(Newswire.net — October 28, 2013) Lehi , Utah —
Most Americans carry at least some debt. We all want to put ourselves in a better financial position even when we’re staring at a backlog of bills that keeps us worried. We are now getting help through Debt Consolidation, Debt Negotiations, Credit Counseling, as well as Do-It-Yourself Programs like Tranont.
The explosive growth in debt in America has caused a situation today that many are calling a personal debt crisis. This type of debt can be particularly tough to make headway against, considering the economy we live in.
In response to these economic conditions, debt relief providers offer programs to meet the needs of those troubled with debt. The most popular programs continue to be loan programs, targeted negotiation techniques, and do-it-yourself software.
Debt consolidation loans combine several loans or liabilities into one loan. In other words, debt consolidation is the process of taking out a new loan in order to pay off a number of other debts. Reasons to consolidate debt are usually to attain a lower interest rate, or maybe for the simplicity of a single loan. This is also known as a “consolidation loan.”
Debt Negotiation is a process commonly used in debt settlement and debt arbitration; negotiating with a creditor to pay off a percentage of a balance owed on old bills, invoices, utility bills, lawsuits, liens, medical bills, judgments, etc.
Credit counseling is another option with credit card debt in particular. This program may also make use of debt negotiation. These companies work with lenders to negotiate the reduction of payments, fees, interest rates to come to a workable solution to satisfy both parties.
Do-it-yourself programs are the most appropriate approach to getting rid of debt for many Americans. Now you know that there are programs to help us get out of debt faster than you may have thought possible. One of the best online tools is Oneview, by a company called Tranont.
In my opinion, a great debt-management tool should:
- Be super-user-friendly
- Automatically send payments beyond your minimum to the highest-rate credit cards first
- Alert you to opportunities to optimize and reduce debt costs
- Do the math so you can understand quickly what your debt is really costing you and how other scenarios — like paying it off sooner — will help
These programs and services are a vital part of the nation’s economy. They help to ensure that lenders are, at least partly, compensated for what could have been total losses. They also provide helpful education to consumers on budgeting, money management, and reduce the number of bankruptcy filings.
Tranont, Inc. provides industry-leading personal financial management products, a unique business opportunity, and superior marketing to help individuals everywhere earn more income, take control of their finances and solidify a financial future. For more information, call (888) 330-2331 or visit the website at www.ucanlivedebtfree.com
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