You may be under extreme stress if you cannot pay off your debt on time. But there are options available that could provide you with relief.
Start by making a list of debts owed and the minimum payment required. Avoid chucking your bills into a pile. Instead, open them. Make a list of the debts owed and the minimum payment required.
Many people struggle with obtaining relief from debt. When debt spirals out of control, digging out is a significant challenge. Companies like TurboDebt can connect you with a debt settlement program and help you resolve your debts.
David Wright sought the help of TurboDebt when he could no longer afford his medication. He borrowed money when he stopped working due to a rare neurological condition.
Here’s a transcript of how a TurboDebt representative provided advice on his situation:
David Wright says: Advice on debts if you can’t pay them. One year ago, I stopped working due to a rare neurological condition. My income has dropped by $70,000, and I have $78,000 of unsecured debt and have financial hardship arrangements in place, but they are due to end. Unfortunately, I cannot make the debt repayments.
TurboDebt representative explains: I’m sorry about your health and financial struggles. You’ve been through a lot, and if you can’t afford to return to making the normal payments on your unsecured debts, then you may have other options.
The type of options that may be available to you will depend on who your lender is and your personal situation.
You can apply for a partial waiver, debt reduction, or affordable repayments to reasonably repay the reduced debt.
Another option is consolidating debt like personal loans, credit cards, and home loans so that your total repayments are more manageable, possibly getting a better interest rate and only making one payment instead of multiple payments.
The best I can tell you right now is to make an appointment to see a free financial counsellor as soon as you can before your hardship arrangements end.
Luckily, David Wright made the decision to seek the advice of a TurboDebt representative.
Remember, a company representative can give you more personalized advice and enrol you in a debt relief program to help you with your debts and work to negotiate a suitable option for you with your creditors.
Aside from David, TurboDebt helped hundreds of customers to find the best solution for their financial challenges.
Here’s What Customers Say About TurboDebt
Hardships happen, which is the case for me. Luckily with TurboDept, they were there to provide a helpful consult and enrolled me in a debt relief program. They were nothing but professional and understanding. This is definitely the best decision I’ve made. Thank you, TurboDebt.
I must say Sharon knows what she is doing. It was a pleasure to talk to her. She explained everything to me in a very understanding way. She was also very pleasant to talk to, and I appreciate her advice on my unpaid debt. Thank you for having her help me.
I am very pleased with the help that we got from TurboDebt.
Sam was very helpful and professional. I felt comfortable discussing my financial situation with him. He was very understanding and knowledgeable. Sam is a great asset to your company, and I am glad I got the opportunity to work with him! Thank you!
*This website receives compensation from companies mentioned in our advertorials. The stories told are dramatized for added interest. Perform your own research and due diligence before signing up for any programs.