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Resolve Credit Card Debt in as little as 24 to 48 months

Compared to Out-Of-State Companies

Compare our advantages to out-of-state companies and ask your Texas Debt Specialist about our lowest fee guarantee

Our Texas Debt Relief Service
is 40% LESS than most
competitors

Low monthly program
payments with no new loans
needed

Options for reduced interest
or negotiated balance
reductions

We provide an affiliate lending platform offering Credit Card Debt Consolidation Loans up to 100K in Texas

Facing a creditor lawsuit?
Contact us for help
ASAP!

Compare our advantages to out-of-state companies and ask your Texas Debt Specialist about our lowest fee guarantee

Our Texas Debt Relief Service is 40% LESS than most competitors

Low monthly program payments with no new loans needed

Options for reduced interest or negotiated balance reductions

We provide an affiliate lending platform offering Credit Card Debt Consolidation Loans up to 100K in Texas

Facing a creditor lawsuit? Contact us for help ASAP!

Debt Redemption Explains Debt Relief And Debt Consolidation In Texas

Many credit card issuers and lenders have been offering short term payment deferments to provide some temporary help to those impacted by the pandemic. Unfortunately, this is not enough for many people who need much more support to resolve high-interest debt problems. While there may be government-mandated help for student loans and some mortgages, there is no bailout for credit card debt and personal loans. Most people want to avoid a damaging and often costly bankruptcy but might not understand the difference between debt consolidation in Texas loans, consolidating with credit counseling, and debt settlement.

Debt Consolidation in Texas Loans

Debt Consolidation in Texas or consolidating debt with a new loan is not a viable solution for people who have too much debt and are experiencing financial hardship. For those who qualify, they may provide a reduced interest rate compared to high-interest credit cards. Depending on your existing interest rates and your new rate, your debt consolidation Texas loan payment may or may not be lower than what you are currently paying.  Suppose you have a good debt-to-income ratio and good credit scores of 720 or better.  In that case, Debt Redemption Texas Debt Relief recommends applying for a debt consolidation loan with your primary bank where you have your checking and savings accounts. 

Find out if your bank will offer you a low-interest loan to pay off your high-interest debt. Other options are Peer-to-Peer lenders such as Lending Club, which you can apply online. Lending Tree is another option in which banks and lenders provide offers through the platform so you can choose the best offer. If your credit scores are not at least 720 or the amount of your total debt payments compared to your income is too high, you may find it impossible to obtain a low-interest debt consolidation Texas loan anywhere. If this is the case, there are two other options to consider depending on your financial situation.

“Traditional” Credit Counseling In Texas

If you cannot qualify for a Debt Consolidation in Texas Loan and are current or no more than six months delinquent with your credit cards, a credit counseling debt management plan may be a viable option. With Debt Consolidation in Texas or consolidating your debt in this method, you will make one payment per month, and the credit counselor will distribute it amongst your creditors. The advantage of this type of Debt Consolidation in Texas is that the interest rates can be reduced, often to less than 10%. Another advantage is a relatively short 5 year payoff period depending on what you can afford monthly. Depending on your initial interest rates and your credit counseling program length, your consolidated monthly payments may be lower than your previous minimum payments. 

Even though you are still paying some interest in a credit counseling program, you may save a lot of money, and it will shave many years off the time it would take to pay the debts off compared to making minimum payments. These advantages come at a cost that may or may not be important to you. After enrolling in credit counseling, all your enrolled accounts will be closed. If you have good or even decent credit scores, they take a hit after enrolling. If your credit scores are poor, then this is likely not a concern. After enrollment, your creditors will also note that you are in a hardship plan on your credit report, which will make it nearly impossible to obtain new loans while in the program. Of course, you should not be acquiring new debt if you are struggling to pay the debt you already have. Most major creditor card institutions work with credit counseling agencies, but some installment loans will not qualify or will not experience any rate reduction. Credit counseling agencies charge a monthly fee and are provided compensation from the lending institutions for collecting the debt for the Texas debt consolidation in what is referred to as “fair share.”

