Get out of credit card debt fast, cheap, and without a loan. Our debt services can reduce your individual credit card debt by as much as 40-60% and help you get out of debt in 12-30 months!
Debt Management
In general, there are two types of debt assistance: credit counseling & debt settlement. Each one has unique advantages and disadvantages, so fill out a form if you would like to discuss this with a debt professional.
Credit Counseling: Need Help With Your Interest Rate?
Credit counseling is a type of credit card debt management that aims specifically at reducing interest charges. Generally, in a credit counseling program, one’s monthly payment is reduced somewhat, and you are able to become debt free in four to five years. Many providers of these programs are non-profit, but this does not necessarily mean their services are either affordable or legitimate. As with any credit card service , investigate any company prior to enrolling in their program or filling out their forms.
Debt Settlement: A Solution For Consumers With A Hardship
Debt settlement is a debt service that aims at reducing your credit card debt and getting you out of debt fast. Generally, debt settlement, also known as debt negotiation, can help you pay off debt in as little as 1 to 3 years, reduce your debt by as much as 40-60%, and lower your payments considerably. The savings in debt settlement are far more dramatic, but it typically only an appropriate debt optionfor consumers with a lot of debt and are in jeopardy of filing bankruptcy. To get a quote, simply fill out a form and PayingPaul.com will direct your information to a program that can help!
Credit Management Questions
1. Is there a time when credit card debt is actually a good thing?
Yes. In its very essence, credit cards are not necessarily a bad thing, despite everything you may hear in the news and media. The problem with credit cards arises when the large banks target consumers who can barely pay or when card holders abuse their credit, whether intentionally or not.
The savvy consumer uses credit cards wisely to save money. As interest rates rise, some consumers are transferring home equity loans to their credit cards, which not only has a lower interest rate but is no longer secured by their most important asset---their home.
2. What is the best credit & debt advice you can give to someone who is having trouble getting out of credit card debt?
The simplest piece of advice is to pay more than your minimums. It will be impossible to pay off your debt without doing this. If this isn’t possible, then seek out the help of debt company. You can get matched here by filling out a form.
3. What is a better debt solution –settlement or credit counseling?
Ultimately, a lot of this depends on your goals and situation. If your priority is to get out of debt fast, then debt settlement may be a better option. It’s also a better option for old or bad debt. Credit counseling, on the other hand, tends to be a safer course of action. To determine which debt consolidation choice is more appropriate for you, you may wish to speak with an expert.
4. Should I consider bankruptcy?
Before making any decision about how to deal with your debts, one should carefully consider carefully all of the choices available to them, including bankruptcy. That being said, filing can have a long-lasting and severe impact on your financial future after bankruptcy. Chapter 7 bankruptcy, for example, will stay on your credit for up to 10 years and legal records for up to 20 years. This can have not only a damaging effect on your credit score, but it could adversely affect on getting a new job because a lot of private employers do credit checks prior to offering someone a position.
5. Debt collection agencies keep calling my work. What should I do to deal with this?
Legally a debt collector cannot continue to call you at work once you have notified them that your creditors prohibit such calls. Keep in mind, however, this does not necessarily apply to the original creditor unless you live in:
California
Florida
Hawaii
Iowa
Maine
Maryland
Massachusetts
Michigan
New Hampshire
New York
North Carolina
Oregon
Pennsylvania
South Carolina
Texas
Vermont
West Virginia
Wisconsin
Washington DC.
Another strategy is to tell the creditors that they are jeopardizing your employment and that if you lose your job, you won’t have any income to pay back the debt . Normally they are smart enough to get the point. This is a good approach to use if you live in a state that does not specifically prohibit original creditors from calling you at work after you have told them not to. These states include:
Alabama
Alaska
Arizona
Arkansas
Colorado
Connecticut
Delaware
Georgia
Idaho
Illinois
Indiana
Kansas
Maine
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Mexico
North Dakota
Ohio
Oklahoma
Rhode Island
South Dakota
Tennessee
Utah
Virginia
Washington
Wyoming
6. What should I do if I want to enroll debts that have an authorized user in a debt management program?
Since both debt negotiation and credit counseling will have negative effects on your credit report, it is best to call the credit card company and request any authorized users be taken off the account prior to using these services. As long as you are not confusing an authorized user with a co-signor or co-applicant, the creditors are obligated to honor your request.
