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.

Debt Consolidation Loans

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Debt Relief Program

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Debt Settlement

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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.

FREE EVALUATION

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.

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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.

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Debt Relief Statistics Map

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.

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Debt Relief How-To Guides

Part of the challenge that comes with getting out of debt is knowing exactly what steps you need to take. Most people don’t know about the various debt relief solutions available until they need them. That can make for a steep learning curve that you can’t afford. That’s why Debt.com has created a series of how-to guides that will walk you step-by-step through various solutions to get out of debt. This way, you can know what to expect and find the best debt relief solution for your needs.

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UNDERSTAND YOUR DEBT

The more you know about your debt, the easier it is to understand how to make progress in paying it off. These resources help you understand how debt works, so you can make smarter choices for getting out of it.

GETTING OUT OF DEBT

There’s no shortage of challenges you can face as you try to work your way out of debt. Which debt do you pay off first and which debts can wait?  Which types of debt qualify for settlement and which don’t? Knowing the answers to these questions can be key if you want to get out of debt in the least amount of time for the least amount of money.

DEBT CONSOLIDATION

If you’re juggling multiple bills on debts with high interest rates, debt consolidation allows you to simplify things. You combine multiple debts into a single monthly payment at the lowest interest rate possible. You usually do this with new financing, although there are also consolidation programs available if you need professional help.

DEBT SETTLEMENT

Debt settlement is one solution that can save you serious time and money as you work to get out of debt. You settle an account for a percentage of what you owe. While this may cause some damage to your credit, it’s often the fastest, cheapest way to become debt free without declaring bankruptcy, so it’s worth your time to consider.

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.

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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.

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