May 06, 2009
That is why various debt solutions are worth considering. Sure, you can get a loan, but there are also professionals who can provide you with various strategies consolidation programs can help you preserve your credit rating while getting out of debt much more quickly.
What are these options? There is always the standard debt consolidation loan. But you can also negotiate new repayment terms with your creditors. You can often do this yourself, or you might seek professional help with debt negotiation.
Then there are debt settlement options. Since you really can’t do these yourself due to the technical details involved, you almost certainly need professional help. The companies that negotiate such settlements for you can are the ones that you hear about that can reduce what you owe to “pennies on the dollar” – cutting your amount owed by half or more. You might take a credit rating hit, but not as bad as having a bankruptcy on your record.
Posted by: Greg at
09:29 AM
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