Debt Settlement, A great alternative to Bankruptcy

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If you are in debt, you’re not alone, it is a problem for many Americans and there is a way out. Now you think you’re not in debt, but if you make payments on everything, which is considered the debt. You can really grow on you, more and more, and that’s where consumers can get into difficulty. Vision Debt Solutions, a debt settlement and a member of the Better Business Bureau, helps people to get out of debt by negotiating with creditors to reduce the amount owed. In most cases, reducing the debt by half, and helping consumers become debt within 12-36 months. Negotiate is an essential part of a program of debt relief. Settlement of the debt can be an excellent alternative to bankruptcy after the consideration of reform legislation in October 2005, it became very difficult to file for bankruptcy. A consumer in May to $ 30,000 in unsecured debt or more.

Let a consumer with $ 30,000 in debt.

If a consumer has $ 30,000 of debt, with 29% interest rates to 4% of pay, it will take about 28 years the benefits of debt while making minimum payments of $ 1200 per month and will pay back the amount borrowed, plus $ 75,000 in interest alone, for a total of a huge amount of $ 105,000.

Now lets take a look at the same $ 30,000 of debt with a program of debt settlement.

If a consumer has $ 30,000 of debt, it will take approximately 36 months to repay the debt while a monthly payment of about $ 550-600 and repay a total of $ 20,500.

Although debt reduction and debt settlement programs are not designed for everyone, but they are designed to help consumers who are struggling with minimum payments out of debt very aggressively and very quickly.

To learn more about debt settlement and how the consumer can benefit from this type of program, you can visit www.VisionDebt.com or call the Vision Debt hotline at 1-877-501-DEBT.

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