Debt Reduction Service

Mortgage and Lending with Debt Reduction Services

debt reduction program

Off-times many people feel that once they are in debt, they will always are in debt. That is simply not the case. Many people who are in debt have the desire to become debt free but have a great fear of telling anyone about their situation. Debt reduction and elimination services are there to help those who are struggling with debt issues. It will help you develop a realistic budget and they will even help you in contacting your creditors. In a nutshell both debt reduction and elimination work to get you financial freedom.

A debt reduction service has developed strong ties with creditors. Once you have supplied your debt reduction specialist with a thorough list of your creditors, they will contact them on your behalf. A debt reduction will negotiate a payment plan with your creditors to pay a lower balance according to your new budget. Typically, those who request debt reduction services are individuals who are considering the option of bankruptcy as a form of clearing out their debt. Three of the major benefits of enlisting in a debt reduction program is that you can lower your monthly bills into one payment, avoid bankruptcy and you can become debt free in less than five years, depending upon your personal financial situation. According to statistics, 50% of people who enroll in debt reduction services stick to their plan. And as a result-they become debt free.

Debt elimination programs help to reduce your debt by eliminating your penalties or any charges or fees and improve your financial situation. But this will ultimately depend on your precise financial situation that is your amount of debt, income, commitments, overdue debts etc. Generally it is used for the credit cards debts called credit card debt reduction. The added advantage is that you will be able to stop all those phone calls from collection agencies almost instantly. That's because the debt collectors will be forbidden by law from calling you once the debt elimination agency starts working for you.

Enrolling into debt reduction service and elimination service will help to reduce your debts and you would start seeing a monthly savings right away. It has helped millions of people to save money each month and allowed them to enjoy life again.

Comments (8)

Lori Isaacson
Credit Restoration Consultants - Plantation, FL

Hi Nick,

On behalf of Credit Restoration Consultants and the 106,600 plus member of Active Rain I want welcome you to the AR family. Please feel free to contact me if you have any questons. Good luck in the world of blogging.

Best Wishes,

Lori Isaacson

Aug 29, 2008 01:22 AM
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

Aug 29, 2008 01:55 AM
Dwayne West
Atlanta Real Estate - Canton, GA
Canton Georgia Real Estate

Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.

Aug 29, 2008 05:42 AM
Patricia Fisher
Keller Williams Realty - Spartanburg, SC

Welcome to the Active Rain Community!  This is a great site to network, learn, and share ideas with others.  Have a great day!

Aug 29, 2008 10:14 AM
Kevin Wood,
Keller Williams Southern Arizona - Tucson, AZ
Tucson, AZ Realtor


Thank you for sharing your perspective. I wish you the best of luck with your future blogging. This is an awesome place to learn and grow.

Aug 29, 2008 11:32 AM
Scott Magaw
The Bill Kennedy Team - Keller Williams Realty - Spartanburg, SC

Welcome to active rain! This is a great place for learning as well as sharing.  Join some groups, check out some blogs, and most important, write often!  Write about whatever's on your mind.  Good luck!

Aug 29, 2008 01:43 PM
Peg Gilliland
Charlottesville Solutions - Charlottesville, VA
Broker, GRI, CDPE

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

Aug 31, 2008 10:42 AM
Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.  Have fun with it and hope to see more of your blogs soon!

Sep 01, 2008 12:04 AM