Debt Relief News

Debt Lead Company offers & saving tips for debt settlement, consolidation, credit repair
January 13, 2011

Comparing Consolidation Loans to Debt Settlement

Author: admin - Categories: Debt Consolidation, Debt Settlement News, Published Debt Relief Articles

Consumers have seen significant debt relief solutions over the last few years.  In the past homeowners had a serious edge in consolidating credit card debt, because they could take out a fixed rate home equity mortgage to eliminate high interest variable rate credit cards.  Traditionally home equity rates have been affordable and lenders were pretty aggressive with second mortgage programs if borrowers were getting the loan for the purposes of consolidating debt.

Debt Settlement

  1. Don’t need to own a home
  2. No Equity Required
  3. Could Harm Credit
  4. Settle for 30 50%
  5. Settlement 12- 36 months
Secured Debt Consolidation

  1. Must own a home
  2. Must Have Equity in Home
  3. Beneficial to Credit
  4. Pay back 100% of debt + interest.
  5. Consolidation 10 to 30 years

A few years ago, debt settlement programs become available to homeowners and non-homeowners alike.  Now people who had been burdened with credit card debt had another solution besides bankruptcy or a bad credit debt consolidation loan.  Nationwide Lender posted a good article recently Comparing Credit Card Debt Settlement to Debt Consolidation Mortgage.  Importantly, the company reminded us that managing your debt is a critical financial decision.  Today, there are more debt relief solutions forever for disposing credit card debt and securing a fresh start.

February 1, 2010

Debt Relief Great 1st Step in Credit Repair

Author: admin - Categories: Consumer Debt News, Credit Card Debt Articles, Credit Repair Tips, Debt Consolidation, Debt Settlement News, debt relief

One of the most effective steps in credit restoration is debt consolidation.  Debt consolidation loans were very popular with homeowners until the credit crunch of 2008.  Millions of consumers who were burdened by credit card debt we now seeking alternative solutions to eliminate their credit card debt. Almost every day sees a new posting somewhere about debt consolidation, its benefits.

As many people have experienced personally, credit repair can be time-consuming and paying a credit repair company for their services can be costly. So if you’re already behind, trusted credit repair companies will most likely suggest you look into debt relief if debt consolidation loans are not a viable option. Due to the challenging landscape of credit repair, it is critical for your finances to be stable and monthly bills to be paid on time to prevent further damage.