How Can Debt Settlement Help With Debt-Free Counseling?
If you are anything like the average American, you probably feel the pressure of being overwhelmed by debt. The average household carries over $130K in debt, a number that can cause stress and anxiety in most people. The good news is that you have options. While getting out of debt may feel like a huge undertaking, it’s possible for anyone, and you do not have to do it alone. Debt-free counseling is a service many companies offer that can help you learn how to manage a budget and live a life free from debt. Let’s learn more about debt-free counseling and how debt settlement may be a crucial first step to living debt-free.
What is Debt-Free Counseling?
Debt-free counseling is a service offered by for-profit and non-profit companies that helps you get your finances in order so that you can start living a financially healthier life. With debt counseling, you will speak with a counselor to review your monthly expenses and create a budget that fits your goals. In working with a debt-free counselor (also frequently called a credit counselor), you will learn how to get out of debt and stay out of debt. The specific budget and program will vary based on your situation. Debt-free counseling is often an excellent way for many families to take control of their finances. You can learn how to stop living paycheck to paycheck, start saving money, and get out of debt.
Can Debt Settlement Help With Debt-Free Counseling?
For many people, the amount of debt they have is more than they can pay off in a reasonable amount of time. When you factor in interest rates, it can often feel hopeless. In these cases, debt settlement may be the best option. Debt settlement attempts to reduce the amount of debt you owe to your creditors and is often accomplished for you by debt settlement companies, like UmbrellaDEBT. With debt settlement, experienced debt negotiators contact creditors for you and may negotiate a lower amount for you to pay. You will continue paying the creditor directly, either in a lump sum or through an agreed-upon payment plan.
Lowering the amount of debt you have can feel like a weight has been lifted off your shoulders. For many people, debt settlement is the step that illuminates the light at the end of the tunnel. Once the amount you owe is reduced, you can begin to work with a debt-free counselor to take charge of your finances fully. There are several other advantages of debt settlement:
- Debt settlement may be an excellent alternative to filing for bankruptcy.
- It is often the most affordable way to reduce your debt and get back in control of your finances.
How can UmbrellaDEBT Help?
Feeling overwhelmed by debt is an unfortunate reality for many families. But with debt settlement and debt-free counseling, there is hope. If you are ready to make a change and take control of your finances, UmbrellaDEBT can help. Our experienced debt negotiators will work closely with you and your creditors to lower your debts. You’ll feel confident knowing you are in good hands, and on your way to financial freedom. If you are ready to get started, contact UmbrellaDEBT today.