If you are struggling to pay your credit card payments or feeling overwhelmed by loans or other debts, then seeking the help of a debt relief company can help you get out of this financial stress. One of the main advantages of debt relief is that it lowers your interest rate and saves money on interest payments.
When to seek the help of a debt relief firm?
You may consider debt relief if:
- You are late in paying your credit card bills, medical bills, or other loan payments.
- You are facing difficulties to afford your payments.
- You seem to make no progress even though you tried to manage the debt on your own.
- You are thinking of filing for bankruptcy.
Looking for a professional debt relief firm
A professional debt relief firm like Pacific Debt could be a more useful option rather than paying your debts on your own. Pacific Debt is a leading provider of debt relief services headquartered in San Diego, California that can help you get back on the financial track.
They are a for-profit organization operating in 50 states and have been in business since 2002. They have been accredited by the Better Business Bureau (BBB) with an A+ rating. Go through the Pacific Debt reviews which discuss the services offered by the company and how they can help to overcome your credit issues.
Benefits of hiring a debt relief firm
There are some good advantages of hiring a professional debt relief firm.
- You don’t have to file for bankruptcy as it helps you to stay out of debt.
- Your debt will be lowered as the firm bargains with the creditors on your behalf.
- You will save money and time by paying off your debts in a short period.
- They will help you in consolidating your debts into one monthly payment rather than having to pay in many installments.
- You get rid of the harassment and distressing experience from the regular calls made by the debt collectors.
- Debt collectors will also stop bothering you if you have a professional debt relief firm working for you.
Services offered
You get a variety of services from a professional firm like Pacific Debt to help you get out of debt. There are usually two main programs:
- Settlement
- Consolidation
Settlement program
Under this program, the firm negotiates with your creditors so that they agree to accept less than the full amount that you owe. You will then make payments to the firm which they will hold in an escrow account. Once they have enough money in the account, they will pay your creditors and you will be debt-free.
Good debt relief firms will not charge any upfront fees. They will just charge a monthly service fee and a percentage of the debt settlement amount.
Consolidation program
In this program, you will take a loan with very low interest for paying off all your outstanding debts. You will pay one monthly payment to the firm which they will use to pay off your loan.
Hiring a reputed debt relief company will help you settle your debts and get on the path to financial freedom.
