Options For Clearing Debt Indiana

A guide to the benefits and disadvantages of different ways one can get out of debt. It discusses consolidation, bankruptcy, and debt relief programs.

Local Companies

Credit Counselors Corp
260-432-6700
4646 W Jefferson Blvd
Fort Wayne, IN
Hogan & Toole LLP
260-420-8363
810 S. Calhoun St. Suite 100
Fort Wayne, IN
Essex Thomas Jr Attorney At Law
260-424-1756
1833 Alliger Street
Fort Wayne, IN
Ripke Law PC
260-434-1990
4705 Illinois Rd Ste 112
Fort Wayne, IN
Consumer Credit Counseling
260-432-8200
4105 W Jefferson Blvd
Fort Wayne, IN
Earl Raskosky
260-484-3500
6009 Stoney Creek Dr.
Fort Wayne, IN
A Arrested Hotline
260-489-3413
1012 Woodland Plaza Run
Fort Wayne, IN
Afdent Dental Services
800-253-1668
4504 Parnell Ave
Fort Wayne, IN
Mainstream Mortgage
260-471-3333
10536 Coldwater RD
Fort Wayne, IN
Avalon Christian Counseling
260-478-7320
1410 Lower Huntington RD
Fort Wayne, IN

Consolidation

1. Benefits

  • Lower monthly payments
  • No worry of paying multiple debt collectors every month, pay only one agency
  • Percentage of debt charged by consolidation company
  • Costs for Loan
  • Cost for counseling or negotiation

2. Negatives

  • Appears on your credit like bankruptcy
  • Requires you to get another loan
  • If you own a home loan will be tied to your equity
  • Takes between 5 and 10 years to pay off the loan
  • First few years no big change in debt reduction
  • Does not always prevent creditors from future legal collection action

Bankruptcy

1. Benefits

  • Costs between $700-$3000

2. Negatives

  • On credit report for ten years
  • Finances made public record
  • No assets are allowed with Chapter7
  • Creditors can file adversarial hearing that costs $3000
  • Credit severely damaged

Debt Relief Program

1. Benefits

  • Payments can stop as soon as the program starts
  • Credit Repair available after a short time
  • Good credit repair options available

3. Negatives

  • Usually only credit card debt and unsecured signature loan

About the Author:

Marcus Ware is the webmaster of www.waresbusiness.com and promotor of affiliate products.
waresbus@waresbusiness.com

Article Source: thePhantomWriters Article Submission Service

Featured Local Company

Credit Counselors Corp

260-432-6700
4646 W Jefferson Blvd
Fort Wayne, IN

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