Plan Debt Consolidation
 

Achieving a Debt - Free Life During the Economic Crisis

Many American’s are finding that implementing a more stringent budget is not enough to keep up with the current economic crisis. In fact, many Americans find that they are drowning in debt with thousands upon thousands of dollars owed. Paying off this debt is not an easy feat. In fact, it is often near impossible. For these reasons, a real debt solution is often sought in order to help ease the pressure of rising monthly bills.

Debt consolidation is often the best solution in order to ease the burden of high monthly payments and get you back into a debt free life. Many people enrolled in a reputable program find that their payments drop significantly, up to 60%! In addition, the payback period can decrease from 30 years to just 24 months, allowing for a newfound relief.

What Exactly Is Debt Consolidation?

Managing your debt can often be a confusing experience. This does not need to be the case when you do your research. This will help you find a real debt solution that you can live with.

One popular solution is called debt consolidation. This is where a person with a great deal of debt takes out a lone and consolidates all of their unsecured debts into one. This makes life easier, allowing you to pay just one monthly bill instead of several. At the same time, the debt consolidation company will reduce the overall debt by eliminating interest payments, waving fees, and negotiate with creditors in order to create one manageable monthly payment for you.

How Debt Consolidation Works

Debt consolidation works by combining your debts into one payment and negotiating terms with a creditor. These negotiations are only successful when performed by an expert.

Here's a working example of how debt consolidation can work:

Let’s say that you have accumulated debt on two different credit card as well as a medical bill. The details are as follows:

• Balance on credit card A with a 15% interest rate: $15,000
• Balance on credit card B with a 20% interest rate: $12,000
• Balance on unpaid medical bills with a 13% interest rate: $13,000

This means that the average interest rate will be equal to 16% (15%+20%=13%)

After becoming involved in a debt consolidation rate, your interest rates will be negotiated down. There is no guarantee is to the actual rate, but for the interest of this example we will use modest figures:

• Credit card A: 10%
• Credit card B: 16%
• Medical bill: 10%

Your new average interest rate is now 12% (10% + 16% + 10%)

With a total debt of $40,000, you’ll save 4% (16% - 12%) on your monthly payments which amounts to $1,600 each month.

There is no specified amount of savings for your debt, it all depends on what you owe and who you owe it to. You can receive a debt consolidation quote in order to get a specified estimate for your potential savings.

Characteristics of a Good Debt Consolidation Service

There are many different companies available that offer debt consolidation services. It is important to note that no two companies are the same. Some offer sound debt consolidation services while others fall short and are nothing more than a gimmick. It is important to be on the lookout for the good and not so good services in order to find one that can provide a long-term solution for you. The following are characteristics of great debt consolidation companies:

• Quality customer service
• Require personal and debt information
• Listen to you and your situation
• Proof of security
• Often charge a small fee
• No penalties for paying off debt early
• Offer realistic (not too low) rates
• Require minimum payments

It is important when keeping these characteristics in mind that a debt consolidation company will provide a great deal of debt relief, but it will not perform miracles. That means that if an offer sounds too good to be true, it probably is. You should receive a reasonable rate and could likely save thousands of dollars, however, your rate will never go down to 0% and you won’t eliminate your debts completely without making any payments. In addition, a company should ask to hear about your situation and obtain all the necessary information in order to achieve results. You should need to speak with someone about your debts before being put on a plan.

Number One: CuraDebt

CuraDebt is the number one debt consolidation company that truly cares about you and your issues. They are completely safe, secure, and confidential guaranteeing customer satisfaction. This guarantee isn’t just talk but is in fact written which will provide you with the peace of mind you need when dealing with debt. Overall, CuraDebt has an extremely high reputation and is known as the nation’s finest debt consolidator.

CuraDebt has been known to save customers up to 70% on all unsecured debts. They provide a free debt analysis online in just thirty seconds to help you see what your options are and how they can help you. CuraDebt will never keep your money unless you are satisfied with the service you have received. They have been awarded with countless rewards and certificates for high performance and satisfaction in their field. This service is truly the best you can obtain and will take you on the road to financial security in the shortest possible length of time.

The financial services available with CuraDebt are impeccable. The staff are extremely well organized and friendly. Besides debt consolidation, this service offers negotiation of debt and consumer credit counseling. They have the highest success rate of reducing personal loans, by more than 50% in most cases!

Many positive long-term relationships have been built between CuraDebt and various creditors. This makes it easier for the company to negotiate your debts for you and provides you with a higher success rate than any other company. This is due to the great leverage they have. When using this service, you have the option to negotiate both lump sum and payment plan options.

To take advantage of this top-notch debt consolidation service, you will first need to have your needs assessed. You will quickly receive a free online consultation. After this consultation, you will be able to decide how to proceed and will be contacted over the phone in order to proceed. To begin this simple process to debt-free living, visit the following website: http://www.curadebt.com/freeconsultation.asp?a_=4b5dd73c04981&data1=384a303f

Number Two: Care One Credit

Care One Credit is our second rated debt consolidation company. It is actually a combination of five different financial services groups that come together to help you. In this case, the customer visits the website and fills out a questionnaire for free. Once this is filled out, your needs are assed and the company best matched to meet your needs contacts you to continue the process. This is a great way to match your needs up to the best company in order to find the best way to fight your debt.

Endorsed by MSNBC and Time magazine, Care One Credit works to get you out of debt. With these services, you will be able to consolidate your overall debt, reduce your monthly payments, decrease your interest rates that you are paying, waive all late fees, and completely eliminate collection calls. These things occur immediately and will be enough to make you happy that you chose this debt solution.

Anyone with a debt of $2,500 and up can utilize the Care One Credit services. You will find a variety of services including debt consolidation, settlement, and counseling available. You will be advised to use one or a combination of more than one of these solutions in order to meet your debt management needs.

On average, utilizing the services of Care One Credit will cut your monthly payments by up to 57%. It is a reliable choice since it is a company that maintains high standards and is a member in good standing of the Better Business Bureau.

Filling out your application is quick and easy and can be completed entirely online. Taking this step will be the first step you need in order to achieve the peace of mind of debt-free living. In addition, you will find that the customer service is excellent and that you will be listened to and your debt issues will be quickly and appropriately resolved. In order to learn more about what specifically can help you in your situation, visit the following website and fill out your own application today: http://www.careonecredit.com/ICO/Landings/Landing.aspx?bid=28&aid=CD2178&opt=c963a803