Debt Consolidation in Texas with Debt Negotiation

Debt Consolidation Texas is sometimes debt settlement, another method of resolving debt that has gained popularity because of the enormous potential savings. In some cases obtaining debt relief in Texas through debt negotiation programs can cost less than a Chapter 13 bankruptcy. Debt settlement can be ideal for many people struggling financially, are behind in making their payments, or expect that they will fall behind soon. Research has shown a higher economic benefit for clients who complete debt settlement programs than traditional credit counseling. With Debt Consolidation in Texas, debt settlement programs are usually structured to resolve debt between 2 to 4 years but sometimes stretch to 5 years, depending on what is affordable monthly. The monthly cost has the potential to be less than half compared to making minimum payments and often much less when compared to a credit counseling program with a similar estimated length to resolve the debt.  

While credit counseling can negatively impact credit scores, so can debt negotiation. Your scores may even drop more compare to credit counseling because you will not be making normal monthly payments. Whether enrolled in any debt relief Texas program or not, credit scores are negatively impacted when you do not make at least the minimum payments.  While debt negotiation programs do not make monthly payments to your creditors, if you are already behind with your payments, the worst of the credit score damage may already be done. At that point, the focus should be on resolving your debt as quickly as possible so you can start rebuilding your credit scores as soon as possible. Since a debt negotiation program may be completed years sooner than a credit counseling program offering the same monthly cost, you may be able to start rebuilding your credit scores much faster by settling your debt.

Companies providing debt negotiation are not allowed to charge fees until they settle an account, and the settlement fees must be proportionate to the enrolled amount of the creditor settled. While in a debt settlement program, the monthly program payments accrue in a Special Purpose Account, which is essentially a savings account to build up funds to settle with your creditors and cover the negotiation fees. There is no quick and easy way to resolve debt if you do not have the funds to pay it off, so like other methods, there are few potential drawbacks of using debt settlement as a method of debt relief. The program length will always be an estimation that could be longer or shorter, depending on actual settlement amounts. The settlements could be higher or lower than estimated initially, but the estimation should be realistic and based upon a company’s historical settlements with your enrolled creditors. Some non-reputable debt settlement companies may quote numbers that are unrealistically low in an attempt to get you to sign up with them.

After a debt is settled, a creditor could send you a 1099-C for the amount of debt forgiven, meaning the forgiven portion could be considered taxable income. If this occurs, filing an IRS tax form 982 with your tax return may prevent you from paying income taxes on the forgiven debt. A tax advisor would be able to advise and assist in filing the form if needed.  Also, debt negotiation companies themselves cannot stop creditor attempts to collect until the debt settles. Creditors may call you, and there is a possibility a creditor could file a lawsuit against you in an effort to collect a debt before a negotiated settlement. Most debt settlement companies offer an optional pre-paid legal type of insurance provided by a third-party that may be able to assist in finding and hiring an attorney to help you if a creditor filed a lawsuit.

Debt Consolidation in Texas Debt Relief in Texas is available with Debt Redemption Texas Debt Relief.  The company is not a national debt relief company but rather a Texas debt relief company razor-focused on helping Texas residents to resolve often $20,000, $50,000 to $100,000 more of credit card debt and personal loans. They offer Texans both traditional credit counseling and debt negotiation. Because Debt Redemption only focuses on helping Texans with personalized service, they have developed an exclusive relationship with a highly awarded defense attorney who is possibly the best in Texas. The separate legal services are entirely optional and not required to use their services to negotiate debt. If you choose to hire the law firm in addition to Debt Redemption, then the attorney can enforce specific Texas consumer protection laws in the Texas Finance Code. By having an attorney deal with creditor harassment, their clients can receive peace of mind that removes a lot of the stress that would otherwise be very stressful. The Texas protections enforced are in addition to federal laws that most other states do not offer.

Furthermore, the optional legal representation is proactive and helps prevent creditors from filing lawsuits while debt is negotiated. All of your enrolled creditors will know you will have retained an experienced debt defense attorney upfront making it much less attractive for creditors to use litigation. If needed, the attorney will provide legal representation to defend a lawsuit if one were to still occur. Knowing who your attorney is upfront and having upfront preventative legal representation provides a much higher level of protection than companies reactionary “pre-paid legal” type services, which will try to find you an attorney only after a lawsuit is filed. Many Texans also choose Debt Redemption Texas Debt Relief for, Debt Consolidation in Texas, using Debt Settlement in Texas because their settlement fees are much lower compared to most other companies.  

