This is the quickest and most cost-effective way to eliminate debt without filing for bankruptcy. Through a debt settlement program, professional debt negotiators collaborate with your creditors to reduce your debt to a fraction of the original amount.
These services maintain close relationships with credit card companies and other lenders. In some cases, they can negotiate lower interest rates for their clients, resulting in a partial reduction of the debt.
Consolidation loans combine all your existing payments into a single monthly payment. While it may lead to lower interest rates in some cases, the payment term is often extended compared to the original terms.
Credit card companies profit more when you remain in debt for a longer period of time. The minimum monthly payments usually cover only the interest charges, leaving the principal balance largely untouched. Consequently, a $10,000 balance on a typical credit card remains largely unchanged over time.
Personal bankruptcy should be considered a last resort for debt management due to its long-lasting and extensive consequences. Since the new law came into effect, most people will qualify for Chapter 13 bankruptcy. It is essential to consult an attorney before considering this option.
You're not alone. Millions of Americans are grappling with stagnant wages, excessively high interest rates, and an unstable job market.
Are you seeking a solution to resolve your debt? Have you carefully evaluated the pros and cons of the available debt relief options? There is no one-size-fits-all solution. It is crucial to examine the options and determine which one is best for you and your family.
Our debt specialists at Fast Track Debt Relief are here to review your situation and discuss the different options available to you.
Contact us for a free consultation. You have nothing to lose.
Of all Debt Relief Among all the debt relief program options mentioned above, Fast Track's Debt Settlement Program is the most effective for consumers seeking to settle their debts. We negotiate with your creditors, urging them to accept a one-time, discounted settlement payment. The Fast Track program provides ethical and dedicated service to help you achieve your goals. When we initiate your plan, we establish an affordable monthly payment that is deposited into a settlement account in your name. Once you have accumulated the necessary funds in your settlement account, we will contact your creditors and make settlement offers. We will continue to work with them until all debts in the plan have been settled. Fast Track's goal is to settle all debts in the plan for a significant discount off the outstanding balance.