Find Debt Relief in Portland, Oregon

Looking for Debt Relief in Portland, Oregon?

Dealing with the stress of too much debt can be overwhelming.

But, GOOD NEWS, YOU HAVE OPTIONS that can help you become DEBT FREE once again!

debt relief portland oregon

DEBT MANAGEMENT

If you have accumulated too much credit card debt or other unsecured debts such as:

STORE CARDS
PERSONAL BANK LOAN
PRIVATE STUDENT LOANS
REPOSSION DEFICITE JUDGMENT
MEDICAL BILLS

In a Debt Management Program, a Debt Management Company will contact each of your creditors and set up agreements to repay your entire balance. In most cases, your interest rate will be lowered or eliminated and late fees and over-the-limit fees will be stopped or forgiven.

You will have ONE MONTHLY PAYMENT which will be distributed to each creditor according to the agreements. This payment is approximately 2.5% - 2.7% of the total balances of all of your accounts.

For example, let's say you have a total of $20,000 of unsecured debts. Your monthly payment in a Debt Management Program would be approximately $500 - $540. This includes the monthly Debt Management Program fee.

Not everyone can handle this payment. If this is your case, them you should check out and investigate a:

DEBT SETTLEMENT PROGRAM

Debt Settlement is for people who have had a serious financial setback due to a number of factors including:

UNEMPLOYMENT
ILLNESS
DISABILITY
DIVORCE
DEATH OF SPOUSE OR PARTNER

There are several factors to consider before enrolling in a Debt Settlement Program, but see if some of these describes you:

Missing or unable to make all of the minimum monthly payments required by your creditor.
Taking cash advances to be able to pay basic monthly bills.
Some or all of your accounts are 60 -90 days past due.
Some or all of your accounts have been charged off and placed with Debt Collectors.
You are getting numerous DEBT COLLECTION CALLS!
You have received a SUMMONS.

STOP Collection Calls Free Sample Letter

In a Debt Settlement Program, you will have:

ONE MONTHLY PAYMENT THAT FITS YOUR BUDGET
EACH OF YOUR ACCOUNTS WILL BE NEGOTIATED AT AN AVERAGE OF 50% OF THE BALANCE
ONCE ALL OF YOUR ACCOUNTS HAVE BEEN SETTLED, YOUR CREDIT SCORE WILL BEGING TO GREATLY IMPROVE!

BANKRUPTCY

Unfortunately, you may find yourself in such a financial situation that you cannot qualify for either a Debt Management Program or a Debt Settlement Program. If that is the case, then Bankruptcy may be you best and/or only option.

There are varying opions about Bankruptcy, but it allows someone who has tried everything possible to keep up or pay back their debts, a SECOND CHANCE!

Most likely, you will qualify for a CHAPTER 13 Bankruptcy. A qualified BANKRUPTCY ATTORNEY will explain all of your options and prepare a "PLAN" to present to the Bankruptcy Court Clerk.

You will be making monthly payments to the bankruptcy court clerk for approximately 3 -5 years (depending on your Chapter 13 plan).

A portion of the payment will go to the attorney and a portion will go to the creditors, according to your plan.

Once your bankruptcy plan is completed, your credit scores will start to improve.

Regardless of which option is best for you, there is a way to get out of debt and become DEBT FREE ONCE AGAIN!

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