Our Service to Reduce Debt

Franklin Debt Relief offers a unique and innovative solution to reducing debt that involves negotiating with creditors to settle your debt for less than you owe. In cases where clients complete the program and accounts are settled, clients can become debt free in as little as 12 to 36 months. When you compare our program to barely making your minimum payments each month, the savings are even more dramatic. If you complete the program and settle all of your accounts, FDR's "New Deal" program may be the fastest way to resolve 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, our solution is certainly worth considering. 

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 settle your debt for less? Speak to a consultant: (877) 274-1260.