Wouldn't it be nice if you could eliminate up to as much as 70% of your debt and become debt free? Well if you take the advice and help of a debt relief company, there is no reason why eliminating debt of up to this amount is not possible.
How can I eliminate my debts? It may be possible for you to eliminate your financial problems this way if your debts are classed as being unsecured debt.
For instance, this means unsecured loans, credit cards, medical bills or store card debt.
You typically cannot include your mortgage or car loan in with this, if you have debts such as these then you need to seek a different form of debt advice.
When you enter into a debt settlement plan, you are typically able to pay off debt over a period of between 18 and 36 months.
This is a great alternative to filing for bankruptcy and your credit rating may not be affected as much as it is if you were to enter into bankruptcy.
For example if you have debts of around $10,000 you may be able to reduce this by half and pay this off over a period of 3 years by making a monthly payment that has been agreed upon at the time of entering into the debt settlement plan.
Take advice with a relief company for the best results Eliminating debt yourself may be possible, if you contact your creditors.
However, you may achieve much better results by going with a specialist in debt management as they have the experience behind them and are used to working with lenders.
You also have the advantage of the whole process being undertaken by a debt company, which includes them meeting your creditors on your behalf and getting them to agree to the plan.
To summarise, eliminating your financial problems is possible with the advice and help from a settlement company and they may be able to you to reduce your debt by 30% to 70%.
Always think carefully before entering into any debt plan, as it is essential for you to continue meeting the agreed repayments.