Your Debt Options

Options You Have

What are the debt relief options I have to clear my debts?

Here are Five options open to you to get rid of your loans and lead a debt free life.

DO IT YOURSELF

WHAT IT IS

Many people are not sure if they should utilize the services of a debt relief company to help them get rid of their overburdened debt or not. You have the option of discussing your problems with your creditors and reducing your interest rates. You can also get your credit cards debts converted into repayment program. Besides this, you can discuss with your creditors about a timeout period of two to three months which would help you to have time to get your finances on track and save money... Read more

PROS

• No negative impact on credit score.

• No obligatory fees or costs.

• Optimized payments to suit your financial needs.

• No additional costs of hiring someone.
  

CREDIT COUNSELING

WHAT IT IS

There is a number of credit counseling agencies available online and offline You can hire one such agency to solve your debt issues. Your counselor will research your financial situation and begin the process of setting up a Debt Management Plan (DMP) tailored to suit your personal needs. The counselor will recommend a low monthly plan and then negotiate with your creditors to lower interest rates. The funds you pay will be distributed to your creditors... Read more

PROS

• Not harassed by creditors.

• A one-time monthly payment.

• Waiving of penalty charges as well as any fees.

• No additional costs of hiring someone.
  

DEBT CONSOLIDATION

WHAT IT IS

You have the option of consolidating your debts into one account. You can do this by getting a loan from a bank or credit union. You can also get a home equity loan. These specific types of loans could eliminate higher interest rates of your debts and arrive at a lower monthly payment. Your loan will be paid off each month with a fixed amount of payment... Read more

PROS

• Will be rid of angry creditors and debt collection calls.

• Does not impact your credit score.

• Flexible terms and conditions.

• Only one predictable monthly payment.

BANKRUPTCY

WHAT IT IS

If you are carrying debt more than you could ever think of paying off, then you have the option to file either Chapter 7 or Chapter 13 of bankruptcy. Bankruptcy is a legal procedure which absolves you from the obligation of repaying your unsecured debts. Professionals will evaluate your assets. Your assets will be used to pay off your creditors. Once the process of bankruptcy is completed you are free from all the debts you owed prior to filing bankruptcy...Read more

PROS

• Processing takes as little as 3 to 6 months (Chapter7).

• Debt obligation could be fully cleared.(Ch.7).

• Creditors are barred from collecting the debts you owe.

DEBT SETTLEMENT (WHERE WE SHINE)

WHAT IT IS

When you partner with OORAA, our experienced team will work with you to select a debt settlement program suited to your needs. You will deposit a low monthly payment for your entire debt in your Insured Dedicated Account. Our experienced Debt professionals will negotiate with your creditors. They will not only reduce the amount but also eliminate your debts in the shortest time frame possible. All your debts will be accounted for and payments made from your customized account, until the debt is ultimately paid off...Read more

PROS

• Substantial savings while making minimum payments.

• One-time low monthly deposit.

• Much faster than paying minimum payments.
  

OORAA Debt Relief is proud to be an expert in debt settlement with one of the most experienced teams in the industry. We have been helping individuals and small business owners for the past eight years and have resolved debt settlement for over $6 billion.

If you are overwhelmed with debt please do contact our debt relief consultants who will lead you on the road to debt recovery and freedom.

To learn more about how OORAA Debt Relief provides

debt settlement and get your free debt evaluation please call at – 888 888 9914