Debt Relief is Possible with the Right Help

You know that feeling you get when an envelope arrives with your creditor’s name in the return address?

Maybe it’s a stomach-churning anxiety or blinding fear or just visceral anger. Whatever the reaction, it all comes from the same place: Debt.

When you have a too-heavy debt load, life can seem to stop. The money you owe traps you. This makes you run away phone calls for fear of collection companies. You then hope that none of the companies decide to sue you.

It’s a scary, difficult place to be. You may feel hopeless, and seriously consider just running away and living off-grid for a while until it all goes away. And while you’re (mostly) kidding, it’s easy to think there is no escape from your pile of debt.

Take a breath, calm down for a moment. The truth is, there is help out there.

There are debt relief options galore, and the right debt relief program can help you on your way to financial freedom. It’s just a matter of picking hte right one.

Keep reading and we’ll detail the different debt relief options and how to know which one is right for you.

When you aren’t sure where to turn for debt relief help, all the different information can be confusing, during an already stressful time. Do you need a debt relief lawyer, a debt consolidation loan, debt settlement?

Sorting it out is tough, and finding the right help is vital.

The good news it, the help you need IS available, and we are going to help you figure out what kind of help you need.

Credit counsellors are the gatekeepers of the debt relief world. They are personal finance experts who will sit down with you, go over your financial situation and help you figure out what services you need.

These counsellors can help you put together a management plan to get you out of debt quicker, and without legal action. They may even lower your interest rates.

Credit Counselling might be right for you if:

• You are just starting on your debt-free journey
• Your income to debt ratio manageable but you aren’t sure where to start
• You don’t have a great handle on spending habits

Debt consolidation takes all of your debt and combines it so that instead of paying eight different creditors, you are paying one monthly payment.

This method gets those pesky creditors off your back, and means you only have to keep track of one debt, rather than several. This is a loan, and needs to be paid back, but it can help you get back ahead of the curve on your debt payments.

Debt consolidation might be the best option if:

• You have many smaller debts from many creditors
• You have several defaulted debts that need immediate payment

Debt Settlement is an intense process, one that we’ve detailed before. Basically, this is when a company intercedes with your creditors on your behalf to get part of your debt forgiven. A lump sum payment will have to be made, but then the debt is considered paid in full.

This only takes care of debts one at a time, which can be an issue if you have many debts, since the process has to be started anew with each company.

Debt settlement might be good for you if:

• You have large debts that are very delinquent
• You have only a few or only one large debt

Bankruptcy lawyers don’t just deal in bankruptcy, although that is an option. If you are being sued by a creditor, it’s time to lawyer up. Lawyers will be able to intercede with the creditors who are suing you and help you make it out without losing everything.

Lawyers can also help if you are simply overwhelmed with debt and there is no way out but bankruptcy.

A lawyer is your best option if:

• Your debts are simply too overwhelming to be settled or paid off
• You are being sued by a creditor or anticipate being sued by a creditor

It all depends on your situation. But the good news is that, no matter what your situation, there are debt relief options available.

To see how we can help you toward a brighter financial future, contact us today! Our trained finance professionals have the expertise needed to help you toward debt-free living.