Getting Out of Debt

Getting Out of Debt is still Possible!

Do you find yourself way over your head in debt? It happens all the time to hard working people like you all over the United States day in and day out, but we are here to help. Our caring and experienced staff are here to provide you with an ambitious approach to debt reduction and some of the lowest settlements in the industry.

According to a study published by the Pew Charitable Trust, roughly 80% of Americans now find themselves in debt.
This debt can be piled on in a plethora of ways. For example, the majority of Americans own credit cards--and falling behind on payments can cause debt to pile up surprisingly fast.
Mortgages represent another form of debt that, for the vast majority of working and middle class people, is going to be necessary in order to own a home.
Student loans, medical bills, and back taxes can also pile up very quickly, and sometimes this can happen completely unexpectedly. (For example when an unexpected illness forces a hospital stay, or when that job you were planning on beginning upon graduation doesn’t pan out right away.) The point is if you have found yourself in debt, you are not alone!

The truth is a healthy level of debt can even be a good thing.
Think back to the examples of mortgages and student loans: both of these types of debts can actually enable people to attain dreams such as owning a home or completing college that may have been out of reach without outside funding.
So debt in itself can be a valuable tool. (This is precisely why credit is so important.) The problem, of course, is when debt reaches a point where you are struggling to make payments.

Once this happens, getting out of debt can seem impossible--and your financial life can become very discouraging. All of your disposable income (and then some) may begin going toward making payments that you still struggle to pay. Debt collectors may begin contacting you and your credit may become so damaged that many financial options that were previously available to you (i.e. getting a credit card, taking out a student loan, etc.) become infeasible. The situation can begin to feel hopeless.

We’re here to tell you that hope is not lost. At Madison Monroe and Associates, we have helped countless people reduce their debt by 40 to 60%--and we can do the same for you.

Want to learn more about debt settlement? Visit us online today to learn more. Madison Monroe and Associates online today.

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