It is vital that you not only understand your options, but that you realize the impact your selection may have.

Debt Settlement
Debt Settlement is a sensible choice for consumers to help lower monthly payments and get debt free in 36 months or less, in most cases. We can help reduce your total outstanding credit balances by settling with your creditors for a percent of your current balance. The best option to regaining control of your debt is by negotiating the total balances rather than just reducing interests.

Bankruptcy
Bankruptcy was the only option people had at one time. Pressure from the collection agencies to collect the debt forces more and more people to file bankruptcy. But even though bankruptcy has been filed the bad credit history could stay on your credit report for up to 10 years. Your bankruptcy discharge can also appear in public court records for up to 20 years potentially affecting future plans such as purchasing a home or vehicle, finding employment, obtaining insurance or getting security clearance. Depending on the type of bankruptcy you file the courts may force you to pay your creditors anyway!

Debt Consolidation Loans
Debt Consolidation loans do not reduce the amount you owe; it simply combines all of your debt and attaches a lower interest rate. All you are doing is exchanging one debt for another at a lower interest rate. When applying for a debt consolidation loan you typically will be asked to secure the loan against some form of asset (collateral), usually a house or car. This transfers your unsecured debt to a secured loan, which puts your personal possessions at risk if you fail to make payments. These loans also extend the period of time it will take to get out of debt. A home equity loan can be spread out over 30 years!

Credit Counseling
Credit Counseling will take over all your debt and lump it into one payment. Primarily credit counselors will work on the interest rate and will typically lower the interest rate only 1-2 percent. The programs take about eight to ten years to become debt free and typically do not significantly lower your monthly payment.

Do Nothing
Most consumers end up doing nothing. Choosing to try to "make ends meet" can eventually catch up with you leading to late fees and over limit fees. This can turn into harassing phone calls and letters from creditors which can eventually lead to lawsuits, liens, judgments and garnished wages. This option is not a reasonable choice.

Of all the solutions mentioned here, Debt Settlement has the shortest time of involvement. Settling your debt and restarting your life can begin today - right now. Regain your financial freedom and call now