Debt Consolidation in San Antonio

Americans charged $180 billion in new credit card debt in 2022, the most immense amount of debt ever added in a single year, according to a recent study by WalletHub. This has left many Texans wondering how to combat inflation and pay their credit card payments while dealing with rising interest rates. Fortunately, the San Antonio headquartered company Debt Redemption Texas Debt Relief exclusively helps Texans with multiple solutions to overwhelming credit card debt and personal loans. The firm specializes in assisting Texans with large debt loads ranging from $30,000 to well over $100,000. The 100% veteran-owned company has been helping Texans for over 20 years and offers free, no-obligation phone or office consultations to any Texan struggling with overwhelming debt.

The first option to consider is a debt consolidation loan to pay off high-interest credit cards. If you qualify for one of these loans, it may substantially lower your monthly cost while shortening the repayment timeframe. Debt consolidation loans are usually a fixed rate which will protect you from future interest rate hikes. Debt Redemption Texas Debt Relief uses its affiliate platform of lenders to help you to shop for the best debt consolidation loan. There is no cost, obligation, or impact on your credit score to review offers from lenders.

The second option is a credit counseling program to lower interest rates on existing credit card debt without a new loan. This option should generally be considered if you are unable to qualify for a debt consolidation loan. You will no longer be able to make charges on your cards once they are enrolled, but you may save enough money every month that you can set aside funds to not need to rely on further credit card debt.

The Texas Debt Relief program is another option to negotiate substantial balance reductions with your credit card debt and most other personal loans not attached to collateral. This type of debt is considered unsecured and can include medical bills and high-interest predatory or payday loans. The Texas Debt Relief program is a hardship program and should be considered if you cannot qualify for or afford a debt consolidation loan and want to avoid bankruptcy. The massive advantage of this program is that the debt can be resolved in as little as 24 to 48 months with program payments that are often less than half when compared to combined minimum payments.

Debt Redemption’s Texas Debt Relief program is typically up to 40% less when compared to debt relief programs provided by out-of-state providers. It can be a great option if you are currently paying your debts but feel that you may fall behind in the future or are already delinquent, as your debts must be delinquent to be negotiated for the lowest amount possible. Anytime you are delinquent, your credit will be negatively impacted. However, with the right steps, you can somewhat quickly rebuild your credit once the debt is resolved. Resolving the debt will also improve your debt-to-income ratio, which will help give you much more purchasing power.

Bankruptcy is another option to consider. However, many people cannot discharge their debt in Chapter 7. This is because you must have income and assets below the threshold of the bankruptcy guidelines. If you can qualify for Chapter 7, your unsecured debt could be eliminated in as little as three months. If

you do not qualify for Chapter 7, your only bankruptcy option might be a Chapter 13 repayment plan. These plans could be more expensive or less expensive than the Texas Debt Relief program. You should speak to a qualified Texas bankruptcy attorney if you are considering bankruptcy. Debt Redemption Texas Debt Relief helps you to make this comparison easy through special arrangements with a highly-rated Texas bankruptcy law firm that can discuss your bankruptcy options at no cost or obligation. By doing so, you can see if bankruptcy, a debt consolidation loan, credit counseling, or the Texas Debt Relief program will be your preferred option to resolve your debt.

Please read the reviews of other Texans that Debt Redemption Texas Debt Relief has assisted by clicking on the Better Business Bureau logo on the company website. For a free and no-obligation phone or office consultation with a Texas Debt Specialist, call 800-971-4060 or visit debtredemption.com. Ask about their $1,000 Visa Gift Card Lowest Fee Guarantee.