"I'd
rather go to bed without supper than rise in debt."
Ben Franklin
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Franklin Debt Relief, LLC is a member of (TASC) The Association of Settlement Companies. This trade association has developed a standardized industry disclosure for consumers.
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Reduce Debt Today! Call Now: (877) 274-1260 |
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Our Service to Reduce Debt Franklin Debt Relief offers a unique and innovative solution to reducing debt that involves negotiating with creditors to lower the amount that you owe. Our clients can save up to 40 and 60 percent of what they owe on their balances alone. When you factor in what we will save you on credit card finance charges, the savings are even more dramatic. FDR's "New Deal" program is the fast way to reduce your debt other than Chapter 7 bankruptcy, which affects your credit for up to 10 years. For consumers that would still like to avoid the harsh implications of a bankruptcy filing, but still need a lower monthly payment and a reduction in their debt levels, our program is a great solution.Top 4 Reasons to Reduce Debt 1. First and most obviously, credit cards are a complete drain financially. The average credit card interest rate is 18%, and if you're even one day late, that percentage can jump as high as 39%. Considering late fees, over the limit fees, and annual fees for being able to use the card, it makes sense that most economists largely blame credit cards for the fact that many Americans have very little savings. If a consumer is only able to afford the minimum payments on $30,000 of credit card debt, it may take 20 to 30 years and more than $60,000 in interest alone before they are finally debt free.2. High debt can be a drain emotionally as well. Many consumers with high credit card balances complain of sleep deprivation and persistent anxiety about being able to pay their bills. In extreme cases, overwhelming debt burdens has led some consumers to suicide. Reducing debt makes even more sense when you consider the toll it can take on someone's emotional health and general happiness. 3. Debt is a leading cause of marital problems. As of 2004, the single leading cause of divorce was financial stress, and statistics show the couples who have filed bankruptcy are three times as likely to get divorced. Debt and divorce, unfortunately, go together like a horse and carriage. 4. Debt encourages overspending. Consumers typically spend 25 to 30% more when they are making purchases on their credit cards versus paying with cash. Others feel so hopelessly overwhelmed by their debt that they stop trying to budget all together. By not taking action immediately, someone's debt can become completely insurmountable, leaving bankruptcy as their only option for help. Do you need to reduce your debt? Speak to a consultant: (877) 274-1260. |
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