A debt rescue is a program that companies will offer to help manage current bills, and help avoid future excessive financial issues. When unforeseen circumstances enter life, the bills are piling up and the creditors are calling, then perhaps a debt rescue is what is needed. There are millions of people experiencing financial struggles, and now there are programs springing up all over the Internet that will help consumers implement a plan to lower interest rates, or consolidate, or wipe the credit report clean with cash settlements.
This type of program can be a number of different methods in reducing debt, or reducing the accumulated interest rates of several overdue credit card payments. A debt rescue can also include obtaining a single large loan at a lower interest rate than the accumulative rates of several cards. This pay-off loan, or consolidation loan can be used to completely pay off outstanding credit card debts. Debt relief can also come in the form of removing certain debt off of the credit report.
These services may be needed because of an unexpected illness that has caused medical bills to overwhelm a financial situation. A debt rescue can bring the relief and opportunity to start again, even for those who have over-spent. It is not just for those in an immediate crisis; Debt relief can aid those who have made bad choices in the past, but have learned to live within their own income means.
With so many people struggling under the weight of excessive debt, agencies are springing up to help tackle the mounting problems brought on by unresolved financial issues. Also, the Lord can be a great help and comfort in trying times. The Bible encourages us to always draw near to the Lord in every circumstance, for He is our hope. If someone is experiencing financial problems, pray and ask the Lord for guidance. "Therefore my heart is glad, and my glory rejoiceth: my flesh also shall rest in hope." (Psalm 16:9) When seeking the Lord, seek the ultimate hope for the future. Getting a handle on what seems like a hopeless situation will seem minor when trusting in God to carry a person through and knowing He has an ultimate plan for their financial struggles. When hiring a company for debt relief, or a program, this agency may contact creditors and banking lenders and negotiate for cash up front settlements for sometimes up to 50% of the original principal.
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Thursday, September 25, 2008
Debt Relief
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2 comments:
perfectly correct Mr Writer these debt relief programmes should be implemented only when You don't have any savings.
You lose sleep thinking about your debt.
You make minimum payments on your credit cards.
You get calls from debt collectors.
You're afraid to look at your statements each month.
On the same token, you have no idea how much you owe.
You use credit cards for things you should buy with cash, such as groceries, gas, or utilities bills.
Your debt is putting an added stress on your marriage.
Your credit card debt to income is at or near 20 percent.
You have more than three major credit cards.
So its better to avoid these type of problems.. All in all a very good post...and very helpful..thanks buddy!
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