Columbus Debt Settlement

If you are living in Columbus, Ohio and have a large amount of debt, you may be facing a situation in which you are left with little hope. Debt settlement may be your best option to getting rid of your debt. Instead of claiming bankruptcy, this route might be a less dramatic one. In fact, millions of people across the U.S. are taking this step to help their current financial crisis.

Columbus city skyline

Columbus Debt Statistics

If you are living in Columbus, Ohio and in major debt, you’re not alone. Recent statistics show that Columbus, Ohio average credit card debt is around $5,500, and the credit score is below 680. On top of this, the average student loan debt is approximately $30,000.

The lower the debt and higher the credit rating, makes for a stress-free life. The citizens of Columbus deserve this. Though, if in a mountain of debt, the only way for them to get past it is to figure out a way to lower it. This is where options come in.

Find Debt Relief Options in Columbus, Ohio

There are more than “just a couple of” debt relief options open for citizens residing in Columbus, Ohio. These options help people get out of their financial stresses. Let’s take a look:

Balance Transfer Cards

Transferring your balance to a card can have many pros and cons. A couple of positives with this method would be the fact that you are taking your high interest rate balance and moving it to a low interest rate card. Obviously with these type of credit cards, if they are not paid off by the expiration of the balance transfer promotion, then the interest rate and any other penalty rates apply and you are really back and square one or worse, stuck with a high percentage.

Columbus, Ohio Debt Management or Credit Counseling Program

Credit counseling for residents of Columbus, Ohio may quite possibly be the right avenue to take. Again, it all depends though. The solution is considered “free” in many cases, though there could be hidden fees. With this type of option, a person with debt can combine their high payments into one, which is made directly to a credit counseling firm. Then, the credit counseling firm will negotiate a lower interest on behalf of the person with the debt as well. Here is the negative part: These type of program options will focus heavily on the interest rate itself and not really the actual debt amount.

Columbus, Ohio Debt Consolidation Loans

The end goal for many residents in Columbus, Ohio is to make the least amount of payment possible, yet hit the debt hard. Though, having to file endless paperwork to apply for a loan could be daunting. Living around Columbus, Ohio area with debt as well as using debt consolidation as an alternative might be a much better option to pulling in minimum payments. Just like the balance transfer choice, a debt consolidation mortgage concentrates on the interest rate, instead of the real principal.

Debt Settlement or Debt Negotiation in Columbus, Ohio

Columbus, Ohio debt settlement/negotiation sticks out against some other relief options. Reducing the principal & interest rates is in fact the emphasis with this special type of debt relief. The most effective debt settlement industry will use a more developed system in position to make specific negotiations that are completed to the fullest extent, with your financial health and wellbeing in mind. The downside for this is that in case you are locked right into an application, and also stop paying the negotiated monthly fee, then the arrangement might probably be null and void, as well as the creditors staying in a place to following up and going after you.

Filing for Bankruptcy in Columbus, Ohio

This is an alternative that a lot of citizens with debt in Columbus, Ohio have taken. It can cost a ton to discover a law firm that will help you file the paperwork, so the process, especially in court may be humiliating. Having to file for Chapter seven or maybe Chapter thirteen are a few key options out there, and while the unsecured debt is wiped really clean, the option does stain the credit report of yours for 7 years.

How Debt Settlement Works in Columbus, Ohio

The way debt settlement in Columbus, Ohio succeeds is actually by the company negotiating the respective debt with the creditors on behalf of the debtor. Normally the debt is negotiated down as much as 50% of the initial quantity, sometimes much less. All of it is determined by the respective negotiation and whatever is determined in the ultimate contract. With time, the debtor pays the quantities in monthly installments on the company. And then the debt is paid out after an agreement qualifies.

If the negotiation is performed correctly, the creditors will likely agree to the agreement. For them, this’s much better than being forced to chase the debtor right down to the bankruptcy courts.

Benefits of Negotiating Debt in Columbus, Ohio with New Era Debt Solutions

  • No upfront or add-on fees. You will find no up-front hidden or up-front costs. With New Era Debt Solutions, we cut to the chase, and are completely honest with the customers of ours. We simply take your situation seriously and ensure never to put in more strain on your plate than you already have.
  • All-in-one service. We’re not really a broker or middleman. We don’t take your troubles and shuffle them off to a different company. All is accomplished in house, such as customer care, and sales reps. We remain with you throughout the whole process. Your circumstance is vital to us.
  • Experienced settlement firm. New Era Debt Solutions has successfully settled over $275,000,000 in debt for its clients, since 1999. We have developed the greatest of relationships with all sorts of creditors, and this helps during the negotiations of your debt. Please visit the section to see firsthand what our clients had to say about the program.

Start Your Journey to Freedom from Debt in Columbus, Ohio Today

Having a massive amount of debt is one of the worst things that can happen to you. It can impact your friendships and even health. Over 50% of the population in the United States are going through the debt roller coaster of figuring out when to pay it off.

If you a loved one are living in the Columbus, Ohio area and in need of settling your unsecured debt, then debt settlement may be the right option for you. Contact us at New Era Debt Solutions to get started today.