Debt Relief Options

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Debt Relief Options

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You have options. Let's help you understand them.

Debt Relief Comes in Many Shapes .

So, you are buried in credit card bills. The late fees are piling up. The double-digit interest rates are making it nearly impossible for you to pay down the balance. And you are ready to do something about it? Congratulations! This is an empowering place to be. DebtBlue is here for you and wants you to know about all your options for getting out of credit card debt. Click on an option below to skip to that section and read more!

Option 1: Credit Counseling

Credit counseling provides consumers with guidance on consumer credit, money management, debt management, and budgeting.

Option 2: The Do-It-Yourself Program

You can begin working to reduce your credit card balances in several ways on your own.

Option 3: Bankruptcy

Not always the best option, the main advantage of bankruptcy is the fact that many of your debts will be written off.

Option 4: Debt Consolidation

If you have several high-interest credit cards and the interest rates and fees are getting too high, you can look for a consolidation loan.

Option 5: Debt Resolution

Debt Resolution is the process of having an expert Debt Negotiator work with your creditors to reduce the amount you owe, getting you out of debt in a shorter amount of time.

Option 6: Minimum Monthly Payments

Continue paying the minimum monthly payments on each balance, extending your financial burden and roadmap.

Credit Counseling

Credit counseling is a debt management tool that can help you manage your money and create a plan to pay off your debt. Credit counselors work with you to create a strategy to manage your credit and pay off your debt.

Pros

Cons

DIY Debt Relief

You can begin working to reduce your credit card balances in several ways on your own. This method generally starts with cutting up your credit cards.

Pros

Cons

Bankruptcy

The biggest advantage of bankruptcy is the fact that many of your debts will be written off and discharged. Your debts are legally waived. The downside is that bankruptcy can remain on your credit report for 10 years.

Pros

Cons

Debt Consolidation

Debt Consolidation is just what the name sounds like. It is the process of combining all of your outstanding credit card debts into one or “consolidating” your debts into one single debt. It’s a loan with the goal of better terms than your existing debt.

Pros

Cons

Debt Resolution

Debt Resolution firms negotiate with creditors on your behalf to get them to forgive, settle or take an offer for less than you owe.

Pros

Cons

Minimum Monthly Payments

It can be tempting to just pay the minimum every month. But in the long run, it will cost more money and it could snowball into serious credit card debt if you’re spending more than you can pay off every month.

Pros

Cons

Pay Attention, Not Unreasonable Interest.

The Numbers Speak for Themselves.

A clear understanding of your situation makes it easier to determine which solution will work for you. Different debt management tools offer different results. Below you will find some examples and the impact they can have on your path to financial independence.

Keep in mind that these figures are for example purposes only. For a personalized quote, call us today at +1 800-787-0095 and a trained specialist from our team will discuss your situation and provide you with a solution for your unique circumstances.

$ 20,000 Total Debt Enrolled

Months to Pay Off - 48
Interest Rate - 19%
Total Interest Paid - $8,705
Monthly Payment - $599
Total Cost - $28,705

$ 20,000 Total Debt Enrolled

Months to Pay Off - 36
Interest Rate - 0%
Total Interest Paid - $0
Monthly Payment - $434
Total Cost - $15,591

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$ 20,000 Total Debt Enrolled

Months to Pay Off - 323
Interest Rate - 22%
Total Interest Paid - $30,586
Monthly Payment - $600
Total Cost - $50,586

Balance Reductions and Lower Monthly Payments

When you become part of our debt reduction program, your monthly deposits will likely be lower than monthly payments you are making.

Leave Stress Behind

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Disclosure

I authorize DebtBlue and its affiliated companies to contact me by phone, text, or email. I have read and agree to the Privacy Policy and Terms of Service. All calls may be recorded or monitored for quality assurance and training purposes. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Estimates based on prior results, which will vary based on specific circumstances. Program is not available in all states.