Many people think that being in debt is always a bad experience, but it can have its uses, especially in times of emergency. For example, mortgages help you move into the home you have always dreamed of, and securing a car loan can help you buy a reliable vehicle for you and your family. But beware, it is all too easy for debt to spiral out of control. A staggering 80% of Americans are currently living in debt, and harsh economic conditions only make it more difficult to pay back loans. So, how do you get out of debt? There are many helpful ideas about how to get out of debt on your own. However, sometimes it’s best to call on a professional for extra support. Fortunately, there are many debt relief and settling companies ready to help you.
- National Debt Relief
With over ten years of operation and an A+ rating with the Better Business Bureau (BBB), National Debt Relief has helped settle debts for less than what their customers owe. The company is very open with its procedure and outcomes to the extent that its website has a ‘Proven Results’ page containing debt settlement letters. These letters reveal how people have had their debts reduced and settled for a minimum of 50% off the initial amount. National Debt Relief does not charge any upfront fees and has a money-back guarantee for dissatisfied clients. However, to qualify for their program, you need to be $7500 in debt and be several months behind your payments. The firm also does not handle some kinds of debts, such as back taxes and mortgage loans.
CuraDebt is one of the oldest debt relief companies in the United States, operating for over 19 years. The company has a program created to help individuals and businesses going through financial hardships. The program is also designed to help them save money wherever possible. Like National Debt Relief, CuraDebt also has a section dedicated to showing debt relief letters, which show how some clients had their debts settled for as little 20% of what they had previously owed. Aside from this task, the company also helps customers with their back taxes, whether federal or state. CuraDebt offers a free consultation to clients looking to have their debts relieved. However, only the offices located in Hollywood and Florida accept in-person consultation.
- Debt to Success System
Debt to Success System (DTSS) helps you detach yourself from your obligations by identifying new ways to repay them. The company has been in operation since 2004, with its central message centred on complete freedom from the Government and debt discharge. The firm boasts the most advanced freedom and debt discharge systems in the world. Every single step is automated, and their unique software system provides its members with the most appropriate methods to help them completely free themselves and discharge their debts. Unfortunately, many sceptics question the legitimacy of DTSS. So, is DTSS legit? The answer is yes. The company’s automated approach reduces the margin of error when compared to filling out paperwork. Additionally, DTSS is more affordable than other debt relief companies that have upfront fees.
- DMB Financial
DMB Financial has helped more than 30,000 clients resolve their debt for over 15 years. The firm works directly with its clients’ creditors to reform how much they owe in debts, and the stipulated time frame required for paying it off. The company keeps its processes transparent and even spells out the procedures you will go through should you decide to work with them. They review your debt situation, create a tailored program that suits your needs, encourage you to deposit into an insured savings account every month, and negotiate on your behalf. With this strategy, DMB assures that you will be debt-free within 36 to 48 months, and consultation is free.
Debt relief companies have their advantages and disadvantages. But thanks to them, living a debt free life is not a farfetched dream or idea, and you can get in touch with them to see how best they can help you. Most of these companies offer a free consultation, but their fees will depend on your unique situation and how much you owe. Usually, these charges take up about 15% to 25% of your debt. However, it’s also important to note that your credit score might be hit when you stop making payments, so in the case of severe financial difficulty, the best solution is to get a professional debt relief company on board.