Overcoming debt can feel like an uphill battle. Interest rates and penalty fees quickly add up, increasing the total amount you owe. This not only takes a toll on your financial health, but on your mental and emotional well-being as well — many who deal with debt also experience feelings of stress, fear, anxiety, shame and guilt.
Fortunately, there are debt relief strategies and programs you can use to reduce your stress and repay your financial obligations faster. Some debt relief options can even help you lower your interest rates and make repayment more manageable, allowing you to experience financial freedom faster.
Linda's attempt to help a struggling friend led to a massive amount of credit card debt. Accredited Debt Relief helped cut her $30,000 debt in half, giving her peace of mind and a brighter outlook on life.
The ultimate goal of debt relief is to free borrowers from their debts as quickly and easily as possible. Each method removes one or several barriers that make it difficult for borrowers to repay what they owe. For example, debt relief can help to change the terms of a borrowing agreement, consolidate multiple debt obligations into one debt or reduce the principal amount owed.
Debt relief takes a variable amount of time depending on which option you choose. For example, debt settlement programs can take as little as 12 to 48 months to complete, while a debt management program through a credit counselor can last for as long as 60 months.
Depending on the type of debt relief you choose, your credit may be affected initially. For example, bankruptcy can greatly impact your credit score and remain on your report for 7-10 years. Debt settlement programs can also affect your credit as well, but many clients see their credit improve as their enrolled debts are settled and paid off.
Fortunately, changes in your credit score after using a debt relief program don’t last forever. Paying down your debt over time and implementing good habits can help you repair your credit score.
You're paying too much interest or are stuck making only minimum payments
One or more of your credit cards are maxed out or your credit utilization is over 40%
You miss payments or you can’t afford both your monthly payments and basic needs
Your debt is worsening your quality of life, physically or mentally
If you work with a service like Accredited Debt Relief, you can reduce your enrolled debts by up to 50%.
We understand the stress and fear that debt can cause, which is why we want to help improve your finances while saving you money. We’re committed to answering your questions and matching you with customized programs that can help you overcome your debts faster.
At Accredited Debt Relief, we help people in many states discover debt relief programs that fit their needs. Our team has helped resolve more than $500 million in debt for our clients so far, and we’re ready to help you reach your financial goals. Contact us today for a free consultation.
Accredited Debt Relief has helped customers across the country consolidate and resolve their debts. With an A+ BBB rating, we offer customized financial solutions that can help you pay off your debt obligations quicker. Our experienced team can help lower your monthly payments and reduce what you owe overall. To learn more and receive a free, no obligation consultation, contact us today.
Enrolled Debt: $43,922
Final Debt: $21,403
Enrolled Debt: $21,974
Final Debt: $12,797
Enrolled Debt: $24,954
Final Debt: $10,634
* These examples do not include program fees. This is small sample of debt settlements our negotiation team has achieved for our clients. These settlements were obtained for clients who successfully met all of their program terms and received settlement offers. Results may vary, and there are no guarantees that all creditors will agree to settle. These examples are not representative of results in all cases.
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