Nationwide Debt Settlement will help determine which option is best for your current financial situation.

• This situation is the least recommended. To be honest, the credit card companies loaned you the money and you should consider paying it back.
• If you already stopped making payments, you are destroying your credit while not making an effort to pay the revolving credit card debt. Never stop making credit card payments.
• Credit card interest rates can range from 0% on the low end to as high as 30% with some credit card companies.
• The first few years of payments made to credit card companies are interest only. The payments made do not touch the principal balance.
• Interest rates above 20% or higher make it impossible to pay of the credit card debt in a timely fashion.

• This program is known as being one of the top methods of partially paying back credit card companies.
• This program is tailored for individuals facing an extreme financial or medical hardship. At Nationwide Debt Settlement, you must qualify for this program.
• This program will have a negative impact on your personal credit file. The negative impact varies on a case to case basis. Nationwide Debt Settlement strives to educate you on the importance of credit and will find the quickest way through this. (if this option is considered to be successful for you)
• This program is not for everyone. Please talk to a Nationwide Debt Settlement budget analyst for determination.
• This program is the most affordable for consumers.
• This program lowers your debt to income ratio quicker than Consumer Credit Counseling. (see below)

• This program may make sense for some consumers. Nationwide Debt Settlement recommends talking to one of our highly skilled counselors.
• This program will have a negative impact on your personal credit file for 5-7 years.
• Consumers end up paying back the full balance of the credit card plus interest.
• The credit card companies usually fund these programs.
• This program will consolidate your credit card bills into one monthly payment and decrease your interest rates. Please be aware the interest rates are not much lower than some consumers have today.
• This program typically takes 5-7 years depending on the total debt amount.
  
  

• This program usually works for individuals who own real estate. However, the real estate will be collateral. Remember if you miss a payment they could take your home or whatever collateral you used.
• This program consolidates your credit card balances.
• This program usually allows credit card companies to be paid back in 10-20 years depending on the total debt amount.
• Consumers end up paying back the full balance of the credit card plus interest.
• The credit card debt which is known for being unsecured turns into secured debt because real estate is being used for collateral.

• Chapter 7 and Chapter 13 Bankruptcy will have a negative impact on your personal credit file for 7 to 10 years.
• These programs cost $1500.00 - $2500.00 to start the process.
• Bankruptcy is the best option for some consumers struggling financially. Nationwide Debt Settlement will help you determine this after a complete budget analysis.
• These programs may have a negative impact on employment status.
• Qualifying for Chapter 7 is difficult after the new bankruptcy laws were applied.
• Chapter 13 Bankruptcy entails paying back a very high percentage back to your credit card companies. (on average 75% to 100% of the credit card debt will be paid back)