Consumer Preference for Debt Relief

Consumers deciding on a debt reduction method, such as our service or debt consolidation, depends on the their preference. MyUSADebt agents work to reduce the consumer's principal amount of credit card debt, while a debt consolidation loan only reduces the interest rate. Our method reduces the total amount of debt.

Compare Debt Relief and Debt Consolidation

If consumers prefer to pay less money toward their debt balance, then our service can fulfill their preference. Consumers save money toward a settlement account, which they control and maintain. When they save enough money, we work with creditors to find an agreeable settlement amount. After the resolution on debt balance, the consumer pays the creditors and their account balance is cleared and closed. The creditor reports it as paid in full.

When consumers want to pay less interest than their current rates but keep the initial balance, debt consolidation accomplishes this goal with a low- interest loan. Debt consolidation loans allow consumers to pay either less total interest or smaller monthly payments. Consumers save more money by paying less total interest, but these low-interest loans carry high monthly payments with a short repayment term.

Consumers can elect to pay less each month with debt consolidation by borrowing a loan with an extended term length. However, long repayment terms cause consumers to pay more interest throughout the life of the loan.

The Best Debt Relief Option

Our service, unlike debt consolidation, does not force consumers to decide to pay less interest or lower payments. The program allows consumers to save money at their own pace and apply the funds toward a reduced credit card debt balance. The consumers' incentive for enrolling in our service involves paying off debts according to their financial ability.

Consumers often select debt consolidation to reduce their monthly payments, despite paying higher interest costs throughout the life of the loan. With our service, however, consumers save money on total costs by paying less toward the initial debt.

You can settle your debts today. Drew Johnson is an expert in the various methods of debt reduction and has successfully reduced his own debt. He has written about various debt relief topics. MyUSADebt provides an alternative to consolidating your debt.

• Control Your Debts
• Eliminate Financial Burdens
• Avoid Risky Consolidating Loans with Our Debt Relief Service