Los Angeles, CA -- (SBWIRE) -- 05/29/2015 -- Debt relief and debt relief programs have come a long way. In 2015, these debt help programs will assist more Americans than ever before. It's not necessarily that more Americans are struggling financially but rather these debt elimination programs are easier than ever to apply for and qualify for.
Struggling to make ends meet has become the norm for many families across America. What to do when a person is stretched far beyond their means? Fortunately, there is much that can be done to help those who are struggling with debt better manage, restructure and even reduce the amount of personal debt that they owe. These programs include the following:
Debt Consolidation – This debt restructuring program offered by a debt consolidation company involves the process of combining multiple debt monthly payments into a single monthly payment this is more manageable and more affordable. Often, a new loan is taken out to pay off other outstanding loans.
Debt Settlement – This type of debt relief program is offered by many legal firms as well as attorney-based debt relief services. The process involves the debt relief provider negotiating on behalf of the person in debt with their creditors to reach a settlement for a significantly reduced amount of the original debt owed. Attorneys also work to verify if the debt in question is legitimate or not, and also inform creditors to deal directly with them and not the debtor thereby eliminating collection calls.
Credit Counseling – A credit counselor looks at a person's total financial situation, and helps them work out a plan to pay off their debt. Reputable credit counselors can also help a person create a money management plan and household budget, and a debt pay off plan, as well as provide free resources and workshops related to money management.
The good news is that debt relief as offered by a debt consolidation company, an attorney-based debt settlement provider, or a credit counseling service can be just a click away.
About National Debt Relief Program
National Debt Relief Program offers a free debt analysis which can be taken advantage of at their website: http://www.nationaldebtreliefprogram.org