Bankruptcy stays on your credit history for up to 10 years. A Bankruptcy on your credit report could have a damaging impact on future employment, rental or credit applications. In the long run, bankruptcy could cost you more in lost opportunities and should generally be your last resort. Better use of your hard earned money If approximately 85% of your monthly minimum payment is applied to the interest on the total debt (which makes it almost impossible to get ahead), doesn't it make sense that continuing to make only the minimum payments on your accounts only keeps you running on that never ending treadmill of debt? Making minimum payments on $20,000.00 of credit card debt with an 18% APR will take you over 37 years to pay off - and you will end up paying a total of $49,615.40. You are not managing your debt if you are borrowing from one creditor to pay another.

The majority of your paycheck pays for your credit card debt, thereby increasing the stress and anxiety of making ends meet. Debt Reduction Group alleviates the stress of trying to manage the debt on your own Do you know where to begin or who to contact? In communicating with your creditors you may inadvertently supply them with information that could enable them to deduct payments from your bank accounts. Most people simply do not have the experience in dealing with creditors that our firm does. Credit Counseling Services don't work for you You pay 100% of what you owe over a longer period of time, increasing the interest and overall debt.

Your credit profile may be damaged as a result of this process because the payments are extended over a longer period of time. Remember, most credit counseling services are paid by your creditors. Therefore, they may not be looking out for your best interests. Debt Reduction Group's Debt Settlement Program We verify the validity of all of your debts and communicate with your creditors directly. We try to structure a program that will have you debt free within 36 months, possibly even sooner. We work with the creditors and collection agencies to resolve your debts. We have experience with many of your creditors and collection agencies. This experience has allowed us to obtain excellent results for our clients.