![]() ![]() Maybe now you’re even in a place in life where it seems as though a life without debt is totally impossible - a pipe dream that doesn’t apply to you. Now, you find yourself still trying to pay off debt s that you have gotten yourself into ten or maybe even twenty years ago. Perhaps when you first started your financial journey, you had the right intentions and even made plans of settling the debts before they got high. According to a survey, the average American has around $38,000 in debt, excluding home mortgages. This is closely followed by student loans, personal loans, and car loans. Indeed, many people make mistakes financially that unknowingly steal years of cash from their future because of minimum payments combined with high-interest rates.Ĭredit card debt is one of the leading sources of debt in America today. Unfortunately, we see this happening to more Americans today than you might think, leading to far more sad financial stories than should be the case. Whatever the cause, now you are worried, scared, and unsure what could possibly help you get out of debt. Maybe you’ve taken out a loan or two, only to find yourself overwhelmed by high debt payments? Maybe you’ve worked your whole life, retired, and are now living on a fixed income, and something has created a financial burden that has left you in significant debt? ![]() Depending on where you are financially, there can be benefits of debt settlement, but those benefits could also be offset by unintended financial hardships. Like many things in life, there are both pros and cons of debt settlement. What Are The Debt Settlement Pros And Cons ? ![]()
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