Find the best solution for you
If you’re in debt and trying to determine the best way to pay it off, you have several different options. In addition to a couple do-it-yourself strategies, your other choices include a debt consolidation loan, credit counseling, debt settlement, a cash-out refinance, or bankruptcy.
If you’re wondering “which one is right for me?”, the answer depends on how much you owe, what type of debt you have, and a few other factors. Keep reading to find out which option is best for your particular situation.
Since everybody has a unique situation, the debt solution that may work for you may be the wrong choice for someone else. Below is a brief overview of six of the most common solutions for paying off debt. Which ones seem like they might be the right options for your type of debt?
How It Works
Hire a company to negotiate with your creditors and reduce what you owe.
Debt Range
More Than $10,000
Debt Type
Credit card, personal loan, medical, business, department store
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– NAME HERE
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This is where you explain your refund policy and any other guarantee you offer like a 14 day guarantee, if they aren’t satisfied they can ask for a refund. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Praesent vehicula odio vitae sem pharetra, ac vulputate urna accumsan. Vestibulum non commodo lectus.
Include a short bio and introduction that explains who you are, why they should trust you and listen to you, and how you can help them. Keep it short and sweet.
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How It Works
Roll multiple debts into a single, lower payment with a loan.
Debt Range
Less than $5,000
Debt Type
Credit card, personal loan, medical, business, taxes, student loan
How It Works
Focus on paying off one debt at a time, creating a budget that allows you to have extra cash each month to do so.
Debt Range
Less than $10,000
Debt Type
Credit card, personal loan, medical, business, taxes, student loan, mortgage, auto loan
Once you’ve narrowed down your choices, take time to dig deeper into the details of each debt solution. Doing your research will help ensure that when you finally decide on how you’re going to pay off your debt, you’ll have a better chance of success.
Here are 3 important quations you should ask yourself to find the best soultion for you
Less Than $5,000 Most debt settlement programs require you to have a minimum of $10,000 in unsecured debt.
If you owe less than $10k, it would be better to choose Debt consolidation loan, or opt for the Do-it-yourself option.
Excellent or Good: If your credit score is above 650, consolidating your debt to one Loan might help your
Fair or Poor:
This include debt from credit card, personal loans, medical, business and/or department store.
Identify with your ideal audiences’ struggle, how did you find a solution and become an expert. Establish trust and human interest.
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