Everything you need to know about Debt Solutions
Are you in search of debt solutions? If yes, you must have come across a lot of debt management programs. You might have looked into a variety of options and be confused regarding their working. Let's know more about ways of handling debt and the differences between them and also about debt settlement companies.
Debt solutions: Use caution
Before getting into an agreement with any debt solutions company or debt relief services, experts recommend you to use caution and also do research about the service provider you are going to hire. Do not go on the oral words, take everything in writing and read all the statements carefully.
- Try not to go for agencies that charge you up-front fees before offering them help.
- Be aware of any debt relief option that gives you the guarantee that it will eliminate your unsecured debt or your unsecured debt will be paid in very fewer amounts.
- Avoid companies that do not offer you free information about its services without you giving the details of your personal financial information.
Given below are some of the guidelines that should be considered to evaluate any organisation:
Different debt solutions
Given below are different debt solutions:
Debt Management Plan
This plan helps you in paying off your unsecured debts with the help of a non-profit credit counselling company. They enable you to get control over your finances without incurring much debt.
Debt consolidation loan
Banks or financial institutions generally provide them and their use in paying off several debts with one loan.
This is actually a debt relief option where the settlement company negotiates with your creditor to let you pay a settlement amount which is less than the actual amount you owe to them.
If you are looking for a company, who can solve the issues regarding your debt, visit us at Ooraa and manage your finances well today.
Please note that all calls to the company may be recorded or monitored for quality assurance and training purposes.
Ooora Debt Relief helps its customers to understand the different choices they have to get rid of unsecured debt. Based on the conservative estimates clients that enroll in our Debt Management Plan and make all their payments on time generally experience a 50% reduction of their enrolled balance before our fees and about 30% reduction after payment of fees over12-48 months. Individual results may vary and are dependent on factors such as the total amount of debt, creditors’ cooperation, ability to save and successful completion of the program. Ooraa Debt Relief does not guarantee percentage reductions or the specific period in which the consumers’ debt will be resolved. We do not charge any upfront fees until a settlement that you have approved has been negotiated and at least one payment has been paid towards it. We do not provide tax, bankruptcy, legal or investment advice. Depending on your state we may be able to suggest a local tax professional or a bankruptcy attorney. Our program is not available in all the states and fees may also vary from state to state. Please consult a tax professional to consider the tax consequences of debt settlement.
The simulated savings calculator on our website is for illustration purposes only and may not always be accurate since they vary by each client’s unique situation. You should get a specific estimate from our company office for an accurate assessment before you decide to enroll in our program.
Please read and understand the contract terms and how the use of these services can adversely impact your credit before commitment.