- Reduce your monthly payment by up to 50%
- Be debt free in as little as 12-30 months
- Lower your debts by up to 50%
- Make one simple monthly payment
- Don’t risk your home or other personal property if
you miss a payment
- Don’t pay service fees unless we save you money
- Reduce your stress and get a “New Deal”
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Debt Settlement versus Debt Consolidation: Try Debt Consolidation Settlement
A lot of authors have dealt with the issue of debt consolidation versus debt settlement in the past, and it's pretty clear across the board that using a debt consolidation loan that is secured by your home is the better debt resolution product if you have that option (and this is coming from a debt settlement company). It doesn't affect your credit negatively, you save money, and the likelihood that you'll default and lose your home is extremely low (the national default rate is 0.15% on home equity loans).
That being said, although it's clear that in most cases a home equity debt consolidation loan is a better choice, it's by no means the best choice. The fact of the matter is this: although it's an effective way to deal with high interest credit card debt, you still don't save that much money relative to debt settlement. With debt settlement, however, you're using an approach that will for the most part prevent you from being able to obtain credit during the course of the program, possibly longer. So what then is the best choice? The answer is simple: using debt settlement in conjunction with a debt consolidation loan.
How is this possible?
Assuming you have enough equity in your home to begin with, you get a debt consolidation loan while your credit is still good, sign up for a debt settlement service, wait until we've negotiated the balances down, and then settle the debt with the money from your consolidation loan. Typically, this process takes as little as 2 to 3 months to complete, and you can save as much as 50 percent off your balance without taking a severe credit hit. Moreover, the already low likelihood of any legal action occurring from going past due is even further reduced, and since you won't need to take a debt consolidation loan for the full balance, the already low likelihood of default and foreclosure of your home is also further reduced because your monthly payment won't be nearly as high.
For the more financially savvy consumers out there that have equity in their homes and good enough credit to take advantage of it, debt settlement with a debt consolidation loan is the best choice.
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