Process of Debt Settlement
At Debt Settlement NYC, we use an effective and calculated plan to deal with your creditors. Our connection with them allows us to provide the best debt relief plan, and help you pay off your debt as soon as possible.
All unsecured debt is consolidated into one simple monthly payment, which goes into one account. This particular account will be devoted to paying off your debt. You will have complete control of this account, to which you will have full access throughout the debt settlement process.
Our highly skilled debt settlement professionals will negotiate a plan, to create the best payback for your personal loan debt and credit obligations.
As we reach a settlement on one of your credit accounts, you will be contacted in order to receive your approval on the payoff plan. Afterward, we will set up a new repayment and settle the balance debt.
Debt in America
Debt is an unfortunate circumstance no one wants to be a part of. Debt is related to serious financial and personal issues. There are many ways one may end up in debt.
One primary type of debt many Americans experience is credit card debt. As of this year, the average American family has a credit card debt of $6,569. However, Americans’ total debt lies at $841 billion across an estimated 506 million credit card accounts. It’s a staggering number that suggests many people are suffering.
Why reach out?
Debt has been linked with several mental health issues. One particular negative psychological and physiological effect is stress. Financial stress is particularly dangerous as it can turn into chronic stress. When stress becomes chronic, the chances of drug and alcohol abuse increase.
When it comes to overwhelming financial stress, one is also more likely to take their own life. Debt is also linked with other problems, such as anxiety, depression, and anger.
We care and fully support hardworking New Yorkers. We understand the toll financial stress and anxiety can have on you and we sympathize with it. If you need help in settling your debt once and for all, please contact us at 347-588-5330.