Consolidating debt debt management service
Debt settlement and debt consolidation are two forms of financial help for people struggling with more debt than they can repay.The two terms are often used interchangeably, which leads to a great deal of confusion on the part of consumers, who may not realize that these are vastly different debt relief services.Regardless of how you got there, we understand what it’s like to be in debt, and we know what it takes to become debt-free.We are committed to helping people in Colorado achieve financial freedom.However, according to Realty (a foreclosure data aggregator) Colorado is currently experiencing a high rate of foreclosure.They estimate that one in every 677 housing units is now in foreclosure.
Even though residents are averaging higher salaries, Colorado residents are carrying higher amounts of consumer debt.The pros and cons of debt settlement and debt consolidation vary, especially with regard to the amount of time it will take to eliminate debts and the impact it will have on your credit score. When used properly, either can help you get out of debt sooner and save money. The prospect of paying less than you owe — far less in some cases — makes debt settlement an enticing choice for eliminating debt.It is also a risky one, a debt relief option so fraught with misunderstanding and negatives that most financial experts would recommend it only as a last resort. You, or a representative negotiating for you, make an offer to your creditor to settle the debt for less than what is owed.Your unsecured debts will be paid back in full with payments you can manage in our debt management program.
Another option for debt consolidation is our debt settlement program.Call to speak to one of our Certified Personal Finance Counselors today to learn more about your options and to receive a free debt relief analysis.