Home Debt Settlement Our Programs Options F.A.Q. Contact     Debt Resolution Options There are several options providing financial solutions from which to choose for solving debt problems. Debt Settlement, Credit Counseling, Debt Consolidation and Bankruptcy are the more common. Debt Settlement Programs have the greatest range of applications and are based solely on the financial capability of the debtor providing an alternative to Bankruptcy. Our programs are flexible and can be modified to accommodate special creditor offerings as well as changes in the debtor's income or expenses without disrupting the program. Those who qualify for debt settlement could be out of debt in as little as 2 to 5 years. These programs provide creditors with an alternative to costly civil litigation, which if successful for the creditor often drives the debtor into Bankruptcy from which the creditor rarely recovers the debt much less the cost of litigation. Credit Counseling programs were originally set up by charitable (non-profit) organizations to help people who were experiencing financial hardships. Creditors, after realizing that these organizations were helping some people get back on track financially, adopted a more formal program to contribute to their efforts. Not only do they work for the creditors, they implement creditor models which a lot of times out perform the financial capabilities of the client and subsequently have a greater than 70% failure rate. And yes, they do get paid - by you in the form of monthly contributions and by the creditor under the "Fair Share Contribution" based on how much they get you to send in each month (usually 8-15% of what you send in). Not all creditors participate and pay under the "Fair Share Contribution" program, which means you will have to handle those creditor accounts left out of the program on your own. Debt Consolidation may provide a consumer with a home equity loan to help "consolidate" his or her outstanding debts into one monthly payment. While debt consolidation loans often offer consumers a lower overall interest rate, the negative effect is that many consumers often find themselves in a worse situation than before and the only thing they've really done is converted unsecured debt into secured debt jeopardizing their most valuable asset - their home. Bankruptcy should only be considered as a last resort. Once filed, bankruptcy will remain on your record for 7-10 years and could affect your ability to get credit and/or better rates on some loans. Newly passed bankruptcy legislation will make it more difficult for debtors to file Chapter 7 and will require those debtors who don't qualify to restructure and repay under Chapter 13 their unsecured debts over five years.   "Debt is the worst poverty." ~ Thomas Fuller, 1732 Please complete the following form and an analyst will contact you shortly. All fields are required. First Name Last Name Day Phone Alt Day Phone Email State Select Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Dist of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgina Washington West Virginia Wisconsin Wyoming Debt Amount Select Under 10k 10k - 20k 20k - 30k 30k - 50k 50k - 100k 100k +     © Copyright 2009, MJL Financial LLC. All Rights Reserved.