Debt settlement is an alternative to
bankruptcy. It is an aggressive approach to debt reduction, and may
be an appropriate choice for people with a significant amount of
debt, or those considering bankruptcy. CDLC will negotiate with your
creditors to settle the debt for a lower amount than owed, saving
you a significant amount of money. Our negotiations department has
experience dealing with creditors, and will take the burden off of
you.
Call us today to see how well your current financial situation may
improve with debt settlement.
Credit Counseling is one of the most
effective programs available to consumers saddled with credit card
debt. Credit Counseling, or Debt Management Programs, works by
reducing the interest rate on your credit cards. These predetermined
rates enable you to save potentially thousands in interest and fees,
and take years off of the amount of time needed to pay off your
debts.
Call us today for more information about
Credit Counseling DMP programs.
Debt Consolidation generally refers to
combining all of your monthly debt payments into one payment in a
plan designed to relieve you of the financial burdens of too much
debt. It can also refer to Debt Consolidation Loans which typically
are loans originated by a financial institution and uses the equity
in your home as security or collateral. With a Debt Consolidation
Loan you are swapping unsecured debt for secured debt and will often
find yourself in even deeper debt down the road. For consumers who
are deeply in debt and are facing possible bankruptcy, a Debt
Consolidation plan using Debt Settlement might be their better
option.
Bankruptcy is a legally declared
inability or impairment of ability of an individual or organizations
to pay their creditors. If you or your spouse is considering filing
bankruptcy, you must meet certain qualifications and chances are it
will cost you alot of time and money.
Most bankruptcy attorneys know nothing about debt settlement, a
cheaper and less harmful alternative to bankruptcy. You must
consider debt settlement before you use bankruptcy as a last resort.
Payday loan consolidation consists of consolidating and settling an
individuals current payday loans without taking on any additional
loans in the process. Most people who come to us seeking assistance
have 4 or more outstanding payday loans. Action Financial is one of
only a handful of firms in the U.S. that specialize in consolidating
payday loans.
Student loan consolidation consists of bundling all of your federal
school loans into one loan, significantly reducing your monthly
payment. Some private student loan consolidation programs offer
interest rate reductions for on-time and automatic payments with no
pre-payment penalties.
If you are one of the many taxpayers with back tax debt, we
understand your fear. Maybe youre worried that coming forward will
get you into more trouble, but not taking action is about the worst
thing you can do. Many taxpayers do not realize that everything is
negotiable with the IRS if your financial situation warrants a
potential settlement.
Failure to pay IRS back taxes can result in penalties and interest
that can compound over years, creating tax debt that could be
substantially larger than the initial amount owed. Non-payment of
penalties and interest can result in garnishment of your wages,
placement of a levy or lien against your property, or complete
seizure of your assets. The longer you wait, the greater the risk of
IRS problems mounting against you.
An abatement of penalties is a request to the IRS to remove certain
penalties that were added to the taxpayer’s account for a particular
year or multiple years. The taxpayer is required to have ‘reasonable
cause’ that is specific for each year when submitting this request
and must be able to explain why this reason should grant the
penalties to be removed from their account.
More than 1.1 million homeowners will lose their homes to
foreclosure by 2014 because they cannot afford the rising payments
on their adjustable-rate mortgages, according to recent research.
Whether you think that's a big deal probably depends on whether or
not you may be one of these homeowners.
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