Are your monthly credit card payments so high you’re not sure how you’re going to pay them? Are your current interest rates through the roof? Is the burden of debt stressful, and you’re wondering where you can turn? Perhaps you’re considering bankruptcy and feel that’s the only answer to reclaiming financial health, but it’s not. There are consumer debt relief programs and debt management options to help you get out of debt.
What Is Debt Management?
When your monthly creditor payments are simply too high, you may not be sure of what to do. Debt management is the process of learning to live on a budget, day by day, no matter the cause of your debt. Consumers can attempt debt management on their own, but many choose to enlist the help of a debt counselor or credit counseling agency.
Many times, a person finds themself in more debt then they can handle, and their first step is to contact a consumer debt relief program to get out of debt. That is the most common first step in debt management – get out of debt, and then build a plan for the future.
Debt relief programs exist so that you can reclaim your financial health, and eventually get to living a stress-free, debt-free life. Debt relief programs supervised by trained debt specialists like those at UmbrellaDEBT can help you learn to live on a budget and get out from under the chains of financial burden.
The experienced staff at UmbrellaDEBT will look at your specific financial situation and share with you the various programs that exist to help you get out from under your debt. They’ll discuss your options with you so that you can choose the right program to eliminate your debt.
You don’t have to take out any loans or secure any more credit cards just to get out from under the heavy blanket of debt. And you don’t have to seek out bankruptcy to do so either.
What Are Your Options Under Debt Management Programs?
Debt management programs may significantly reduce your interest rates and monthly payments. They are individualized programs that take your specific credit situation into account. It’s not a loan, and you are not encouraged to take any additional credit out while you participate in most debt management programs.
Typically, you have about five years for debt management programs to be complete. Most likely, you’ll have reduced interest rates on your unsecured credit which will help make your monthly payments more affordable. By reducing your interest rates you will have more money being applied to the principal balance. This means that you pay the debt off much faster which can save you thousands of dollars!
The purpose of debt management programs is to improve your financial situation. Your debt specialists may offer you tools and resources that will help you gain more control over your money on future expenditures. It’s essential that you pay your agreed-upon payment on time every month to ensure you successfully complete the program.
Debt Settlement: Debt Relief Options That Help You Reclaim Your Financial Health
The trained consultants at UmbrellaDEBT know that the burden of debt is one that weighs heavy. That’s why they put their experience and education to work for you. They work with you to help construct a monthly budget with which you can live and a debt relief plan that will work best for your family.
Many consumers will find that debt settlement is typically the most affordable debt relief option available. We’ll work with your creditors to negotiate terms on your behalf. You will most likely pay a fraction of your debt and those debts will be considered settled.
If you already have accounts that are in collections or about to be past-due, debts ettlement attempts to reduce your overall debt balances, not just your interest rates or payments to creditors. This means you may be able to settle your unsecured debts such as credit cards, personal loans, and medical bills, for less than what you owe.
UmbrellaDEBT specializes in debt relief options to help you get the financial footing you’ve been missing. If one of our debt relief plans will not work for your situation, we may refer you to a debt management plan that can help you.
What Are The Benefits of Debt Management Programs?
When times are financially difficult, debt management programs can help you see the light at the end of the tunnel again. Debt management programs are designed to give you more financial breathing room as you gain help with getting your unsecured debt payments under control.
The burden of debt is substantial; often making you feel like you may be out of any options other than bankruptcy. However, debt management programs can change your financial health for the better.
Why Choose UmbrellaDEBT To Help You Reclaim Financial Freedom?
UmbrellaDEBT has the accreditation and experience in working with credit card companies to help foster the best debt negotiations for you. We know how to work with collection companies and credit card agencies to secure the best offers to you. We want to not only help you get out of debt but live a financially healthy life after you’ve done so. Mostly, we want to walk with you as you get back on the road to financial independence and health!
We are experienced and enthusiastic about helping you. Contact us today to explore your options and get back on the right financial footing.