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| TIME IS RUNNING OUT. |
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| Did you know? |
| The OCC required many creditors to double credit card minimum payments! If you have a Bank of America, Discover, Citibank, MBNA, Chase or any other major credit card, prepare yourself now. |
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 How to choose
Look at your debt relief options in terms of qualification:
Debt Consolidation is the most benign way to seek debt relief when suffering a financial crisis. If you can afford the monthly debt consolidation payment and know that you cannot get out of debt making minimum payments at high interest rates, you must select debt consolidation. Read more about debt consolidation.
Debt consolidation loans require good credit to qualify. You will have to pay off your debts using the loan, however, you probably will be able to keep the accounts open. This is not advantageous to you since you may be overextended to begin with. Selecting this option is only for very disciplined debtors who will cut up their credit cards, close their accounts and not get into further debt until the loan is paid off.
Equity lines of credit take your unsecured debt and secure it with your home as collateral. Although you can write the interest off as an itemized tax deduction, this is a risky option should you become unable to make the monthly payment. Instead of bad credit, you would be facing a foreclosure. Can you really afford to gamble with your home? If you still feel that this is your option, let us know.
Debt Settlement is for those individuals who are behind in their monthly payments, cannot afford the monthly minimums and cannot afford the debt consolidation payment. Read more about debt settlement.
Bankruptcy is an option for debtors who simply cannot afford debt consolidation or debt settlement and do not mind having their non exempt assets liquidated by a trustee to satisfy their debts. These non exempt assets include real estate, boats and automobiles. In many cases, it may be preferable to debt settlement. Read more about bankruptcy. |
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| Click here |
| for a look at where you spend your money |
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| Do you have accounts in COLLECTIONS or are you just running late? Debt Settlement may be the solutions for you. |
| Did you know? |
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| Credit Counseling is NOT factored into your FICO® score! |
Call to learn more. |
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1-800-489-8985 |
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| Fair Isaac® and FICO® score are trademarks and/or registered trademarks of Fair Isaac Corporation |
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