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Options For Clearing Debt Maryland

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

Platinum Agency
410-358-9200
6999 Reisterstown RD
Baltimore, MD

Orrstown Bank
717-597-7596
210 South Cleveland Avenue
Hagerstown, MD

National Credit Repair
410-426-2167
6405 Belair Rd
Baltimore, MD

David W Tonnessen Attorney At Law
410-298-2900
1657 Whitehead Ct
Baltimore, MD

Macey & Aleman
312-645-4522
201 N Charles St Ste 1330
Baltimore, MD

Baltimore Credit Card Debt Consolidation
443-977-6444
111 N Calvert St
Baltimore, MD

Creditrac Corporation
410-685-3765
1 E Chase St
Baltimore, MD

Ramax Realty Co Inc
410-728-4440
844 Park Ave
Baltimore, MD

Credit Solution Association
410-837-1430
10 N Calvert St
Baltimore, MD

Debt Consolidation
(301) 663-9185
Frederick, MD

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

Platinum Agency

410-358-9200
6999 Reisterstown RD
Baltimore, MD

Read more about Options For Clearing Debt

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