If you are considering another debt relief company, call and ask about Debt Redemption’s lowest settlement fee guarantee. Also, the separate law firm will offer their legal services exclusively to Debt Redemption’s clients at an affordable rate.

By choosing both the optional legal protections and Debt Redemption’s debt negotiation services, your total cost may be competitive to companies only offering negotiation services, or “pre-paid legal” plans.  Debt Redemption’s unique arrangement with the law firm also puts them in a unique position to assist new clients who have pre-existing creditor lawsuits and judgments in an affordable manner.

Debt Consolidation in Texas is available by Debt Redemption Texas Debt Relief Texas with special programs for those impacted by COVID-19. Ask about program payment deferments that are available in many cases. If you live in Texas and have questions about debt consolidation in Texas, debt relief in Texas, or debt settlement in Texas, speak with a Debt Consolidation in Texas Specialist at Debt Redemption Texas Debt Relief. For a free and no-obligation consultation, call 800-971-4060 or visit https://debtredemption.com

Debt Redemption Texas Debt Relief Headquarters:

40 NE Loop 410
Suite 340
San Antonio, TX 78216
Phone: 800-971-4060
debtredemption.com

About Debt Redemption

Laredo, Texas Debt Relief

Debt Redemption is a 100% veteran-owned and Texas-based Debt Management Company with multiple offices. We are state-licensed and Accredited with the Better Business Bureau, and our Texas Debt Specialists assist with several debt solutions. These include our affiliate platform to shop dozens of lenders providing debt consolidation loans to Texans, our affiliate credit counseling program, and our Texas-specific program to negotiate balance reductions. As a Christian-owned and proud Texas company serving Texans exclusively, our debt negotiation fees are typically 40% lower than out-of-state companies. Talk to one of our Texas Debt Specialists for a FREE phone or office consultation with no obligation. Some of our Texas Debt Specialists may be working remotely due to COVID-19.

About Debt Redemption

Laredo, Texas Debt Relief

Debt Redemption is a 100% veteran-owned and Texas-based Debt Management Company with multiple offices. We are state-licensed and Accredited with the Better Business Bureau, and our Texas Debt Specialists assist with several debt solutions. These include our affiliate platform to shop dozens of lenders providing debt consolidation loans to Texans, our affiliate credit counseling program, and our Texas-specific program to negotiate balance reductions. As a Christian-owned and proud Texas company serving Texans exclusively, our debt negotiation fees are typically 40% lower than out-of-state companies. Talk to one of our Texas Debt Specialists for a FREE phone or office consultation with no obligation. Some of our Texas Debt Specialists may be working remotely due to COVID-19.

How to Receive Debt Relief or

Debt Consolidation in Laredo, Texas

The fastest way to get help is to call now. You may also select your debt amount with the slider and use the form above for a free and no-obligation consultation with a Texas Debt Specialist.

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Debt Consolidation Loan, Credit Counseling and Debt Relief Consultations are Free of Charge with No Obligation.

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Please Call For Laredo, Texas Branch Locations

Privacy Policy | Debt Consolidation Laredo, Texas | © Debt Redemption Laredo, Texas Debt Relief 2022 | All Rights Reserved

Debt Consolidation Laredo, Texas, Credit Counseling Laredo, Texas, and Debt Relief Laredo, Consultations are free of charge with no obligation. Debt Redemption is not a lender but provides an affiliate platform to receive loan offers from multiple lenders. Clients who make monthly program payments generally experience an approximate 55% reduction of their enrolled balance before fees. Our negotiation fees are 15% compared to the 25% charged by most competitors. Programs are typically estimated between 24 to 48 months, depending on affordability. Programs could be longer or shorter than originally estimated. Individual results may vary based on the ability to save sufficient funds, the ability to complete the program, and the specific creditors enrolled. Statements made are examples of past performance and are not intended to be a guarantee that your debt balances will be lowered by a specific amount or percentage or that you will be debt-free within a specific time period. Settlement fees are not charged until a debt is reduced and payment has been made to creditor. We do not assume consumer debt, make monthly payments to creditors, or provide tax, bankruptcy, accounting, or legal advice. We do not provide credit repair services. Optional separate legal services may be offered by legal insurance providers or affiliated attorneys, and any affiliate fees are separate from those charged by Debt Redemption Inc. A tax professional can advise of any possible tax consequences of paying less than the full balance and filing forms that may prevent tax liability. Programs are available in Laredo, Texas. Logos used are property of their respective owners.

