Financial debt has become such a major challenge for many individuals and families. According to statistics, the average American family has a debt of $16,048, with most of this debt in the form of credit card debt. But how do you escape this mess? The smart thing to do is to come up with a good debt relief program that can slash your debt balance considerably and allow you some much-needed breathing room. However, you must make sure that you are dealing with a legitimate debt relief company. There are many fraudsters who have devised methods to steal from unsuspecting […] Read more »

When you realize your debt has gotten completely out of control, it can feel unbearable and overwhelming. Most Americans begin piling on debt, even before they enter the workforce, and don’t realize the effect it has on their ability to make purchases in the long term. If you’re feeling crippled by debt and need relief, you may want to speak with United Debt Counselors. Why United Debt Counselors? Thousands of people across the U.S. have already entrusted UDC with the task of settling their debts. What once might have seemed impossible is becoming more doable by the day for folks working alongside […] Read more »

Yes, it’s tax time again. Some are excited about the prospect of getting money back, while others are scrambling to scrounge up with a payment. But is anyone thinking about taxes owed on a debt settlement? You may have missed that part when you made the deal. Creditors are obligated to tell you that there may be a tax liability on charged-off debt, but how they disclose that is often overlooked. They won’t say it outright unless you ask the question directly. It will, however, be clearly stated in the fine print of the contract. You know, the part you […] Read more »

Debt is a tough thing to deal with. It gets even harder when the amount of debt becomes too large for you to handle. There are a host of problems that come along with that scenario (the most obvious being bankruptcy). Here are five of the consequences of excessive debt. Can’t Buy a Home Having too much debt can limit what you’re able to do in life. For instance, it can be difficult—if not impossible—to buy a home if you have too much debt. This isn’t just about you not being able to afford a mortgage payment. Most lenders won’t […] Read more »

If you feel like you are drowning in personal debt, you are not alone. By late 2018, Americans owed more than $420 billion in credit card debt alone. Many get help through debt consolidation or bankruptcy. If you are considering either option, it is essential to understand how they work. Both have benefits and risks, so it is wise to weigh all factors before making a choice. At a minimum, you should understand the differences between the two and the qualifications for each. How a Bankruptcy Works Bankruptcy is a federal protection that is designed to help those who cannot […] Read more »

Debt Relief is Made Easier with a Company that Cares The burden of debt affects many Americans, crippling individuals and families financially and causing immense stress.  When people can see no way to pay off huge amounts of debt, they may turn to bankruptcy as their only viable course of action.  Gregory Fishman, the President and CEO of debt resolution company Resolvly, wants those in debt to know there is an alternative to reduce and eliminate debt and salvage credit. Any number of mishaps can lead to overwhelming debt.  Perhaps an unanticipated medical emergency results in sky-high medical bills and […] Read more »

In the world of business, debt management is approached from a different angle to that of the average householder. Depending on the total earnings of the company, a certain amount of debt can even increase the business’s overall ROI. However, push that too far, and debt can have the same effect on a business as it can on an individual. In some ways, it can be even worse – after all, what is the worst that can happen to an individual? File for bankruptcy and start again with a clean sheet – some have gone from here to great success. […] Read more »

Debt can be difficult to manage. It is stressful to have payments hanging over your head that are more than you can afford, and every day it stops people from doing things like buying a reliable vehicle or a home. Thankfully, there are ways to have debts dismissed or renegotiated if you are having extended financial difficulty and cannot make your payments. Depending on how much and what kind of debt you have, see if these options are right for you. Medical Bills It is far easier to save money on your medical bills up front by shopping around for […] Read more »

United Debt Counselors offers customers debt settlement services. The debt relief company steers away from debt consolidation in an effort to more quickly resolve consumer debt issues. “For many customers, debt consolidation doesn’t offer a legitimate avenue for escaping high-interest credit card debt,” a spokesperson said, “With debt settlement services, we are hoping to provide an additional route for customers who are plagued by unsecured credit card debt. We understand that many Americans are in a position in which they are unable to afford their repayments – we’re here to try and fix that.” Some debt relief companies focus on […] Read more »

With the continuing financial crisis, the typical American household is carrying $132,158 in debt, according to NerdWallet. From credit cards and medical bills to mortgages, many Americans are burdened with insurmountable debt. This is also true for many businesses that continue to find themselves in the red. Total debt among more than 2,000 nonfinancial companies swelled to $6.6 trillion in 2015, according to CNBC. If you are looking for financial solace and freedom, debt settlement is one process to consider. In fact, this service has helped, and continues to help, numerous people and businesses reduce debt to get back on the right path to financial success. Find […] Read more »