The Answer For Credit Card Debt?
By Rachel Alexander | April 10, 2023
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If you're struggling with debt, you may feel overwhelmed and unsure of how to get out from under it. One option you might consider is TurboDebt, a company that can potentially get your debt cut in half.
Learn More“I just enrolled into the TurboDebt program and they were able to settle my $31,000 in credit card debt to $16,000. I’m no longer paying any interest and I’ll be completely debt free in a third of the time.” – Sharon Duncan (actual customer)
TurboDebt specializes in what’s called debt settlement, a process that involves negotiating with your creditors to settle your debts for less than the full amount owed. This can be done on your own, but it’s way more effective if you’re willing to work with a debt settlement company like TurboDebt. They have relationships with certain banks that can settle debt in one phone call.
Learn MoreAdvantages of Debt Settlement
- One advantage of debt settlement is that it can potentially reduce your debt by a significant amount. Depending on your situation, you may be able to settle your debts for as little as 50% of the original amount owed.
- Another advantage of debt settlement is that it can help you get out of debt more quickly than other options, such as debt consolidation or a debt management plan. With debt settlement, you can potentially settle all of your debts within a few years, rather than the 5-10 years it might take to pay off your debts through other means.
Disadvantages of Debt Settlement
One disadvantage is that it doesn’t help your credit score. You will likely see your score drop a few points while you’re working to pay off your debts. It’s important to consider that your credit score doesn’t really matter when you are already struggling to pay off your current debts. The likelihood of receiving an actual loan with unmanageable credit cards is virtually 0%.
Overall, TurboDebt is something you should consider if you’re struggling with credit card debt. Every day it gets harder and harder because the hole gets deeper and deeper. Interest is relentless, but TurboDebt offers a way out.
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