Nationwide Debt Direct Understands Your Options
Nationwide Debt Direct understands that you have five financial options right now:
- Perform Debt Settlement with Nationwide Debt Direct
- Do Nothing
- Hire a Consumer Credit Counseling Service
- Get a Debt Consolidation Loan
- File Bankruptcy
Debt Settlement With Nationwide Debt Direct
Nationwide Debt Direct provides one of the strongest proven debt-elimination processes to help you become debt free in as little as 12-36 months! Our staff of professionals will design an individualized debt-relief program for your unique situation and will assist you until you complete the process. Debt settlement has helped thousands of people just like you succeed in becoming debt free.
Nationwide Debt Direct Does Not Recommend That You Do Nothing
Nationwide Debt Direct does not recommend doing nothing because – in all honesty – this is what many consumers have done to reach the point where they finally realize they need serious help. In order to change your debt situation, you must take action. Failure to take action will have a negative result on your situation by not stopping the creditors’ and debt collectors’ collection actions against you.
If you are ready to regain your financial freedom and reduce your stress, then call us today and talk with one of our debt analysts. If you are unsure about how we can assist you, simply fill out the form for a FREE consultation with one of our professional staff members.
We Do Not Recommend Consumer Credit Counseling Services (CCCS)
The Consumer Credit Counseling Service (CCCS) organizations were originally created by a major credit card company in the early 1980s. The card company disguised the CCCS under a “non-profit” banner to distance it from the bank, in order to recover money from consumers who had fallen behind on their payments. This made the CCCS appear friendlier, while it sought out to collect money from the consumer.
In reality, more than half of all consumers who begin with a CCCS program fail to finish the program. The reason is very simple – the CCCS companies work for the creditors. The CCCS seek to collect as much money as possible while charging the consumer a high fee for their service.
Why A Debt Consolidation Loan May Not Be Your Most Favorable Option
Nationwide Debt Direct recognizes that although obtaining a debt consolidation loan may sound like a legitimate option, the idea of borrowing money to fix a money-borrowing problem is not our idea of a good solution. Although you may think that a debt consolidation loan is supposed to reduce your debt, the reality is that banks and other lenders offer these types of loans because they make money – and lots of it – off of the interest on such loans.
A debt consolidation loan works by allowing a lender to loan you money at a lower interest rate than you are currently paying on your debts. In theory, this saves you money on your interest charges. In reality it only reduces your debt if you repay the debt consolidation loan immediately. If you were to extend the repayment terms of your debt consolidation loan, then more interest charges will accumulate and increase your overall debt.
It is true that a debt consolidation loan can lower your monthly debt payment. But this reduced payment may only help temporarily as we do not feel that it is a viable long-term solution. A debt consolidation loan extends your repayment period over many years, sometimes doubling the amount of time it would take to pay off the original debt. For instance, while you could have repaid your debt in 10 years without the loan, it may now take 15 or 20 years with it.
Bankruptcy As a Last Resort Only
We at Nationwide Debt Direct believe that bankruptcy should only be considered as a last resort to resolving debt situations. We feel this way because a bankruptcy filing may legally remain in your credit report for up to ten years under the Fair Credit Reporting Act. Additionally, in 2005 Congress passed new bankruptcy laws which make it more difficult to file for bankruptcy.
Call Nationwide Debt Direct today to talk to one of our friendly staff members to discover how easy our debt settlement process really is! 1-866-206-5231