subject: Financial Strategies | Debt Consolidation: 3 Steps To Financial Freedom [print this page] Many modern men and women live far beyond their means, spending more than they earn every month and covering the bill using credit cards and personal loans. If you are over 10k in debt, chances are that reality has finally sunk in and you are ready to find a way out of debt and to learn new spending habits to stay out. This is a debt consolidation company that specializes in providing services that will make your debt more manageable, by rate reduction, financial analysis, certified financial planning, Debt reduction software, Consolidation, and Settlement to help you build a bright fiscal future.
The 3 Stages
When you enroll in a consolidation program, you can expect to walk through 3 consecutive stages that all work together to get you out of debt and into healthy saving and spending habits. First, you will work with your debt-relief agents to negotiate low, lump sum settlements to close your accounts with each of your individual lenders. These lenders are often willing to slash the total amount owed by inordinate sums (up to 50%) in order to save the trouble of turning your account over to collection agencies that pay just pennies on the dollar. When you close all your accounts simultaneously, you can expect a slight dip in your credit score to be the immediate but temporary result. Do not worry about this, as the slight dip is still far better than the long-term negative effects would be for non-payment of monies owed to various creditors.
The second stage of consolidation is paying into your Special purpose savings account in a consistent manner. Every time you make one of your payments on time, this activity will be logged with top credit reporting bureaus, thus recovering your score from the settlement dip and then building it up further to position you in a positive light before prospective lenders, employers and landlords.
The third stage of the process may very well be the most important. An innovative software available to clients that can help them to map out their financial present, as well as their hopes for tomorrow. Using this software with the support of a trained debt-relief team, you can create a realistic budget, accurately assess your financial holdings and determine how much you will need to save every month in order to reach your financial goals for the future. The software program even has overspending alerts, so that you can course correct when you find yourself overextending yourself financially.
Wrap Around
The beauty of consolidation programs is in the fact that you will be completely supported and advised during each step of your journey to get out of debt and become a prosperous individual. A compassionate and skilled team of professionals can make all the difference in the world when it comes to negotiating settlements with creditors and planning out a financial future that is both realistic and ambitious.
Offers clients more than just a loan, they offer a life change. A free consultation is a good starting point for individuals over 10k in debt. This will give you a good picture of your true financial state and can provide you with an overview of the services and support you can expect to receive from this debt reduction and consolidation agency.
