Often, you can make significant dents in your debt by creating a sound budget and sticking to it. However, other measures may need to be taken if your unsecured debt proves to be much higher than a budget update can fix.
Most people who have significant sums of unsecured debt do so because of multiple sources of debt, like credit cards, medical bills, and personal loans. Not only does this create an undesirable and stressful mental state, but it also makes paying off debt much harder.
By consolidating all of your debt into one monthly payment, you save yourself the headaches, stress, and larger payments over time. Keep in mind, however, that lower interest rates are usually only available to those who have credit scores within a certain range, usually on the higher end. This makes debt consolidation challenging or impossible for many.
Working with a debt advisor is often one of the most beneficial methods of finding debt relief. An expert at a debt settlement company like Debt Help, Inc., negotiates with creditors to find the payment plan that is most beneficial to your and your financial situation, saving you headaches and—most importantly—money.
But while debt settlement is a sound way to pay off your debt, it is not always a straightforward or quick solution. As each person’s debt situation is different, multiple factors are used to determine how long your debt settlement process may take. While some negotiations are relatively smooth, others that involve significant debt and poor payment histories can take much longer. When you speak with one of our debt management specialties, they will learn more about your specific situation and help you gain a clearer idea of what to expect with the process.
Keep in mind, too, that debt settlements do not repair credit scores, and can take years to improve once your debt is paid off.
Get the Debt Relief You Deserve with Debt Help
Little else compares to the feeling of financial freedom, and we can help you feel better with our expert-led debt relief program. If you and our experts find your financial situation can be improved with our debt relief program, we’ll create a monthly savings plan to determine how long you will likely remain enrolled in the program. Ready to get on the road to financial freedom? Reach out to us today to take the first step.