Compare Debt Resolution With Other Debt Elimination Options
And learn why we believe our program offers the best solution for debt elimination
There are five alternatives for solving debt problems, and while we believe The Asset Protector Group is the best option, we want to educate our potential customers on the alternatives and let them make the choice that is best for their situation. Here are your options...
Option #1 - Debt Consolidation Loan
Unfortunately, a Debt Consolidation
Loan is one of the most common solution people think of
when they fall into financial difficulties. This is a problem
because most people who get a debt consolidation loan find
themselves in much deeper financial trouble than they were
in to begin with.
Debt consolidation loans transfer debt from one place to
another. While this may sound good, since many times it can
be appear to lower your monthly payments, a debt consolidation
loan will not reduce the amount you owe.
FACT: Debt Consolidation has a 98% Failure
Rate!
You will still pay back 100% of the debt consolidation loan,
plus interest. The interest rate is sometimes lower than before,
but this is because debt consolidation loans are usually secured
loans that cannot be lowered or negotiated. Once you sign
up for a debt consolidation loan, you have just gone from
an unsecured debt to a secured debt and have put your personal
assets (e.g. your car or home) at risk. At that point if you
can't pay your bills your creditors can come and take your
personal property - thus creating a bigger problem than you
had to begin with.
Debt Resolution vs. Consolidation Loan
What is the cost?
Consolidation: The whole amount plus
interest. There is not much savings if you are even in the
two percent of people that actually succeed in this type
of program. You are still liable for the entire balance
and there will still be interest to pay, even though it
is reduced in most cases.
Resolution: $4,000 to $6,000 (if attorney
support is needed) with a resolution in under two years
instead of ten.
How long does it take?
Consolidation: Three to five years
Resolution: Two years or less
How is my credit affected?
Consolidation: Shows balances not paid, without
any chance for early restoring
Resolution: Each credit item will be charged
off with the possibility of having each removed within two years
instead of seven or ten.
How effective is it?
Consolidation: Only 2% of the people
in these programs ever complete them.
Resolution: Very effective for any credit collection
problem at substantially reducing debts to well under industry
standards for debt settlement, bankruptcy and consolidation.
As you can see, Debt Consolidation is usually not a good choice.
Fill Out The Form above for more information and a FREE Debt Elimination Consultation
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