Debt Consolidation In Laredo Texas And Debt Relief In Laredo Texas

Debt Consolidation and Debt Relief in Laredo are solutions to resolve overwhelming stress associated with high-interest Credit Card Debt.

Texans across the Lone Star State are or struggling with overwhelming credit card debt and personal loans charging high interest rates. Many families are dealing with unsecured debt of $30,000 to well over $100,000. Laredo Texas Debt Consolidation and Debt Relief programs are provided by the A+ Rated Debt Redemption Texas Debt Relief.
If you are looking for Debt Relief in Laredo or Debt Consolidation in Laredo, the following information may help you decide which route to resolving your high-interest debt situation. Most solutions available can save you a lot of money and eliminate debt much quicker if you are only making the minimum payments. These programs can also help in situations where it has been months or even years since the debts have been paid.

Debt Help Without Bankruptcy in Laredo Texas using Debt Relief or Debt Consolidation.

As Texans ourselves, we feel most Laredo Texas would rather find an alternative to Bankruptcy when possible. Knowing more about Bankruptcy alternatives can often help avoid an embarrassing Bankruptcy hearing in a Laredo courtroom.
Credit Counseling and Debt Settlement are two options to consider if most of your debt is credit cards or other unsecured loans. A chapter 7 Bankruptcy would discharge all your unsecured debt after any non-exempt assets are liquidated. Your income will also determine if you can qualify for chapter 7. Many people are only able to file a chapter 13, which is a repayment plan. These repayment plans could cost less than Debt Settlement in some cases and could cost more in other cases. If you are considering Bankruptcy, you should speak to a qualified Bankruptcy Attorney in Laredo Texas.

Debt Consolidation Loans in Laredo Texas can sometimes help.

Debt Consolidation Loans in Laredo Texas are available at local banks and credit unions. This type of unsecured loan will usually require a FICO score of at least 720, but even that score might not be high enough to get you the best rate. Banks and credit unions are constantly changing their lending standards, but sometimes a 740 or even a 760 credit score is required for the lowest available rate. Keep in mind that when you apply, your income is an extremely important factor in determining your qualification. If your outgoing debt payments are too high, then your debt-to-income ratio may prevent you from borrowing more money or obtaining a loan Debt Consolidation Loan.

Credit Counseling in Laredo Texas for Debt Consolidation.

Credit Counseling has the ability to help you to consolidate debt and lower your interest rates without a new loan. Since FICO scores are not a factor in this type of program, you should consider it if your credit card interest rates are high and you cannot foresee being able to pay down your debt in a reasonable amount of time.
Credit Counseling in Laredo can lower your interest rates on most credit cards, but it will not lower the rates on some lines of credit and personal loans. Most of the time, those types of loans are already at a reasonable rate. Predatory loans are not eligible for Credit Counseling Programs. Credit card issuers often charge interest rates at almost 30%. If you enroll the creditors into a Credit Counseling Program, the new interest rates are likely to be between 6% to 10%.
Laredo Debt Consolidation Plans that use Credit Counseling cannot enroll any secured debt. Lenders have the ability to take secured collateral if you do not pay as you originally agreed. It is unfortunate that lenders would rather use this route instead of allowing people to lower their interest rates in a Credit Counseling Program. If you want to reduce your interest rate with secured debt, then you must refinance it.

Easy to Qualify for Debt Consolidation in Laredo with Credit Counseling.

