Getting your hands on some extra money would be amazing, especially if you’re in debt, but sometimes it seems like it’s impossible to get anywhere near the state of being in debt. Well, don’t give up hope just yet; there are solutions to debt recovery that can make a difference in your situation. Here are three solutions to debt recovery that could help get you out of debt sooner than you thought possible.
1: Hiring a Debt Settlement Company
a) Debt Settlement – If you have a lot of unsecured debt and want to get it resolved quickly, this is the best option. Debt settlement companies will negotiate with your creditors on your behalf and help you create a plan that includes monthly payments and interest rates. They will charge a fee as well as a percentage of the amount of money that is negotiated on your behalf with each creditor. It’s important to remember that if you use debt settlement services, there is no guarantee that any part of your debt will go away. In some cases, using a debt settlement company may lower the total amount owed by just paying off some accounts instead of others.
b) Debt Consolidation – Debt consolidation services may also be able to help reduce the number of loans or credit cards to save on interest
c) Debt Settlement vs. Debt Consolidation – Debt settlement usually results in something happening to debt, while debt consolidation usually just changes how the debt is handled without actually resolving anything. When considering which service you need, ask yourself what would happen to your debt. Will I still owe the same amount after negotiating with my creditors? Will I still owe more because I consolidated all my debts?
2: Creating a Debt Management Plan
3: Declaring Bankruptcy
Debt recovery solutions call us today (909) 329-4882, to get you back on your feet so you can focus on living your life