Want to get help with your debts? Let PayingPaul.Com match you with a pre-qualified and reputable company now!
In general, there are two types of debt assistance: credit counseling & debt settlement. Each one has unique advantages and disadvantages, so fill out a form if you would like to discuss this with a debt professional.
Credit Counseling: Need Help With Your Interest Rate?
Credit counseling is a type of credit card debt management that aims specifically at reducing interest charges. Generally, in a credit counseling program, one’s monthly payment is reduced somewhat, and you are able to become debt free in four to five years. Many providers of these programs are non-profit, but this does not necessarily mean their services are either affordable or legitimate. As with any credit card service , investigate any company prior to enrolling in their program or filling out their forms.
Debt Settlement: A Solution For Consumers With A Hardship
Debt settlement is a debt service that aims at reducing your credit card debt and getting you out of debt fast. Generally, debt settlement, also known as debt negotiation, can help you pay off debt in as little as 1 to 3 years, reduce your debt by as much as 40-60%, and lower your payments considerably. The savings in debt settlement are far more dramatic, but it typically only an appropriate debt optionfor consumers with a lot of debt and are in jeopardy of filing bankruptcy. To get a quote, simply fill out a form and PayingPaul.com will direct your information to a program that can help!
Credit Management Questions
1. Is there a time when credit card debt is actually a good thing?
Yes. In its very essence, credit cards are not necessarily a bad thing, despite everything you may hear in the news and media. The problem with credit cards arises when the large banks target consumers who can barely pay or when card holders abuse their credit, whether intentionally or not.
The savvy consumer uses credit cards wisely to save money. As interest rates rise, some consumers are transferring home equity loans to their credit cards, which not only has a lower interest rate but is no longer secured by their most important asset---their home.
2. What is the best credit & debt advice you can give to someone who is having trouble getting out of credit card debt?
The simplest piece of advice is to pay more than your minimums. It will be impossible to pay off your debt without doing this. If this isn’t possible, then seek out the help of debt company. You can get matched here by filling out a form.
3. What is a better debt solution –settlement or credit counseling?
Ultimately, a lot of this depends on your goals and situation. If your priority is to get out of debt fast, then debt settlement may be a better option. It’s also a better option for old or bad debt. Credit counseling, on the other hand, tends to be a safer course of action. To determine which debt consolidation choice is more appropriate for you, you may wish to speak with an expert.
4. Should I consider bankruptcy?
Before making any decision about how to deal with your debts, one should carefully consider carefully all of the choices available to them, including bankruptcy. That being said, filing can have a long-lasting and severe impact on your financial future after bankruptcy. Chapter 7 bankruptcy, for example, will stay on your credit for up to 10 years and legal records for up to 20 years. This can have not only a damaging effect on your credit score, but it could adversely affect on getting a new job because a lot of private employers do credit checks prior to offering someone a position.
5. Debt collection agencies keep calling my work. What should I do to deal with this?
Legally a debt collector cannot continue to call you at work once you have notified them that your creditors prohibit such calls. Keep in mind, however, this does not necessarily apply to the original creditor unless you live in:
Another strategy is to tell the creditors that they are jeopardizing your employment and that if you lose your job, you won’t have any income to pay back the debt . Normally they are smart enough to get the point. This is a good approach to use if you live in a state that does not specifically prohibit original creditors from calling you at work after you have told them not to. These states include:
6. What should I do if I want to enroll debts that have an authorized user in a debt management program?
Since both debt negotiation and credit counseling will have negative effects on your credit report, it is best to call the credit card company and request any authorized users be taken off the account prior to using these services. As long as you are not confusing an authorized user with a co-signor or co-applicant, the creditors are obligated to honor your request.
Want to get help with your debts? Let PayingPaul.Com match you with a pre-qualified and reputable company now!