Knee Deep in Debt
Having trouble paying your bills? Getting dunning notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car?
You’re not alone.Many people face a ﬁnancial crisis some time in their lives. Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming. But often, it can be overcome. Your ﬁnancial situation doesn’t have to go from bad to worse.
If you or someone you know is in ﬁnancial hot water, consider these options: realistic budgeting, credit counseling from a reputable and knowledgeable organization, debt consolidation, or bankruptcy. Debt negotiation is yet another option. How do you know which will work best for you? It depends on your level of debt, your level of discipline, and your prospects for the future.
At Advanced Credit Therapy, we review your ﬁnancial situation, and oﬀer you customized advice on managing your money. we provide you a technical financial and credit consultation so you can protect your credit profile and credit scores and financial life.
Our technical consultation provides you a wide variety of solutions that exactly fit with your financial situation.
Debt Consolidation; you may be able to lower your cost of credit by consolidating your debt through a second mortgage or a home equity line of credit. Remember that these loans require you to put up your home as collateral. If you can’t make the payments — or if your payments are late — you could lose your home. At Advanced Credit Therapy, we proudly offer you a most technical solution that doesn’t put your property or assets at risk of losing. We advise our applicants for better option than just secured debt consolidation. Call us and find out how our consultation can eliminate your financial struggle.
Debt settlement can provide relief if you find yourself in financial turmoil that doesn’t allow you to make further payments on credit or loans. However, the settlement process could cause you more problems with creditors and your credit rating and still result in lawsuits. You have options when you wind up over your head in debt, and debt settlement is among your last resorts before bankruptcy. Debt settlement can be very risky and have a long-term negative impact on your credit report and, in turn, your ability to get credit. Even if you are successful in the debt settlement process, your credit score takes a severe negative hit, which can affect your future credit. Although you have reached a settlement approved by your creditor, future creditors who look at your credit report will see that you paid a settlement instead of paying off the full debt. If you do reach a successful settlement, you could still get hounded by collection agencies for the remaining debt. If the remaining debt is completely forgiven, it may come back to haunt you anyway: The IRS requires you to count most canceled debt as income, so you’ll owe taxes on the money you thought you saved. At Advanced Credit Therapy, we proudly offer you a better solution than debt settlement. Our extensive knowledge and experience in Finance would provide you better option than just debt settelment. Call us and find out how our consultation can eliminate your financial struggle.
Personal bankruptcy generally is considered the debt management option of last resort because the results are long-lasting and far reaching. People who follow the bankruptcy rules receive a discharge — a court order that says they don’t have to repay certain debts. However, bankruptcy information (both the date of your ﬁling and the later date of discharge) stay on your credit report for 10 years, and can make it difﬁcult to obtain credit, buy a home, get life insurance, or sometimes get a job. Although, bankruptcy is a legal procedure that oﬀers a fresh start for people who have gotten into ﬁnancial diﬃculty and can’t satisfy their debts, At Advanced Credit therapy we DO NOT advise candidates for bankruptcy mainly because of the negative impact of bankruptcy on credit profile and credit scores for 7 to 10 years. We believe there is always a better solution exist than bankruptcy. Call us and receive consultation from our financial specialists.
Debt settlement and Bankruptcy aren’t the only options for people who are swimming in debt. If you’ve tried debt management on your own and are still struggling and need help, If you are looking at alternatives to paying off your debts avoid the possible problems, call us and get consultation.