Debt Settlement in Dallas, Houston, Austin, and San Antonio by Debt Redemption Texas Debt Relief

Call: 800-971-4060 or visit debtredemption.com for Texas Debt Relief exclusively for Texas residents at 40% lower fees than most out-of-state debt relief services.

Debt Settlement for 40% Less Than Most Competitors

Debt Redemption Texas Debt Relief is a 100% veteran-owned company headquartered in Texas for 20 years and exclusively servicing Texas residents. The firm specializes in solutions for very high credit card debt and personal loans, with many clients enrolling with $30,000 to $100,000 or more credit card debt. Many out-of-state debt relief firms charge 25% of your enrolled debt as a “performance” or “contingency” fee after a debt is settled. However, Texas residents can take advantage of Debt Redemption’s Texas Debt Relief program, which is provided to Texas for a 15% performance fee. This averages less than 4% a year on an estimated 48-month program.

Texas Debt Relief with Debt Settlement

Debt settlement is a great option for many Texans struggling with high credit card debt or personal loans since our state has excellent consumer protection laws. You will likely save much more by negotiating reductions of the balances you owe than a debt consolidation loan or credit counseling plan. Plans are usually estimated between 24 to 48 months, depending on your budget. In many cases, program payments can be less than half compared to high-interest credit care payments. You can enroll whether you are behind in payments or current on your payments. If you are behind on payments, the credit damage may have already been done, but enrolling will have an adverse effect if you are current on your payments. The good news is that the programs are relatively short, and rebuilding credit with the right steps is not difficult. Also, eliminating the debt will substantially improve your debt-to-income ratio, which may be a more important factor than credit.

Debt Consolidation Loans

Debt settlement is not the only option to deal with high-interest credit card debt. A debt consolidation loan may offer a lower rate and allow you to make one payment after paying off multiple credit cards. Lenders are taking fewer risks due to economic conditions, so these can be difficult to obtain since they require a high credit score and a good debt-to-income ratio. Debt Redemption Texas Debt Relief can help you shop for the best loan with its affiliate platform of lenders. If you use a debt consolidation loan to pay off credit card debt, it is important to be careful not to reload the credit cards, or you may find yourself in a worse financial situation than before.

Credit Counseling

Credit counseling programs are hardship programs, but they differ from debt settlement. Balances are not negotiated, but they can offer lower interest rates with most credit card debt and some personal loans. Rather than a new loan to pay off the debt, your credit counselor receives one monthly payment from you and then pays your creditors. The programs may hurt your credit score, and you will not be able to make further charges on your cards, but you may have a lower monthly payment compared to minimum payments due to the lower interest rates. The programs will allow you to pay off your debt much faster than making minimum payments, so you can also rebuild your credit while having a better debt-to-income ratio once you graduate from the program. However, these programs usually require a higher payment or take longer to complete than debt settlement.

Talk to a Texas Debt Specialist today at 800-971-4060 or visit debtredemption.com and learn about your options to resolve overwhelming credit card debt and personal loans.