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| Debt Solutions |
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Getting out of debt is no ease feat. However, there are options and they only require research and planning. For example, for those who have racked on debt for areas such as medical bills and credit cards, perhaps debt consolidation would be the best option. This choice simply takes all of your debt from wherever it has been accumulated and combines them for one interest rate and one monthly bill, rather than several. This is beneficial because often times, the person in debt will be able to gain a much lower interest rate. To figure out whether you may benefit, first start with a few basic calculations.
As an example for interest rate calculations, let's say one credit card has 20% interest, another has 15% interest, and another has 16% interest. Adding all three of these interest rates and dividing by 3 (the amount of credit cards with their respective rates) amounts to an average interest rate of 17%. After consulting with your debt counselor, they will then be able to negotiate better interest rates that may include, perhaps a credit card with an interest rate of 16%, 12%, and 14%. These new interest rates will end up with a new average interest rate of 14% instead of the old 17%. If you owe, let's say, $50,000, you will be able to save $1500 per year just on that difference of 3% alone!
While this may seem like a much better deal, many do fall financial pitfalls when they notice their credit card limits are actually higher, meaning they have more spending room. Do not use this as an excuse to spend more money! The plan of debt consolidation is to get out of debt, so make sure to start depositing steady monthly payments as soon as possible without adding more to this debt. Sooner or later, the one who is forced to deal with these credit card payments will have to face them and begin making payments, so be sure to be proactive enough to make them on time so that you will be on your way to becoming debt-free.
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| Success Stories |
"I wanted to first thank you for everything that you and your team have done. My program was very successful and I was able to resolve over $168,000 in debt within about four months at approximately 30% of it's total value. I am amazed by how well your program worked and will be referring it to friends and family in need."
"Thank you so much! We are so thankful for all that Clear Debt America has done for us! I never could have imagined that we could have cleared as much debt as we have in the past year and a half. We tried for many years to accomplish this on our own and obviously could not achieve these results. So, again thank you to you and all of your team for your outstanding work and effort on our behalf. You will receive referrals from us."
"Dear Debt Negotiation Managers, I just wanted to say Thank You to all of you who consistently help me in my credit matters. I do appreciate all of your hard work and caring attitudes. This situation I am in is not a fun place to be in. It helps to know that there are good people like yourselves that truly care and truly want to help others. You have made some incredible deals for me and I greatly appreciate it! You all are awesome! Thank you from the bottom of my heart!."
"Well, we ve made it through the woods, and the credit cards are all paid off. we want to thank Clear Debt America (and you) for making the process so smooth. we´ve really felt that you were working for us and that you had our interests in mind at every turn."
"It's great to know that in these troubled times Clear Debt America can help people get a fresh start"
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