Debt Settlement Alternatives
One of the first thoughts when you find yourself in deep debt besides, “Oh my! How did this happen?” is usually, “How can I get out of this and what are my options?” First, we totally understand your initial fear and frustration. Money problems are terrifying and can lead to a whole list of other problems. Second, hopefully you’re able to calm down, breathe and assess your situation and realize there are ways out.
Debt settlement alternatives include bankruptcy, credit repair, credit counseling services and debt counseling. Our clients have found these alternatives have numerous drawbacks including detrimental negative affects on a credit report lasting 7 years, long program lengths exceeding 5 years, and ineffective means to address your current financial well being in a timely manner. The key is to focus on the positives you could find yourself in 6-12 months down the road. We hope you’re excited to begin this journey because the sky’s the limit.