Debt Resolution

For most consumers facing financial hardship compounded by significant debt, there are generally three options towards resolving their debt; enrolling in a Debt Management Type Program, seeking a Debt Settlement, or filing for Personal Bankruptcy.

There are many factors to consider when deciding which method of debt resolution is best. And, depending upon your personal situation, certain methods may not be an option. Some of the factors that may determine your approach to debt resolution may include; the type of debt, the creditors, the amount of debt, your debt history, your ability to pay the debt, and the value of your assets and liabilities.

Because of the many variables involved, selecting which method is best suited for your particular situation is a challenge and in some cases, should probably be left up to the professionals. For example, if you have a $10,000 debt, $5,000 may settle it. And although most consumers do not have the funds for such a solution, many financial obligations can often be settled over a period of time if managed properly.

With your assistance, DMB will analyze your financial profile. Then, we can offer various solutions, for example, to raise the funds necessary to settle your debt or, we can help you in creating a structured savings plan that can be applied towards resolving this debt. All things considered, a Debt Settlement program may be a better option than a Debt Management Program. In some instances, we may even determine that filing for Personal Bankruptcy may be the only viable option towards absolving you of your debt.

For more information, fill out our FREE, NO-OBLIGAGATION online form or call a Program Consultant to find out which debt resolution option is right for you!

* DMB Financial does not offer legal advice. If considering bankruptcy, please consult with a bankruptcy attorney.