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Over $100,000 In Debt -- Now Debt Free Without Claiming Bankruptcy
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  1. 1. ==== ====READY TO TAKE CONTROL OF YOUR FINANCES? ====If your debt has become out of control then it may be the time you look for debt relief programs.These services are provided to consumers who are in financial difficulties by lowering their creditcard debt in which they reduce the interest rates and outstanding balance. Although the debt is stillpaid off but it is lowered than the original amount owed. It is recommended that people firstattempt debt relief programs and then come to filing for bankruptcy when there is no choice left.Relief programs can be only provided on unsecured loans. Unsecured loans are those loans whichare not against any asset, and that is why they are expensive. In todays recessionary times, it hasbecome very difficult for a consumer to escape an unsecured debt. They owe more than theirincome and this lead to a lot of complications.Interest rates are high on the unsecured loans and this makes a lot of bill at the end of eachmonth. Like in credit cards there is very high interest rate charged and late fees and penalties arealso charged. This can add a lot to your outstanding amount and create a lot of problems whicheventually lead you to file for bankruptcy.When you enroll in a debt relief program, first they analyze your situation and then explore theways through which they can provide you debt relief. There are different options for different debtcases, in some cases there is only improvement needed in the income and expenses, so they cancreate a proper budget plan for you to get rid of debt. In other cases they can use debt settlement,debt consolidation loan or even bankruptcy. Bankruptcy is put as the last resort when there is notoption left.The debt relief program works to reduce the total amount of the debt and consolidate it into asingle affordable monthly payment. The most difficult part is to negotiate with the creditors toconvince them to accept the reduced amount as full. It is very hard to make them agree becausethey want their full amount of money. But when a debt relief program talks to him professionally,he gets no choice but to accept the deal. That is one of the main reasons why it is advised to hirea debt relief program.Debt relief programs are very useful and that is the reason why they are so popular. However,there are many fraudulent companies in the market which cheat on innocent people and leavethem with much worse problems. So be careful in selecting a debt relief program.The best way to find legitimate debt relief programs is to look them in the relief networks. Reliefnetworks have legitimate relief firms as their member after they have passed through a moral andstandardize test. So feel carefree in selecting one their members as they would be real and reliefnetworks can be fully trusted as they are non profit organization only here to help consumers.Moreover, you can choose a relief program which best meets your requirements by checking out
  2. 2. the ratings and customer reviews provided by the relief networks.If you are over $10k in unsecured debt it would be financially prudent for you to consider a debtsettlement. There are organizations that exist called "Free Debt Relief Networks" that are a greatplace to start in locating legitimate debt settlement companies in your region. They provide freedebt help and know where to locate the top performing debt settlement firms. To get free debt helpcheck out the link below:Free Debt Help [].Article Source: ====READY TO TAKE CONTROL OF YOUR FINANCES? ====