Consumer Debt

 

If you are having trouble keeping up with your credit card payments, medical bills, and other unsecured debt, you are not alone.  Consumer debt is causing financial distress for millions of American families. Due to the nature of compounding interest, most credit card holders are faced with 20, 30 or even 40 or more years of increasing debt based on their ability to maintain monthly payments.  Although recent legislation has put a stop to some of the predatory lending practices in the credit card industry, these new laws do very little for those already overburdened with debt.

The Loss Mitigation Network has developed a debt relief program that includes both debt management (also known as credit counseling) and debt settlement.  Depending on the amount of one’s unsecured debt, there are options that allow consumers to reduce and freeze high interest rates, cut principal balances by 40-60%, and become completely debt free in 3-5 years. 

We complete a thorough financial analysis and prepare a detailed free report (without obligation) for each client so they can fully comprehend their current situation and  understand the options available to them. Based on their individual needs, we place them with the most appropriate service provider. 

Each of our service providers has been thoroughly interviewed and carefully chosen based on their stellar reputation with industry trade groups and regulatory agencies. They operate with the highest ethics and integrity and always place the client’s interest first. You can learn more about the benefits of each debt solution by visiting the following pages: