Debt Solution Services - Pros & Cons That Will Surprise You
Many of us are overwhelmed with debt and look to some common debt solution services to help us reduce personal debt and eventually become debt free. Choosing the right debt reduction solution can be difficult so it’s important to weigh the pros and cons of each debt service. Let’s take a look at:
Debt settlement services
Credit Counseling services
The Money Merge Account™ program
Debt Settlement Services
Debt Settlement is a debt solution that handles negotiations with your creditors to reduce personal debt.
Pros
They “promise to wipe out” at least 40% of your personal debt by paying the principal in one lump sum.
They deal with the creditors so you don’t have to.
Cons
You will also be charged late fees and over-limit penalties for not paying monthly. So you’re not reducing personal debt, you are increasing it!
You save up for the one lump-sum by not making monthly payments. When payments are deferred, your credit score will drop and your interest rate goes way up.
This debt solution service is rich with fees. You will be charged for set-up, maintenance and even a commission of 25% or more on successful settlements.
Credit Counseling Services
This debt solution service assigns you a counselor who will also negotiate with creditors on your behalf to seek debt relief.
Pros
They work to lower your interest rate and/or your monthly payments.
They strive to have you excluded from typical fees, like late fees or over-limit fees.
They set up a repayment plan with each individual creditor.
Cons
They don’t work. The failure rate is 75%!
These services are not designed to provide debt relief quickly. In fact, the typical plan takes 4-5 years.
The repayment plan is not flexible and does not account for financial emergencies.
The Money Merge Account™ Program
The Money Merge Account system is a powerful debt solution service that is now available in North America. At the heart of the Money Merge Account system is a sophisticated suite that centralizes all of your income and debts. It uses complex algorithms to analyze every variable of your existing income and all of your debts and coaches you through the shortest path to financial freedom. Pros
It eliminates personal debt in as little as 1/3-1/2 the time of other methods and has a limited guarantee.
You don’t have to deal with creditors.
Almost anyone can qualify; you only need a savings account, checking account and debt you want eliminated.
The Money Merge Account system software tells you exactly when to make payments on each debt, and in what amounts, to maximize interest cancellation.
This debt solution service also instructs you when to strategically transfer your money from one account to another to maximize interest earned.
It shows you your payoff date immediately and provides a plan to keep you on track.
You are always in control and the Money Merge Account system is flexible enough to handle financial emergencies.
It’s not only a debt solution service. Once you eliminate personal debt you can use it to accumulate wealth.
Cons
It’s the best kept secret of the debt solutions!
Its coaching system can only help those serious about eliminating their debts.
When you weigh the pros and the cons, there is no comparison. The Money Merge Account program is the best debt solution service available. Get your complimentary analysis today to see how you can take advantage all the benefits of the Money Merge Account system to accelerate your debt reduction. It will give you a taste of how powerful the Money Merge Account debt reduction software is – you’ll see your payoff date on your complimentary analysis! Click below to get started.
