Debt Settlement
For most people, debt settlement is the right solution to get back on track quickly.
How does Debt Settlement Work?
Settling your debt means coming up with a specific plan of action to get you out of debt.
This plan may be formal, or informal, and may or may not need the agreement or consent of your creditors.
A debt settlement plan may include one or more of the following steps:
- Contact your creditors to negotiate a payment plan or settlement amount;
- Refinance existing loans or do a debt consolidation;
- Consumer proposal;
- Liquidate an asset to free up cash;
Needless to say, YOUR debt settlement plan needs to be tailored to YOUR specific situation. Factors that will determine the most effective plan for you include the following:
- The causes of your financial problems;
- Your monthly income, living expenses and family situation;
- Your debt load and the types of debts you have;
- Assets you might own and want to protect such as a house, vehicle or investments;
- Legal actions taken by your creditors such as collection letters, judgments and garnishments.
Analyzing your situation to come up with the right debt settlement plan can be a daunting exercise. Let us help you. We provide free confidential consultations.
To learn more, contact us or click on How We Can Help Settle Your Debt.
Settling your debt means coming up with a specific plan of action to get you out of debt. Let us help you. We provide free confidential consultations.
