Debt Consolidation vs Debt Settlement vs Debt Management

With the many ways there are to get out of debt it can sometimes be hard to choose which way is right for you. Whichever way you choose you’re looking to do the same thing you’re trying to lower your monthly credit card payments, you’re trying to reduce your interest rates if possible, you’re trying to waive late fees and other fees the banks try to throw on you, you’d love to eliminate the collection calls early in the morning and late at night, you want to avoid bankruptcy at all costs, and most importantly you want to be debt free.

To start with let’s talk about debt consolidation. Debt consolidation, you get all your bills and consolidate them into one single payment. You do not have to get a debt consolidation loan to use this method. In many cases you are able to lower your monthly payments, reduce your interest rates, and get rid of the annoying that collection calls.

Learn from more than 166000 people how they got out of debt

You also have Christian debt consolidation which is similar to debt consolidation their also incorporates Christian values to help you pay off your debt.

Next, let’s talk about debt settlement. This process allows you to negotiate with your creditors and reduce your outstanding balances by up to 40 to 60%. The goal is to have you debt free in less than 36 months. This is two years sooner than a Chapter 13 bankruptcy. Debt settlement is an alternative to bankruptcy. The effects to your credit report and credit score are similar except that bankruptcy is in the public record whereas debt settlement is not.

Free Help With Debt Problems

Finally you have debt management. This involves getting debt assistance from a credit counseling company through a payment plan with your creditors that can reduce your interest rates and reduce or possibly waive some late fees. This is called a debt management plan or DMP.

So which one should you go with? Again since we are talking several thousand dollars worth of debt it is not an easy decision to make. Whichever method you choose can affect your financial life for several years to come in good ways and in bad.

I’ve recently partnered with debt consolidation care, an online get out of debt community that offers a free debt counseling session to analyze your financial problems and see which method would work best for your situation. They have helped over 169,000 people pay off their debt. You can talk to them for free and get a customized solution for you. They can help you with these debt cures.

Talk to you soon,

Adam

Debt Cures Reviews

Debt Cures: Care One Credit Counseling vs Credit Solutions

Hello-

Here we are almost the middle of February already and our debt problems are getting worse with each new day.  There are layoffs, businesses closing and credit card companies putting the squeeze on us little guys. If your credit card company is not trying to increase your interest rate, they are trying to restrict your credit limit so you cannot charge anymore.

It’s time to look at some debt cures to solve your credit debt problems.  Today, I wanted to compare Care One Credit Counseling vs Credit Solutions.

Care One Credit Counseling does just that - credit counseling.  They will give you a free consultation and determine if debt consolidation is your best way out of debt.  Not everyone will qualify for one of their plans.  The good thing about CareOneCredit is that they will work with you if you have just $2500 in credit card debt. Most companies will not work with you unless you have $7500 or $10,000 or more in credit card debt. What CareOneCredit can do is spread out your debts over a longer period of time and reduce your interest rates and get some fees waived. You can pay less when you use credit counseling and debt consolidation than paying it all off on your own. The fee for CareOneCredit Counseling varies by state so there is no number I can give you of what to expect to pay. You can talk to them for free and find out how they can help you before you sign up with them.

Click Here To Talk To Care One Credit Counseling Free

Now let’s talk about something different - debt settlement.

(EDIT: 5-9-09) Credit Solutions has had some legal issues as of late so I can no longer recommend them. One recommended company that offers debt settlement is Debt Shield. You can get a free consultation and see how much money you can save. Debt settlement is a different program altogether than debt consolidation. The goal of debt settlement is to negotiate with your creditors and work on reducing your total outstanding debts before you start paying anything. In some cases, you can reduce what you owe by 40-60%. Your mileage may vary. It is a much better option than bankruptcy.

Both are free to talk to and I would advise you talk to them and see what kind of savings you can expect from their plans.

Click Here To Talk To Care One Credit Counseling Free

Click Here To Talk To Debt Shield Free

Thank you for reading,

Adam

Debt Cures Reviews

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Debt Cures or Credit Solutions

Hello-

Today, I wanted to compare Debt Cures with Credit Solutions. Kevin Trudeau talks about reducing what your interest rates are with your credit card companies, while debt settlement can help you reduce your total balances not just your interest rates.

While he does talk a little bit about it in chapter 14, doing whatever you have to do to avoid bankruptcy, he doesn’t go into that much detail.  If you want something more useful, which is one of the biggest complaints about the Debt Cures book then talk to a company for free that can help you reduce your balances and help you get out of debt faster.

Credit Solutions is the largest debt settlement company in the US.  They have customer service reps available 24/7 to answer any questions you may have.

Look at what Credit Solutions can do with a $50,000 credit card balance for example:

So Credit Solutions is a better alternative than most credit counseling programs and it is a much better option that debt consolidation. Why? With debt consolidation, you do not reduce what you owe, you only put it all under one new loan and extend the time you have to pay it off.

With debt settlement, you have a legitimate chance at reducing your total credit card balances and getting debt free within 12-36 months.  And of course it’s not free though.  Debt settlement usually costs about 15% of your debt which can get costly.

But when you eliminate your total credit card debt and get debt free in 12-36 months, you can still realize significant savings.

Compared to bankruptcy, debt settlement is the step right before you file.  Credit card companies would be more willing to settle with you and get something for your debts rather than nothing if you file bankruptcy.

Using Credit Solutions to settle your debts will lower your credit score. You have to save up money to put into a settlement fund and you cease making your credit card payments to do this.  Missed credit card payments will lower your credit score.

You have to ask yourself if you would rather have a good credit score with tens of thousands of dollars of debt or a temporary lower credit score and zero debt?

Click here to get a free consultation with Credit Solutions.

Thanks for reading and have a great day!

-Adam

Debt Cures Reviews

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Who else wants to get out of debt starting in 10 minutes?

Hello-

You are visiting this site because you want to get out of debt, you’re tired of paying your credit cards each month and seeing very little results. You want to know if Kevin Trudeau’s new book - Debt Cures can help. The reviews are mixed. You may need more than this book to help you get what you what.

Tell me if any of this sounds like you?

You see your credit card bill each month and you make a payment of $300 only to see that over $200 of it goes to pay your interest charges. Your balance barely goes down each month.

You never seem to catch a break and get ahead. You work so hard and just keep going in circles. You struggle and try so hard to get more from life.

You’re tired of not being able to realize your dreams of buying a house of your own because you have so much credit card debt that never goes away.

There is help available.  And they have helped over 4.5 million people become debt free.  They can help you too become debt free.

Click here to get out of debt starting in 10 minutes. Get a free debt consolidation quote and see how much you can save.

You’ve probably seen their commercials on TV, they are one of the leading Debt Consolidation companies around.

You can check them out with the Better Business Bureau here

CareOne Credit Counseling can discuss with you your options for paying off your debts, lowering your monthly payments, lowering your interest rates, waiving your late fees, and stop debt collector calls.

If you are having trouble getting the credit card companies to work with you, this is where you can use the expertise of a company like CareOne to work for you.

Click here for CareOne

Thanks for reading,

Have a great day!

-Adam

Debt Cures Reviews

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