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Slash Your Debts Using Bad Credit Debt Consolidation Loans Debt Solutions Reduced Interest There are traditionally five ways you can eliminate your debt. 1 Improves Credit Score 3. Debt Settlement Reduced Interest Rates 2. Interest Rate Arbitration Create Solid Financial Plan & Budget 2 TRANSCRIPT
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Slash Your Debts Using Bad Credit Debt Consolidation Loans
If you are like many today, you fought hard to keep your finances above
water, falling behind on payments and even default while you scrambled to come
up with the money you need. Meanwhile, your credit score was diving as you
fought to do the right thing, and now you may find that your bad credit prevents
you from qualifying for some of the bankruptcy alternatives you have explored.
The good news is that there are debt consolidation programs that specialize in
offering people with bad credit a second chance. These services
http://www.cashdebtloans.com/bad-credit.html offer you debt restructuring options
that can dramatically reduce your monthly payments and provide instant relief...
Debt Solutions
There are traditionally five ways you can eliminate your debt.
1. Debt Management
A debt management program involves working with a professional debt
consultant to help you pay down your debts and create a workable monthly budget
to keep you on track for financial success. Benefits Include:
Reduced Interest
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Late Fee Forgiveness In Some Cases
Create Solid Financial Plan & Budget
2. Interest Rate Arbitration
This option is pursued by contracting a third party to negotiate on your
behalf with your lenders to lower interest rates based on your financial hardship.
Your contracted debt professional uses the leverage of loan consolidation to
persuade your lenders to forgive a percentage of your debt. Benefits Include:
Lowered Monthly Bills
One Easy To Manage Monthly Payment
Improves Credit Score
3. Debt Settlement
Debt settlement is achieved when your creditors agree to lower your amount
owed by as much as 70%. This is possible because the lenders, in most cases, will
accept a smaller payoff in lieu of your outright default on your debt through
bankruptcy. Benefits Include:
Reduced Interest Rates
Reduced Debt Balances
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4. Chapter 13 Bankruptcy
Filing chapter 13 bankruptcy involves the court system to create and monitor
a manageable debt repayment plan. Benefits Include:
Dramatically Improves Interest Rates and Terms on Debt Owed
Principle Debt Balance Owed Reduced
Assets Protected From Seizure
Credit Score Impacted Negatively
5. Chapter 7 Bankruptcy
Filing for chapter 7 involves forfeiting your assets to a court appointed
trustee for liquidation in which your creditors are paid off from the proceeds. Some
assets can be protected in a Chapter 7 bankruptcy, but we recommend you speak
with an attorney to address your unique situation. Benefits Include:
Your Debt Obligations Can Be Eliminated
Second Chance Fresh Start
Credit Score Impacted Dramatically - Long Term Consequences
Dealing With Court System Can Have Unexpected Results
Bad Credit Debt Consolidation
Debt consolidation loans for people with bad credit provides the ideal
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alternative to dealing with the court system and all the involved legal fees for those
looking to find relief to their debt situation. Reputable debt lenders offer bad credit
programs and fight with your lenders to settle for pennies on the dollar. Your high
interest obligations are rolled into a longer term lower interest loan, and in some
cases, up to 70% of what you owed can be forgiven outright through settlement!
To continue reading the rest of the article and find out our
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