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Debt Free 24 - News Updates: December 2008 Archives
  

 

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Struggling With Debt? Who Isn’t?

These days everyone you talk to is struggling with some sort of debt, and in need of some financial assistance. However, short of winning the lottery, most people are at a loss of where to go to get some help to get out of debt. A new program from the people at Think Debt Relief is designed to help those with a debt consolidation or settlement, both of which get you on your way to debt relief.

The new program is designed to help those that have more than $10,000 in unsecured debts settle with their companies and try to get a lower payoff balance. The company works with the lender and the consumer and helps you pay off your balances within 12 weeks for as much as 50% less than what you currently owe.

The reason this is possible right now is that many creditors know that they are better off getting something, instead of nothing, when it comes to debts. They know that if they settle with someone for a lesser amount they stand a better chance of getting something back instead of nothing. When the debt goes to bankruptcy they won’t get anything, so a settlement is better than nothing.

One of the best ideas is to take your settlements that you reach, get a debt consolidation loan, and pay back everything you owe. You will then have a smaller payment plan and be able to get back on top of the debt circle instead of continuously falling behind.


 

 
 
 


 
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