Consumer Debt Options

Debt Relief

You’re not alone struggling with debt.  According to data from the Census Bureau and the Federal Reserve, American households carry a staggering $16,425 in credit card debt.  This amount doesn’t include other unsecured debt like personal loans.  Add a mortgage and a car payment, and it’s easy to see why so many families are overwhelmed.  Making minimum payments will not get you out of the financial prison and could be a path to wage garnishment or bankruptcy.

If you have more than $15,000 in unsecured debt, need financial coaching or credit counseling, or simply debt assistance, visit our partner site by clicking <HERE>.

 

Credit Repair

Credit RepairPersonal or consumer credit is easy to obtain but can be difficult to pay.  Late payments will increase already high rates and paying the minimum will make it seem like you’re in debtor’s prison.  Personal credit is often unsecured, meaning the companies loaning money have no assets to “secure” in the event of non-payment — this is why rates are higher.  

It’s also imperative that you do everything in your power to protect your credit.  The listing below illustrates how long     adverse events stay on your credit report:

 

 

 

  • Late/missed payments – 7 years
  • Collection accounts – 7 years
  • Civil judgments – 7 years
  • Paid tax liens – 7 years
  • Ch 13 Bankruptcy – 7 years
  • Ch 7, 11, 12 Bankruptcy – 10 years

Lifting yourself out of a subprime credit score can lower mortgage, auto loan, insurance and credit card rates significantly.  When was the last time you looked at your credit report?  You may have items that are impairing your score.  If you want help improving your credit score using rights established under the Fair Credit Reporting Act (FCRA) via aggressive strategies and conventional dispute methods, visit our partner site by clicking <HERE>.