Debt Renegotiation Honolulu HI

Debt Renegotiation

Handling Debt

Life After Debt - Strategies for Dealing with Problem Debt

Honorably and ethically rid yourself of burdensome debts using the little known Negotiation Strategy, without having to experience the loss of control and privacy associated with filing for bankruptcy, consolidation, or credit counseling.

The inability to reduce debt and saving money are the two biggest obstacles preventing Americans from living financially sound lives.

National statistics show that money problems play a role in 80 percent of all divorces. One in 54 households will declare bankruptcy. Debt is at an all-time high, particularly credit card debt.

The total amount of consumer debt in the United States is nearly $1.4 trillion.

If you are one of the millions of Americans burdened with debt and have trouble making those never-ending monthly payments, help is available. You don't need to go it alone.

If you are a typical American family, you have $25,000-$30,000 worth of credit card debt (excluding mortgages, car loans, and student loan payments), and you're paying $500 to $900 every month in endless minimum payments.

Like you, many people continue making their minimum monthly payments believing that they are making progress. They are living in a state of denial saying "Someday, somehow, something will happen. Things will get better, and my debt problem will be gone."

Then years go by and they only find themselves in a downward spiral getting nowhere. They have paid their creditors thousands of dollars, but their debt load never gets lighter.

For example, if you were to continue making minimum payments on a $9,000 debt, not adding any more debt, it will take you over 10 years to pay it off. You will end up spending many thousands more than the original amount and 80% of the money paid will have gone to interest and fees.

Most people add more debt as they go, so the reality is this - Without an aggressive approach to terminating debt once and for all, you will NEVER get rid of debt.

Today, people have options. There are four strategies for dealing with problem debt you will see advertised: Debt Consolidation, Consumer Credit Counseling Services (CCC), Bankruptcy, and Debt Negotiation. Each strategy must be considered carefully!

Debt Consolidation - The Common Approach

All consolidation loans do is transfer debt from one place to another and are invariably short term fixes with long term pain.

A debt consolidation loan will not reduce the amount you owe. You will still pay back 100% of the loan plus interest. This is not going to get you out of trouble and most of the time will only make things worse.

Again, consolidation i...