Do you have Credit Card Debt of More than $5,000?
“A budget is just a method of worrying before you spend money, as well afterward” .Anonymous
The major question, you need to ask yourself can I work within a structured budget to get me out of my financial mess? If the answer is yes, then a debt settlement program may be right for you at this time. Because you have taken the first step in understanding you situation and tackling it head-on.
By using a debt settlement program, you will be to stop the endless cycle of making only the minimum monthly payments on your credit cards and making no headway on your balances. This program has you saving a percent or set amount each month and as that balance grows, it allows the settlement process to being.
Here is an example:
Account Current Balance Balance at Settlement Amount Settled For Settlement %
Creditor A $ 2,500 $ 2,750 $ 1,350 49%
Creditor B $ 4,000 $ 4,500 $ 2,250 50%
Creditor C $ 8,000 $ 8,500 $ 3,350 40%
Total $14,500 $15,750 $ 4,950 31%
As you can see from the chart, you could be able to settlement for almost half of your outstanding credit card balance. You need to ask yourself, how long would it take to off of my credit cards by myself? If you make only the monthly minimum, you a basically paying only interest and very little principal. So it could take you more than 8 years to paid off your debt verses using a debt settlement program.
As any example, if your current monthly minimum payment are at $750 and this is a struggle but you could pay $450 a month. Then it would take approximately 12 months to become debt free using a debt settlement program. Does that see too easy. Will it’s not! It will require a stead fast need to save and control your current spending. But by choosing a debt settlement program, you will be free of the constant worry of how do I pay my bills on time and get myself out of debt.
The time is now to chose a debt settlement for yourself and your family. You have already taken the first step now take the second and call.
