Other Types of Debt That Can Benefit by Debt Settlement

• Medical Debts
• Personal Loans
• Auto Repossession
• Old Business Debts

The following types of unsecured debts can be ideal candidates for debt settlement.

• Medical Debt Settlement - Medical debt settlement may be a viable solution for people with excessive medical debt. Medical expenses are a factor in almost half of all bankruptcies, encompassing both those who are insured and those who are uninsured. According to a study by the Commonwealth Fund, nearly 29 million Americans, or 14% of the U.S. population, are in serious medical debt. And all too often, people who rack up medical debts try to pay them with credit cards, compounding the problems. A 2007 study by the Access Project found that nearly one-third (29%) of the respondents reported that medical expenses contributed to their current level of credit card debt. If you find yourself in medical debt that you can’t afford to pay, medical debt settlement maybe right for you.
• Personal Loan Debt Settlement – While securing credit and loans may be a little tighter this year, for a number of years, personal loans have been very easy to secure. Whether you needed a few extra dollars to finance a trip, your son's summer camp, or to consolidate debt, personal loans were pretty easy to come by. Where once such loans were approved or disapproved at the discretion of local bankers, online competition means that geography is no longer a barrier. But the easy availability came with a price: because these loans are not secured with any collateral, interest rates have historically been very steep, second only to credit cards. If you have an excessive amount of personal loans, call Burden Free to see if personal loan debt settlement is right for you.
• Auto Repossession Debt Settlement – Although an auto loan is a secured note, once the vehicle has been repossessed, a consumer can look into settling the loan. If you have money available, you should check to see if you can get your vehicle back. Check for a notice that your car has been repossessed. The notice should include details about what you have to do to get it back. If you cannot get it back, auto repossession debt settlement may be your solution. If you don’t pay to get the car back, it will be sold at an auction. The price the car is sold for at the auction will pay for the expenses incurred while repossessing the car (towing fees, impounding fees, etc) and the remaining balance will be applied to your outstanding loan. Whatever is left afterwards is what you owe.
• Old Business Debts – If you carry old business debt from a company that is no longer operational, we can help you to resolve it at less than what you owe. Unfortunately, we cannot work with active business concerns.

* Individual results for each program may vary based on ability to save funds and creditors willingness to negotiate. Program does not assume any Debt or provide credit score assistance. Program not available in all states, so please review all terms and conditions of program prior to enrollment.