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Client Log InHow United Debt Settlement Relieves Stress
There’s little question that debt plays a huge role in the U.S. economy. In fact, data from the New York Fed shows that aggregate household debt rose for the 18th consecutive quarter in Q4 2018 to an eye-popping $13.54 trillion, with home mortgages comprising the majority at $9.1 trillion. Is the American dream of home ownership alive and well? Maybe – but there sure is a whole lot of debt fueling it.
Meantime student loan debt, auto debt and credit card debt combined for a stunning $3.6 trillion (1.46 trillion, 1.27 trillion, and 870 billion dollars, respectively) while home equity lines of credit also checked in at $410 billion worth of debt.
Meantime, the average of all commercial and industrial loans extended to U.S. businesses in 2018 checked in at $663,000
With so much debt floating around, there’s little wonder that many individuals and small businesses fall prey to a growing pile of onerous debt that can become insurmountable.
If you are struggling with high levels of personal or business debt, you are not alone and help is available. That’s where United Debt Settlement comes in – We’re here to alleviate the stress that accompanies struggling with high levels of debt. Our experienced debt relief specialists can help facilitate a variety of debt relief options that include debt settlement, debt consolidation and debt management plans.
Let’s take a closer look at how United Debt Settlement relieves stress and the various debt relief options that we offer.
Speak With One of Our Experienced Debt Relief Specialists
In an initial 30-45 minute conversation, one of our skilled, experienced and certified debt relief specialists will ask a series of questions related to your specific financial situation.
The interview will cover areas including annual income, monthly cash inflow, sources of cash inflow, monthly expenses, types of expenses, types of debt and specific debt levels for each type. Following this highly granular interview and discussion, a determination can be made as to the most appropriate form of debt relief that will best cater to your specific financial situation.
These may include debt settlement with your creditors, a debt consolidation loan that simplifies the repayment process, or structuring a debt management plan with your various creditors. All of these debt relief strategies are designed to save you money and time while alleviating stress.
And it’s important for you to know that United Settlement operates on a pay-for-performance model – with our fees based on a percentage of what we save for you. Let’s now examine each type of debt relief option available to you.
Debt Settlement
As our name would indicate, United Debt Settlement is extremely experienced and well-versed at successfully achieving debt settlements for our clients. Debt settlement occurs when we successfully negotiate a payoff amount for less than the total balance owed on a debt. The lower amount is agreed to by the creditor or collection agency and becomes fully documented in writing.
The amount frequently gets paid off by the client in one lump sum, though it may also be paid over a period of time. Although creditors are under no legal obligation to accept debt settlement offers, negotiating and paying lower amounts to settle debts is far more common than many people realize. At United Debt Settlement, we do the work for you. Following the initial consultation, we contact your creditors and handle all of the negotiations and discussion.
Remember, our incentives are aligned with yours – we get paid when you reap the benefits – and our clients have saved an average of 45% of their debt enrolled in our program, including fees. Our experienced debt professionals work hard to achieve the best possible debt settlement for you and your specific financial situation.
Debt Consolidation
Another form of debt relief that the debt specialists at United Settlement arrange for clients is known as a debt consolidation loan, which consolidates multiple debts into one single loan, typically resulting in a lower interest rate and monthly payment.
A debt consolidation loan provides the dual benefit of streamlining the repayment process while simultaneously lowering interest expense and the total amount that needs to be repaid over time.
If you have multiple accounts with multiple creditors and multiple payment dates, a debt consolidation loan can remove the stress involved with seemingly endless repayment of multiple accounts while also saving you money.
Debt consolidation loans are very popular among our clients for the convenience and debt savings that they provide while alleviating the stress involved with a complicated repayment process.
Debt Management Plan
A third common form of debt relief that the debt specialists at United Settlement arrange for clients is the debt management plan (DMP). For clients burdened with high levels of unsecured debt – including multiple credit card accounts – enrolling in a Debt Management Plan (DMP) can prove highly beneficial.
A DMP is a structured program that we design and manage for our clients that involves us negotiating lower interest rates and monthly payments with your creditors. Instead of keeping track of and making multiple monthly payments to a variety of different creditors.
A DMP allows you to make one streamlined monthly payment to United Debt Settlement, and we submit appropriate disbursements to your creditors according to the terms structured in the DMP.
The end result is that you save money through lower interest rates and lower monthly payments and get out of debt sooner than you otherwise would on your own.
Lower Your Stress Level
Shouldering a lot of debt is never easy, and this is something that we understand at United Debt Settlement. We’re here to help. Whether you’re struggling with an excess amount of consumer debt or business debt, our experienced debt professionals are familiar with the problems you are dealing with and know how to solve them.
Contact us for an initial consultation and together we will devise the appropriate debt relief solution to your specific financial situation. Life is too short to live under the stress of heavy debt. Get in touch, get on the road to financial health, and take a load off. You’ll be glad you did.