Confused over which debt solution
is right for you?

Today, the average American household holds twice the amount of debt than that of only one generation ago. As consumers, many of us are digging a hole called "debt" and are desperately looking for a debt reduction plan. At some point, we just have to stop digging and address the debt. But which debt solution do you choose?

Deciding on the debt solution path that's right for you can often be a very difficult and frustrating decision. Choosing the wrong one could result in no real ease of your overwhelming debt burden or could negatively impact your lifestyle for years to come. However, knowing the best solution to settling your debts will help put you on the path to financial freedom.

The professional, experienced staff at Precept is trained to help educate you to fully understand your options and the possible outcome of each. When it comes right down to it, ultimately, everyone must choose from one of only five options.

Every Consumer's only debt solution options include one of the following:

1. Continue the Same Path & do nothing
If your debts have become overwhelming, this is no longer an option. Making minimum monthly payments month in and month out will only produce the same exasperating result and essentially get you no closer to financial freedom from debt. It's time to start your debt reduction plan and call Precept Financial Solutions.

2. Consumer Credit Counseling
Consumer credit counseling services were established with assistance from the credit card companies in order to recover debts from consumers who were struggling to make ends meet. The main attraction of consumer credit counseling is creditors may reduce the interest rates and potentially eliminate existing late and over-limit fees. However, this is never guaranteed.

Additionally, in a credit counseling or debt consolidation program, the debtor makes a single monthly payment to a credit counseling agency that is, in turn, responsible for disbursing these payments to the creditors. Many times, the new monthly payment consumers make to the credit counseling or debt consolidation agency is more than their regular monthly minimums made directly to the credit card companies. While a consumer credit counseling plan may be a good option for someone who is not struggling in making minimum monthly payments, this in no way provides consumers with the monthly cash relief that is desperately needed. Because of this, nearly half of consumers who enroll in a consumer credit counseling or debt consolidation program end up falling out before they ever pay off their debt.

For many Americans, simply reducing the interest rate, on already high balances, does not have a significant impact on their overall credit card debt. Most consumers who are in need of debt assistance need immediate monthly cash flow relief, however, Consumer Credit Counseling or Debt Consolidation programs do not automatically provide consumers with this much needed monthly assistance. Consequently, the 4-6 year plan they were originally promised by these agencies turns out to be considerably longer.

As mentioned earlier, consumer credit counseling or debt consolidation programs basically work for the creditors - not you. Because of this, they may not have your best interest in mind. 

Reduce your total debt not just your interest rate.
Unlike the credit counseling services, Precept Financial Solutions' debt settlement program will reduce your overall unsecured debt by 40-60%, not just your interest rate. We work for you, not the credit card companies' that's the Precept difference.

3. Debt Consolidation
Debt consolidation in itself is the process of combining all or some of your unsecured debt into a single loan for the purpose of lowering your overall interest rate and therefore your total monthly expenses. The term debt consolidation is often confused with many popular Consumer Credit Counseling, Debt Consolidation or Debt Management companies. Credit card debt consolidation can also be achieved through personal loans or home equity loans. Personal loans or home equity loans used for credit card debt consolidation can be a very dangerous pitfall for many Americans who do not understand the full economic impact of using such loans.

Many people, however, have the misguided conception that it is possible to borrow your way out of debt. Borrowing money to repay borrowed money does not solve the tremendous burden debt creates, especially if you are already living on a tight monthly budget. Truth is, more than 50% of consumers who choose consolidation loans jeopardize their future by allowing existing lines of credit to remain open. These credit lines are usually back to their limits soon afterwards, thus directly compounding the continuing debt problem.

4. Filing Bankruptcy
Many consumers feel a moral obligation to settle their debts but because bankruptcy allows for elimination or restructuring of debts in the most severe cases, some consumers initially find this to be an attractive option. However, it is not until after they have filed bankruptcy that they realize it can have severe long-term consequences that are often much worse than their current debt problems. The majority of those that have filed bankruptcy say that they wish they would have known about the alternatives to bankruptcy before making that fatal mistake.

Additionally, many bankruptcy attorneys will tell you that the stigma and penalties associated with bankruptcy could be off your record in 10, maybe even 7 years. But consider this: bankruptcy stays in the court records for 20 years and most applications for home loans, job applications and credit applications ask the question "have you EVER filed for bankruptcy?" To answer falsely is a federal offense. To answer truthfully means your bankruptcy can follow you forever. 

Because bankruptcy has such permanent implications, it should only be considered as the absolute last possible resort.  Alternatives to bankruptcy are available today through Precept Financial Solutions.  Avoid bankruptcy and avoid a problem that can follow you for the rest of your life.

5. Debt Settlement Through Debt Negotiation
Debt settlement through debt negotiation is quickly becoming the preferred method for many consumers with severe credit card debt problems and those considering bankruptcy.

Debt settlement effectively reduces your current total balances 50% or more by negotiating agreed upon settlement amounts with creditors on any of your unresolved credit accounts.

On average, unsecured debt settlement can be achieved in 36 months or less with a lower monthly payment than any other debt elimination alternative. Because debt settlement directly provides a substantial reduction in the overall debt, settlement negotiations are now becoming the only practical debt solution for countless consumers to help rid themselves of bothersome unsecured credit balances.

New Road to Financial Freedom

The majority of people today have some sort of hardship which is a major factor in their current debt predicament and need a debt elimination program to assist them. Whether it was a loss of job, health problems, natural disaster, a death that resulted in your current financial dilemma, or you simply got in over your head -- debt settlement can dramatically reduce your monthly payment and have you debt free in the shortest timeframe possible. For indebted consumers, this will save thousands of dollars and years of exhausting repayment.

At Precept Financial Solutions, we understand the difficult challenge when facing financial struggles and are committed to showing you a new road to freedom. Don't delay and wait until it's too late. Act now and put yourself in the drivers seat to financial security.

Free Consultation on Debt Elimination
By speaking with a dedicated Debt Representative, the most knowledgeable in the industry, you will learn in minutes your plan of action to eliminate your debt, avoid bankruptcy and get your life back. Call now... It's fast, easy and 100% confidential. 1-800-866-4447

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