If you’re facing a huge amount of debt you’re not alone. Last year, American families had an average of more than $16,000 just in credit card debt not counting personal loans, medical debts and mortgage loans.
There can be any number of reasons why you’re struggling with debt. It might be because you lost your job or you saw your income reduced but have the same amount of expenses. Many people fall into debt as the result of a divorce or because of what’s now referred to as underemployment. This is especially true for many college graduates that have been unable to find work related to their fields of study. Medical expenses are another reason why many people fall into debt as is gambling, yes gambling. Unfortunately, one of the biggest reasons why many people have fallen so far into debt is because of poor money management skills. They simply didn’t take the time required to learn some of the basics of money management such as budgeting or have not been sensible in the way they used their credit cards.
Whether you’re facing a huge load of debt because of poor money management skills or because of unemployment you’d probably love to lay down that burden by achieving relief from your debts.
Achieving freedom from your debts
Let’s talk about how you could achieve freedom from your debts. One good option is debt settlement, which is also known as debt negotiation. It has helped thousands of individuals and families when they have no longer been able to pay their bills. Reputable debt relief companies cannot give you or lend you the money you would need to pay your debts. However, they are able to negotiate on your behalf with your creditors to get better terms that you would be able to afford. They have expertise you could definitely count on to help your creditors understand your financial situation. For example, a good debt resolution company will explain to your creditors your financial hardship so that they understand it would be in their best interests to negotiate and settle your debts for less than your full balances. You could get your life back and see your accounts resolved instead of having to spend so much time and resources fighting with your creditors.
Not the only solution
Debt settlement is not the only way to get debt relief. In fact, not everyone can qualify for it. You need to be able to afford to save money to pay off your settlements. If you have no income and cannot save money, you may need to speak with a local bankruptcy attorney to see if filing for bankruptcy protection is the best way for you to get the benefits of debt relief.
The benefits of choosing National Debt Relief
Here are some of the benefits that you will enjoy with a great debt relief company. Through National Debt Relief’s help, you will:
- Get financial counseling and guidance from experts
- Be helped with a budget plan that addresses your bad spending behavior
- Have a lower monthly payment that will better fit your tight budget
- Get payment charges and fees waived
- Have a sizable portion of your debt forgiven
- Focus on one payment alone that funds your FDIC-insured account, which is where National Debt Relief will get the money to pay off your debts
- Settle your debts without compromising the other financial obligations that are needed for your basic necessities.
- Live a less stressful life that is free from harassing creditors
How National Debt Relief works with its customers
If National Debt Relief finds that you would be a good candidate for debt settlement it will provide you with an agreement to sign that spells out exactly what the company will do for you, what you will be required to do and what its services will cost. When you have signed the agreement, you will no longer be required to pay your creditors. Instead you will send the money to National Debt Relief where it will be deposited into an escrow account that only you can control. When National Debt Relief settles one of your debts it will contact you and ask that you release the funds from your account to pay for the settlement. National Debt Relief never uses any of the money in your escrow account for its fee. In fact, it charges its customers nothing until it has settled all of their debts to their satisfaction.
The initial consultation is free. Give them a call and they can work on finding the right solution for your money troubles. A debt relief expert will be working with you closely to help and guide you towards enjoying all the debt relief benefits you have longed for.