Debt.com chairman Howard Dvorkin, CPA, answers three questions from readers wondering when their credit scores will bounce back.
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Understand Your Options for Debt Relief
If you’re facing problems with debt, it’s probably starting to take over your life. Financial stress can make it hard to sleep, hard to focus at work and can cause serious problems with your health and home life. When traditional payments don’t work or aren’t working fast enough, you need to find debt relief. This means finding the right solution to pay off debt in a way that works for your needs, goals and budget. Whether you want to reduce interest charges, lower your monthly payments, or find solutions to get out of debt fast, Debt.com can connect you with the accredited debt relief services you need.
[On-screen text] Welcome to the Debt.com Solution Center
Hello and welcome to Debt.com’s Solution Center. At Debt.com, we’re here to help you find debt relief. From student loans and credit card debt to tax debt and bankruptcy, we have trusted solutions and answers for you.
We’re here to help you launch a strategy to regain stability and build credit. Our solutions include help for credit card debt, student loans, tax debt, credit repair, bankruptcy, and identity theft – just to name a few.
Debt.com can also help you connect with smart financing options, so you can buy a home, refinance existing debt or even fund a small business.
We are A-plus rated by the Better Business Bureau and have helped thousands of people become financially stable. Debt.com, when life happens, we’re here with the solutions you need.
[On-screen text] Debt.com, When life happens… 844-402-3574
NOT SURE WHICH DEBT RELIEF OPTION IS RIGHT FOR YOU?
Debt.com’s resolution specialists will evaluate your debt, credit and budget for free to help you identify the best solution (or solutions) for your needs.
It sounds too good to be true, it’s not. Consolidation rolls similar debts into one monthly payment that is typically less than you paid before. This works for credit card bills, student loans, and even back taxes. If you do it right, you won’t hurt your credit score, either.
So, how do you do it right? Debt.com will show you how to consolidate your debt by yourself, or how to consult a professional who can walk you through it. Even if you go your own way, it doesn’t hurt to consult a certified credit counselor for free debt analysis.
You can also learn about other options like a debt management program or debt settlement. But first, find out if debt consolidation is right for you.
Finding Relief through Debt Consolidation
Debt consolidation takes multiple debts and rolls them into a single monthly payment. This simplifies your bill payment calendar, so it’s easier to keep up with your debt each month. At the same time, you reduce or eliminate interest charges applied to the consolidated balance. This allows you to get out of debt faster, because more of each payment goes to eliminate principal. You stop wasting money on accrued monthly interest charges. What’s more, in many cases, you may end up paying less each month and still get out of debt in half the time.Learn More
Mapping America’s Need for Consumer Debt Relief
According to the Federal Reserve, Americans now owe almost $4 trillion in consumer debt. That includes over $927 billion on credit cards and over $1 trillion in student loans. Consumer debt levels are now higher than they were at the start of the Great Recession, and default rates are approaching pre-recession levels, as well. One-third of all Americans currently have at least one debt in collections. This map shows the state of consumer debt in the U.S. today.More Statistics
FIND THE BEST DEBT RELIEF PROGRAM FOR YOUR NEEDS
Debt.com only works with accredited debt relief service companies that are highly rated by the Better Business Bureau. We’ll connect you with the services you need, so you can get relief.
NO MATTER WHAT TYPE OF CHALLENGES WITH DEBT YOU FACE, WE CAN HELP YOU FIND SOLUTIONS THAT WORK
Let Debt.com match you with right debt relief services for your needs, goals and unique financial situation.
Have Questions about Debt Relief?
Debt.com’s panel of certified debt and credit experts have the answers you need. Whether you need information about refinancing and consolidation or the best way to pay off certain types of debt, our experts can help you get informed, so you can make the right choices when it comes to financing and debt. These are some of our most popular questions about debt. If you don’t see the answer you need, just hit the “Ask a Question” button below.
A reader is mad because it’s happened to her – and she’s never been late with a payment.
A reader walked out of a store that took credit cards only. Can he sue them?
Canceling a credit card may negatively affect your score. Learn how to cancel a credit card to minimize the damage and how to decide which card to close.
A reader wants to know if having 12 of them is helping or hurting her.
A reader wonders what to do after accidentally reporting a charge-off as ID theft.
Debt consolidation loans don’t always work, especially if you run up new credit card balances too quickly. Know the right time to consolidate your credit.
Credit reports from different reporting agencies don’t always match. In some cases, those discrepancies can have a big impact on your score.
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