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Need
Debt Relief? |
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Call Today: (877) 274-1260 |
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If you
successfully complete our program, it’s possible
that you’ll enjoy these benefits: |
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Settle your debts for less than you owe |
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(read here for full details about how much you can expect to save) |
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Resolve your unsecured debts in 18 to 60 months |
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(read here for full details on how
long our program lasts) |
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No Up Front Fees - Don't Pay Till You See Results! |
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| Determining Whether
You Need Debt Relief |
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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.
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