If you're in serious debt, you know how hard it can be. There's the harassing phone calls, the threatening notices and insufficient funds to cover anything more than the necessities. And it feels like you can hardly keep up. You're nowhere near paying it off, and thanks to high interest rates, the debt isn't getting any smaller.
You might find comfort in knowing that you're not alone. But if you have more than $15,000 in debt, you could get your debt under control and regain control of your life with this free debt-relief service.
Let a Professional Renegotiate Your Debt
There's more than one way to approach your debt. But not every path is right for everyone. But a company called Debt Advisor works with experts who will help you determine what's best for your financial situation. In some cases, debt settlement might be right for you. Down this path, you'd look for a company willing to take your case and enroll you in their settlement program.
Here's how it works: Your financial advisors work with your lenders to settle on a lump sum settlement â" usually less than the total amount you owed. This could mean lower monthly payments and could save you money in the long run. Debt settlement programs can take several years to complete, but it might be the best option for you.
You might have to pay toward the settlement in a separate escrow account, so your monthly payments might not count towards your troubled accounts.
If a deal is reached and you stick to making your payments, you might once again find your mailbox packed with credit card offers â" annoying, but that's actually a good thing.
Find the Best Solution for You
There is a way back to financial freedom. Just answer a few questions online to connect with one of Debt Advisor's financial consultants. They'll help you decide what the best solution is for your situation â" and you'll be that much closer to getting your financial life back on track.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
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