Debt Relief and Do you qualify for Debt Relief?
This is the first question that must be answered. If you are somebody, who doesn’t have any savings, aren’t able to make full payments on your credit cards, don’t have enough cash to buy basic items like groceries etc and are using a credit card for this purpose, then its time to get debt relief.
Settle Your Debts as a part of Card Credit Debt Relief
As a part of our program to relieve you of your debts, we first negotiate with credit card companies. As a result of our credit card debt relief efforts, consumers are usually given a relief of about 50% in the amount owed, and it usually takes between 12-36 months for them to get free from debt.
Debt Relief on Your Credit Card through Credit Counseling
One way of providing debt relief is by lowering of the interest charges leveled by credit card companies. With this debt relief option, a consumer can save his hard-earned money on the high interest rate and thus become debt free in a few years.
The Chapter 7 Bankruptcy Option
What do you do if you want emergency debt relief and have exhausted all your options? One of the alternatives is to resort to Chapter 7 bankruptcy. Herein, a liquidation of all the non-exempt assets of the debtor takes place, and the creditor is paid by the proceeds of this sale.
An important aspect of this option is that if the debtor does not have any valuable assets, then he/she does not have to pay anything to the credit card company, which makes it the best emergency debt relief option in terms of card credit debt relief.
Liquidation of Assets as a Debt Relief Option
In terms of American debt relief options, liquidation is quite a good idea if you own assets like properties, boats, etc; the selling-off of these assets, can help pay off your credit card debts.
As can be seen, this is a course of action that can only be taken by somebody who owns quite a bit of assets, and thus is not a commonly used option.
There are many more American debt relief options, and we have the proven ability to provide them to our clients in the best possible manner
