Financial Strategies | Begin To Reduce And Consolidate Debt Today
Many Americans find themselves almost drowning in debt
. As credit card payments increase and the costs of everyday life seem to pile up, many people are left truly fearing for their financial future. Fortunately, it is possible for those with overwhelming debts, even debts totaling over ten thousand dollars, to effectively consolidate and reduce their debt into affordable and manageable payments.
What Is Debt Reduction And Debt Consolidation?
Debt consolidation is the act of obtaining a new loan in order to consolidate all previous debts into one low monthly payment. Debt consolidation loans are generally secured at lower, preferably fixed, interest rate, which allows borrowers to pay off such loans faster, while making lower monthly payments. CCCS allows a consumer to attack their debt within 60 months, reduces them down to 1 monthly payment at about 2% of their total balance, and reduces interest down to somewhere between 6-9%.
Debt reduction is simply the act of reducing debts. Consolidation is one of the few different strategies that Financial Strategies utilizes based upon a clients current financial situation. The most common way of reducing debt is debt consolidation, yet we will most often use settlement or hardship tactics as those are more effective. Reducing your debt can be achieved by working with a certified financial planner. Financial Strategies work with clients to settle their debts with creditors, many times settling these debts for less than the client owes. This can be done because creditors are willing to work with debt solution companies, as they are more likely to receive payments from clients working with such a company, rather than an overwhelmed borrower trying to pay off debts on their own.
Who Can Reduce Their Debt Using Debt Consolidation and Other Reduction Tactics?
Any person that finds themselves unable to pay their monthly bills or that is ready to work to reduce their debt is able to work with a debt solution company. That find themselves owing more than $10,000 to creditors are able to work with such companies. This is quite fortunate because reducing debts of thousands, even tens of thousands, of dollars is almost impossible when a borrower tries to do so on their own. Simply making the minimum monthly payments on unsecured debts is not enough to effectively reduce debt in a timely manner. Additionally, many times borrowers that have collected ten or more thousand dollars of debts, have trouble even making these minimum payments. This is when a borrower can most benefit from the help of a debt consolidation company.
Financial Strategies: A Real Solution For Debt Reduction
Financial Strategies is a trusted debt solution company that works with clients owing $10,000 or more, to effectively reduce their debt. In fact, Financial Strategies is not only committed to helping clients reduce their debt, but eliminating it completely. This is first accomplished by assessing a client's financial situation during a free consultation with an experienced debt reduction specialist's counselor. Once the client's debt has been thoroughly assessed, Financial Strategies then works to settle these debts for up to half of what a client owes.
However, Financial Strategies does not only work with clients to reduce their debts, but helps them organize and plan their future finances. A Certified Financial Planner is assigned to each client as needed, to help these clients organize a budget that will work with their current financial situation. Additionally, this new budget plan is not only important, it is also convenient. It can be assessed online, or with a client's cellular phone, and contains budget information, account overviews, and will even send clients an alert if their spending is overreaching their budget. This allows clients the new opportunity to begin working towards a secure financial future, while keeping up with their busy lives and building a better tomorrow.
by: Nick Smith
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