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Hillsboro debt relief

If you reside in Hillsboro and you’re carrying in excess of $10,000 in personal debt, you need to develop a strategy for paying off what you owe before bankruptcy becomes your only option. Have you looked at strategies like management or consolidation? It may be time you should.

Debt Consolidation in Hillsboro, OR

When you’re flooded with debt and trying to keep all of your payments straight, debt consolidation may be the answer. This involves replacing all of those debts with a single payment. There are a number of advantages:

  • Far fewer payments owed each month.
  • Reduced payment each month.
  • Lower rate of interest often negotiated.
  • No more hassling from creditors.

Often, a debt management plan is a better alternative than a debt consolidation loan, seeing as your home isn’t used as security. Don’t wait. Discover how much debt consolidation could help you save.

>> Find out How Much You Could Save!

Credit Counseling in Hillsboro, OR

Credit counseling entails working with a qualified specialist. You pay back in full what you owe, but without harassment from collections. Repaying your creditors in full keeps your credit score from freefalling, as it will when paying a lesser settlement, and you won’t be a large loan. While having your credit repaired is a strategy to raise your credit score, credit counseling is focused on debt relief. As you know, a key aspect of credit counseling is managing debt. If you participate in a debt management plan, your local credit counselor may able to negotiate decreased annual percentage rates and penalties from your credit card companies. Simply speaking, your credit counseling specialist will deal with your creditors personally.

Debt Settlement in Hillsboro, OR

Whereas debt consolidation involves repaying all of what you owe, debt settlement calls for paying back only a portion of it.

Debt settlement isn’t tremendously complicated, but it’s best left to a professional. To start with, you and your debt professional will formulate a detailed course of action. Then they will begin reaching out to your lenders. This often takes no more than a week. In some cases, the sum will be due quite soon; however, almost all settlement plans will let you pay down this sum over 1-5 years. Obviously, you’ll have already talked over this with your debt expert. Still, it is better to repay the balance sooner. Debt settlement gives you a number of highly-touted benefits:

  • Only Pay 40-80% of Original Amount Owed
  • Big Savings in Interest
  • Short 2-3 Year Timeline
  • Flexible Repayment System
  • Substitute for Bankruptcy

At the same time, due to the unfavorable influence on your credit scores, it is viewed as an alternative to bankruptcy.

>> Request a No Cost Debt Settlement Evaluation – Today!

Debt Consolidation vs Debt Settlement

Are you trying to decide between credit card debt settlement and consolidation? Debt settlement programs lead to a decrease in the amount you owe, while consolidation or management doesn’t. When it comes to debt management, consolidation, or counseling, your monthly payment is minimized and keep paying down the credit card issuers until your debt is paid in full. There’s no doubt that this approach is is more favorable for your credit rating. On the other hand, the only debt savings result from reduced rates and fees.

Debt Relief Hillsboro OR

Debt Relief Companies in Hillsboro, OR

  • Hispanic Financial Services Ogeda & Ortiz, 230 E Main St, #3, 97123
  • We the People, 520 SE 10th Ave, 97123
  • Consolidated Credit Services Inc, Po Box 713, 97123
  • Pacific Bankruptcy, 165 SE 26th Ave, 97123
  • My Choice Debt Management, 2373 NW 185th Ave, #140, 97124

Collectors in Hillsboro, OR

  • Consolidated Credit Services, Inc., 163 SE 2nd Ave, 97123-4026
  • Fidelity Collection Service, 331 E Main St, 97123-4022