The truth is, many Americans are in the same predicament.
But there are ways out, including debt relief.
Take Kerry Smith, for instance.
He was a Green Beret who did four combat tours in Iraq and four more in Afghanistan.
He fought terrorists and insurgents, dodged grenades and roadside bombs.
But he got overwhelmed with $84,000 worth of debt from deals that went south.
Looking for help, he found a debt relief company calledAccredited Debt Relief.
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So, What Is Accredited Debt Relief?
Accredited Debt Relief creates custom debt consolidation plans for people who have serious debt and have trouble making payments.
The company works with each client to create a personalized repayment plan.
The only other requirement for Accredited Debt Reliefs debt consolidation program is a stable source of income.
Youll need to consistently make your monthly payments to get to qualify for their debt relief options.
Did you know?
Everyones debt is unique, and paying it off involves a lot of strategy.
Theyll explain all the options and spell out a strategy forlowering your paymentsand maximizing savings.
This debt-relief program is all about setting people up for future success.
Thats why itll have you open a savings account in your name that youll control.
Thats where youll send monthly deposits thatll go toward paying off your debts.
Youll also need to stop using credit cards or drawing on that line of credit.
This will help the debt relief program negotiators build your case.
Thats how they save people money.
Once you approve the deal, youll pay the settlement out of your savings account.
What if a creditor wont work with Accredited Debt Relief?
Your monthly payments wont go to any creditor that declines to work with you on debt settlement.
Many other debt-relief companies ask for payment before an agreement is reached.
How much will a debt-relief program cost me?
Fees range from 15% to 25% of the debt you owe.
He bought and started remodeling a duplex in Olympia, Washington.
Then his dad got sick, and the family moved to North Carolina to take care of him full-time.
I started missing payments, and then it was a massive snowball, he says.
It was just a maelstrom of different things in my life.
In retrospect, he would have done things differently.
But hindsight is 20/20.
Thats how I got into this spot, he says.
It wasnt that we were out buying Gucci or designer threads or anything like that.
I was just trying to do right by my family.
The company charges for its services.
Still, its worth it for Smith and his family and is a huge relief.
We havent been getting any more phone calls from creditors which is nice.
The idea is to help people out of debt without declaring bankruptcy.
If you or someone you know is in serious debt, Accredited Debt Relief deserves serious consideration.
If you qualify, it can help turn finances around and help you reclaim your life from debt.
Like what you learned in this Accredited Debt Relief review?
It takes less than a minute tosign up for a free initial consultation.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…