Options For Clearing Debt Jonesboro GA

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

Electronic Training Resources Inc
(404) 305-0100
2637 Old Hapeville Rd Sw
Atlanta, GA
Atlanta Legal Copies Inc
(404) 527-7490
100 Edgewood Ave Ne
Atlanta, GA
Consumer Credit Consulting Services
(404) 794-7127
260 Peachtree St Nw
Atlanta, GA
Credit Card Debt Consolidation
(208) 649-3216
87 Trinity Ave Sw
Atlanta, GA
Consumer Credit Counseling
(770) 210-2545
Jonesboro, GA
Money 4 Life
(770) 210-4893
9172 Jenni Cir
Jonesboro, GA
Ambb Credit Services Inc
(706) 549-4963
125 Old Monroe Rd
Bogart, GA
Consumer Credit Counseling
(404) 344-2555
1221 S Beach St
Atlanta, GA
Consumer Credit Counseling
(478) 825-8686
Fort Valley, GA
Consumer Credit Counseling
(478) 322-0283
Warner Robins, GA

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

Electronic Training Resources Inc

(404) 305-0100
2637 Old Hapeville Rd Sw
Atlanta, GA

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