Drug testing

What Are The Benefits and Consequences Of Getting Rid Of Debt The Easy Way

We have all experienced getting so far in debt we don't know how we're going to get out. There are many different options that you have for quick relief with benefits and consequences. You can look at the overview and see which option is the best option for you.


1. Benefits

  • Lower monthly payments

  • No worry of paying multiple debt collectors every month, pay only one agency

  • Percentage of debt charged by consolidation company

  • Costs for Loan

  • Cost for counseling or negotiation

2. Negatives

  • Appears on your credit like bankruptcy

  • Requires you to get another loan

  • If you own a home loan will be tied to your equity

  • Takes between 5 and 10 years to pay off the loan

  • First few years no big change in debt reduction

  • Does not always prevent creditors from future legal collection action


1. Benefits

  • Costs between $700-$3000

2. Negatives

  • On credit report for ten years

  • Finances made public record

  • No assets are allowed with Chapter7

  • Creditors can file adversarial hearing that costs $3000

  • Credit severely damaged

Debt Relief Program

1. Benefits

  • Payments can stop as soon as the program starts

  • Credit Repair available after a short time

  • Good credit repair options available

3. Negatives

  • Usually only credit card debt and unsecured signature loan

About The Author

Marcus Ware is the webmaster of www.waresbusiness.com and promotor of affiliate products.


limousine chicago service
In The News:

Future Secured? Oh Really?

A headline for a retirement annuities flyer declares "Future Secured!"... Read More

Budget the Luxuries First!

Strictly speaking, his advice was preceded by another Heinlein maxim... Read More

Start Small and Your Wealth Will Get Bigger

We've all heard the phrase, "You have to start somewhere."... Read More

Debt Free Living - 5 Tips To Get Out Of Debt

A few times I wonder what sort of credit system... Read More

The Human Side - Debt Stress

In all the technical discussion you hear about credit... Read More

British Families and Debt

There is current concern from the Bank of England that... Read More

Bankruptcy Interest Increases as Deadline Approaches

Congress recently passed sweeping legislation that will significantly reform American... Read More

Do It Yourself Debt Relief

With mounting bills and unforeseen hardships, you may be considering... Read More

Yes to Less Debt

Feeling stressed by the amount of debts you have? Three... Read More

Deal with All Your Debts with Care!

Lots of people take a large ammount of loans and... Read More

Debt and Your Dreams

You may not realize what that credit card bill is... Read More

Life on a Debt Management Program

Signing up for a debt management program is easy; it's... Read More

Life After Bankruptcy

Bankruptcy and Credit - What Happens After Your Debts Are... Read More

Debt Relief -- Why Most Programs Have A 75% Failure Rate

Debt consolidation, equity loans, credit counseling, debt management plans, even... Read More

Your Ticket Out of Debt Relief

If you are in debt over your head and wondering... Read More

Is Independence Overrated?

Happy Independence Day from The Money Motivator!If you don't celebrate... Read More

What is Bankruptcy?

Here is a useful guide to bankruptcy. It should be... Read More

Personal Bankruptcy: Last Option To Legally Stop Bill Collectors

Do you have stacks of unpaid bills?Are you in debt?Are... Read More

How to Choose a Debt Settlement Company

As consumer debt continues to spiral out of control, debt... Read More

The ONE Law You Should Be Breaking

There is a law all smart people break.Parkinson's law.Parkinson's law... Read More

Debt Consolidation and Personal Finances: Learn the Truth!

An inability to manage credit, growing debt and bankruptcy are... Read More

What is Debt Settlement?

Debt settlement is the process of negotiating with your creditors... Read More

How to Protect Yourself: Debt Collections

So you are getting collection calls? You're desk is full... Read More

How Do You Spell Debt Relief?

Of all the problems possible in a marriage, finances cause... Read More

Bankruptcy: What You Need to Know

Personal bankruptcy is a legal way to give people with... Read More

usa led manufacturing led replacement light bulbs Pete's produce ..