Benefits of Debt Relief
Benefits of Debt Relief Program
A debt relief program can help ease financial burdens and help you get back on track to financial freedom. If you’re having a difficult time paying your bills and finding the interest payments just continue to snowball, now might be a good time to consider enrolling in a debt relief program.
What makes Mortgage Byus a top rated debt relief company?
Reduce the amount you owe
Get out of debt faster
Make one low monthly deposit
Get started for free no up-front fees
Why Consider Debt Settlement?
Debt settlement is a process that stresses negotiating agreements with creditors to accept less than the full amount owed (sometimes significantly less) to legally settle a debt. This can be a viable alternative to bankruptcy and may be an especially good solution if your debts are held by debt collectors.
Our Debt Specialists will personalize a debt settlement program based on your circumstances and support you through the next steps.
You’re a good candidate for debt settlement if you:
- Have an overwhelming amount of credit card debt
- Can’t afford your monthly credit card payments
- Have personal loans you can’t afford to pay
How Does Debt Settlement Work?
Debt Settlement works by negotiating a payment for less than the balance owed (principal) on your unsecured personal debt accounts. This is different from simply reducing the interest rate as with Debt Consolidation and Credit Counseling, which do not affect the total debt balance.
By negotiating the balance itself, Debt Settlement provides a much faster means of handling your debt. Most creditors are willing to accept payments of much less than the balance owed in order to close out an account rather than lose the entire amount in a bankruptcy proceeding.
How to get rid of credit card debt?
Problems sometimes take care of themselves. We put our heads down and keep working. Unfortunately, when you are overwhelmed with excessive credit card debt and personal debt, a debt settlement plan is the best strategy.
