Franklin Debt Relief
Free Consultation Form
First Name:
Last Name:
Phone No.: --
Email :
Debt Amnt:
State:

ABOUT SSL CERTIFICATES
Debt Relief Solutions
What's New?

Non Profit Debt Relief Scams

Non-profit debt relief companies have become an increasingly popular option in recent years, due to the economic downturn and...

Read More >>

Reputable Debt Consolidation

A lot of people turn to debt relief agencies after their credit score has already been significantly damaged by late...

Read More >>

Follow FDR in
 
   

 

 
  Home About Us Blog Privacy Policy Testimonials Contact Us
 
 
Need  Debt Relief?
Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
Settle your debts for less than you owe
  (read here for full details about how much you can expect to save)
Resolve your unsecured debts in 18 to 60 months
  (read here for full details on how long our program lasts)
No Up Front Fees - Don't Pay Till You See Results!
 
 
 
Determining Whether  You Need Debt Relief
The first step in any plan to reduce debt should be figuring out your income and expenses. By knowing exactly where your money is going, you’ll be able to effectively budget your monthly income. Also, by listing your expenses in relation to your income, you’ll be able to gauge how healthy you are financially. Listed below is what percentage of your monthly income should be dedicated to different expenses:

Housing (rent, mortgage, and miscellaneous expenses associated with the upkeep of your home): 35%

Transportation (lease or loan payments, insurance, gas, public transportation fares, etc): 20%

Other (groceries, medical, miscellaneous monthly expenses): 20%

Debt (unsecured debt and student loans): 15%

Savings (investments, 401(k), IRA contribution, etc.): 10%

If any area of your spending does not fall in line with the above proportions, you should consider how you can cut back on your expenses to make your personal financial picture healthier. Some consumers who are seeking debt relief give more than 30 percent of their monthly income to credit card companies just to make the minimum payments. If you fall under this category, debt settlement, also known as debt negotiation, is probably a worthwhile solution to consider. With that much of your income going to minimum payments, your top priority should be to reduce debt and avoid bankruptcy.

According to recent studies, Americans saved negative 1 percent of their income last year. In other words, most consumers are spending all of their income and then borrowing or dipping into savings. This is the lowest rate since the Great Depression. How does this effect debt relief? Since most consumers don’t have any savings, a financial hardship like divorce, medical issues, or a reduction in income can cause their debt burden to be completely overwhelming.

If you would like to learn more about our credit card debt reduction service, please feel free to call (877) 274-1260 or
fill out a form and we’ll contact you as soon as possible.
 
 
 
 
 

Debt Settlement | Debt Negotiation | Avoid Bankruptcy | Bankruptcy Alternatives | Debt Relief | Debt Reduction | Debt Settlement Company | Debt Settlement Consolidation | Bankruptcy Resources
Debt Consolidation Resources | Debt Settlement Resources | Credit Counseling Resources | Useful Resources
© 2009 Franklin Debt Relief LLC. All Rights Reserved