1. Consider a Debt Relief Center
Across the country, many attorneys and financial experts have set up offices that they call a "debt relief center." When you make an appointment at one of these locations, you can bring all documentation of your current debts and discuss what your options are to best relieve yourself of your debts. For many people, these centers are the first step in pursuing Chapter 7 bankruptcy in order to discharge their debts. For others, it's a great way to begin the process of filing for Chapter 13 bankruptcy which will aid in setting up a payment plan to satisfy creditors. The professionals will also teach you the tools of the trade in keeping your finances more organized and sustainable in the future, helping to assure that this mess won't happen again. Freedom from debt is a long-term commitment that takes education and careful planning, and these professionals know that.
2. Consider debt consolidation services
Many people have come into major debt problems by way of credit card debt. It's all too easy to open a large number of credit cards and suddenly find them maxed out and demanding payment. With debt consolidation, a professional will attempt to achieve card credit debt relief by negotiating with each creditor and putting all of your payments into one monthly, consolidated sum. Over time, each creditor will be paid off and you can be spared from expensive and stressful lawsuits brought against you by unpaid creditors.
Card credit debt relief is the first step toward a brighter financial future, and debt consolidation can put you on the fast track to reducing debt collection calls, stopping harassing mailings, and giving you greater piece of mind. Debt relief freedom will be easier with one monthly payment rather than many costly payments that are impossible to meet each month.
3. Consider a loan
If a debt relief center or debt consolidation isn't for you -- or those services simply aren't accessible in your location -- consider a debt consolidation loan from a third party. These loans are often intended for people with credit issues and offer easier acceptance than traditional loans from major financial institutions. Debt relief freedom can be achieved with these loans, but it's important to use them as a last resort; the interest rates are often high, and the penalties for missing payments can be extremely harmful to your budget as well as your credit report.
