When facing financial hardship, you have a few different options to choose from. Here are some of your choices:

Debt Settlement - Debt Settlement is when we take your unsecured debt and significantly reduce your principle balance and give you One Low Interest Free monthly payment approximately 30% lower than your minimum payment with your creditors.  This is ideal for someone who is in financial hardship and is late on their payments or about to go late on their payments.

Debt Management - Debt Management works with your creditors to lower your interest rates, so that more of your payments go toward your principle. Your payment is approximately the same as what you are already paying, however your term is reduced to approximately 36 - 60 months.  This is ideal for someone who is current on their payments, but can only afford making the minimum payments.

Home Equity Loan / Debt Consolidation Loan - This may seem great for some homeowners with substantial equity in their home and good credit, however, keep in mind that you are transferring unsecured debt into secured debt and now risking your home as collateral if you can't make your payments.

Do Nothing (pay forever plan) - This is a creditors favorite!    By making only the minimum payment on your cards, the problem is that it takes an average 6 years to pay off every $3000 in debt (click here to find out the true cost of making minimum payments)

Bankruptcy - Bankruptcy was designed to be a consumer's last resort and has a devastating negative effect on your credit that could last 7 to 10 years.  Keep in mind that bankruptcy is the worst possible scenario for your credit and is also public information.

 

 

Here is a chart of your Debt Relief choices
(balance $25,000 in debt)

	Consolidation Loan	Credit Counseling	Do Nothing	DEBT SETTLEMENT
Total Unsecured Debt	$25,000	$25,000	$25,000	$25,000
Months To Pay Off	60	60	473	38
Interest Rate	11.0%	Variable	18%	None
Extra Interest Paid	$7,613	$17,750	$37,115	None
Monthly Payment	$543	$712	$625	$458
Customers Total Paid	$32,613	$42,750	$62,115	$16,250

The total savings in this debt settlement example is 50% of their balance. We would structure this type of situation to be paid off in 38 months.  The total monthly interest free payment with ProDebtAdvisors.com is $458.29, which will save you approximately $167.00 a month compared to making a minimum payment with your creditors and $85.00 a month compared to taking out a secured Consolidation Loan. 

If you did not use ProDebtAdvisors.com and decided to pay the creditor the minimum payment, it will take you approximately 473 months to be rid of your debt.  In that time, you will pay approximately $37,115 in interest + your original principal balance of $25,000.  This is a total of over 39 years and paying $62,115. (These figures are based off of an average credit card interest rate of 18% and a 2.5% minimum payment)

Click Here to see how many years and how much you would pay if you were to continuously make the minimum payments with your creditors.......... http://bankrate.com/brm/calc/MinPayment.asp

 

If you are patient and committed to the plan, the Process is Simple!

Please call 1.877.466.2548 if you are ready to be debt free!