Credit cards are the most enrolled debts for Debt Consolidation in Laredo Texas with Credit Counseling. There are some unsecured installment loans, and unsecured personal loans will qualify for Credit Counseling, but it depends on the lender and current interest rate. A Credit Counselor or Debt Specialist will review your debts before enrollment to determine which ones will benefit and which ones should be or cannot be enrolled. Laredo Credit Counseling Programs will give you one easy-to-manage payment for all of the enrolled debts.
Federal student loans cannot be enrolled into a Debt Management or Debt Relief Plan. Be careful because companies might claim to help, but they are likely to charge fees for nothing or fill out paperwork that you can do on your own. Use the website studentaid.gov to learn about programs offered by the federal government to provide some relief. You may be able to enroll a private student loan into a Debt Settlement program. By managing your high-interest debt with a Credit Counseling or Debt Relief Plan, it may be much easier to pay down your student loans.

Debt Settlement in Laredo may be a Great Chapter 13 Bankruptcy Alternative.

Laredo Debt Relief that used the method referred to as Debt Settlement, is not like a Credit Counseling Program. Debt Settlement is usually much less expensive and could be the program that helps avoid the need to file Bankruptcy in Laredo Texas. There are some circumstances where a Debt Settlement Program is less costly when comparing to a chapter 13 Bankruptcy, but you would need to determine if this by speaking to a Bankruptcy attorney if Bankruptcy is a route you are considering. The monthly amount and length of repayment in a chapter 13 is determined by the Bankruptcy Court. While enrolled in a Debt Settlement program, your debts are negotiated and settled one at a time.

Debt Relief in Laredo with Debt Settlement.

A Debt Settlement program is usually estimated between 24 months to 48 months in length, depending on how much you can afford on a monthly basis. Any program is an estimate based upon historical results with the creditors you owe. Laredo Texas Debt Relief Plans with Debt Settlement will negotiate reductions in your debt balances. Credit Counseling programs lower the interest rate but do not negotiate the balances. Monthly payments are not made to your creditors in Debt Settlement. After you enroll, you will pay monthly into an FDIC insured special purpose savings account. This money continues to accrue month after month and is then transferred to your creditors only after they are negotiated and settled. The negotiated balance reduction is what allows a Debt Settlement Program to cost much less than Credit Counseling. The monthly program payment can usually be structured to be around half or even less than half compared to making high-interest minimum payments.

See if Debt Settlement in Laredo is the most Affordable Debt Consolidation Method.

Consolidating Debt in Laredo with a reputable Debt Settlement program is possibly your best option if you are struggling to make your payments or when falling behind making the payments. Accounts in collections will usually qualify for Debt Settlement. Consider obtaining Debt Relief in Laredo Texas as soon if you feel that in the near future, you will not be able to afford to make your minimum payments. You might be relieved once you find how much you could save and how quickly you could be Debt Relief in Laredo.

Debt Redemption for Debt Relief or Debt Consolidation in Laredo.

As fellow residents of the Lone Star State, we want you to highly consider a Texas company for Debt Consolidation or Debt Relief. Other companies not located in Texas may not have the extensive knowledge of the protection laws that can help Texas residents. Most other companies based in Texas do not focus their attention on assisting Texas residents. Instead, they usually offer a “cookie-cutter” program in all states they service.
Our Texas Consumer Finance Code is different than the federal laws contained in the Fair Debt Collection Practices Act that most companies are familiar with. You may benefit significantly by utilizing a Texas-based company focused on serving Texans. Debt Redemption has a unique ability to help Texans facing a creditor lawsuit. This is made possible by utilizing an exclusive relationship with a highly awarded Texas Debt Defense Attorney.
Debt Redemption clients in Laredo Texas can also opt for additional legal benefits provided by the highly awarded Debt Defense Attorney in Texas while enrolled in a Debt Settlement Program.

Debt Redemption for Affordable Debt Relief in Laredo Texas.

Debt Redemption Texas Debt Relief is a 100% veteran-owned company based in Texas with offices in multiple Texas cities.
Debt Redemption is not a bank or lender but is happy to offer Debt Consolidation Loan referrals and can recommend lenders when appropriate. The agency does offer Credit Counseling in Laredo Texas, Debt Management in Laredo Texas, and Debt Relief in Laredo Texas. Debt Negotiation and Debt Settlement are available to Laredo residents by requesting a Free and consultation with no obligation. Find out how much you could save and how quickly you could make your debt part of your past.

Call 956-391-1300 for a Laredo Texas Debt Consolidation or Debt Relief Consultation.