If you’re having trouble keeping abreast of all your bills – credit card bills, payday loans, medical bills, etc. – you may be seeking some Florida credit debt relief. But what is the best solution for your needs? There are several types of Florida credit card debt relief programs such as consolidation, settlement and debt management.
With debt consolidation, a debt relief company negotiates on your behalf with your creditors to provide you with reduced interest rates, lower monthly payments, and/or reduced or waived late fees. Using a Florida debt consolidation program you may be able to consolidate all of your unsecured debt into one single payment each month.
With a Florida debt settlement program, a settlement company negotiates to reduce your outstanding balance. A settlement is one way of getting credit card debt relief while avoiding lawsuits, wage garnishment, late payment fees, and over-limit charges.
Debt management involves a credit counseling agency analyzing your financial situation and negotiating with your creditors. Instead of paying your creditors, you send in your monthly payment to the credit counselor who then distributes the payment amongst all your creditors.
If none of the other Florida debt relief services or programs has managed to help you get out of your debt, you can file Chapter 7 and Chapter 13 bankruptcy. Bankruptcy helps you get relief from debt through court intervention. Because bankruptcy ruins your credit history and makes it difficult to qualify for loans and credit, this should be your last resort, however.
At Accredited Debt Relief we will help you evaluate all the debt relief options and information (including how the Florida debt relief act might affect you), understand their pros and cons, and select the best one most suitable for your financial situation. Every case is different because we’re dealing with all sorts of factors, so we will take a holistic approach to your situation and find the best solution for your needs.