Since 2004, West Virginia debt relief, settlement, and consolidation programs have assisted millions of consumers in becoming debt free. Let’s take a closer look at how each program works and help you figure out the best solution for your problem.
Can you afford to pay minimum payments comfortably?
West Virginia debt consolidation and consumer credit counseling programs can reduce interest rates and consolidate payments into one. You must be able to afford to pay at least minimum monthly payments to qualify for either of these plans. The benefit to both debt consolidation and consumer credit counseling is that your interest rates will be cut down, allowing you to get out of debt faster.
Should I consolidate my debt with consumer credit counseling or debt consolidation?
First off, let’s talk about how these two debt relief options are different.
Debt consolidation is a loan. You need to have a high credit score (no less than 715) to qualify for a low-interest debt consolidation loan in West Virginia. If your credit score is above 715 and you want a loan, banks and credit unions can offer you the lowest rate. Start there.
Banks can offer you multiple loan options for debt consolidation.
- Balance transfer cards
- Home equity line of credit
- Signature loan
Consumer credit counseling is a debt relief program, not a loan. Bad credit is OK. You pay the debt relief company one payment each month and they disburse the funds to your creditors but at a lower interest rate. You can become debt free in under five years with consumer credit counseling.
Can’t Afford Credit Card Payments?
You are a perfect candidate for a debt hardship program. These plans make high debt affordable to pay off. Your monthly payment can be much lower, compared to when paying minimum payments.
West Virginia residents have multiple hardship plans to choose from, including debt validation and debt settlement services. When successful, both of these plans lower the amount owed, and that includes 0% interest. The downside is that with a hardship program, creditors don’t get paid on a monthly basis. Credit scores can be temporarily lowered if you don’t pay your creditors on time every month.
All debt relief programs in West Virginia offer one affordable monthly payment to take care of all debts. You have the power to choose from multiple payment options. If you can afford a two-year program, you can choose the two-year-plan. If that payment is too high, you can enroll on a three-year plan. That means, within three years all of the debts that you include in the program will get resolved.
Now, if for any reason at all you decide that three years is too long, you also have the option to pay more and get out of debt faster. And there’s no pre-payment penalty!
Owe Above $5,000 in Unsecured Debt (including Credit Cards)?
You could qualify for a West Virginia debt relief program if you owe more than $5,000 in debt. You’re eligible for consumer credit counseling and debt settlement. West Virginia residents can take advantage of a free consultation with an IAPDA certified debt counselor at (866) 376-9846. Call Now!
- Golden Financial Services was just awarded Top Debt Relief Company in the Nation, by Trusted Company Reviews
- A+ rated by the Better Business Bureau
- In business for over 15 years, assisting millions of consumers in becoming debt free!
- Accredited debt relief company by Trusted Company Reviews
If you’re still reading you must be thirsty for more financial education and serious about getting out of debt – and that’s a BIG step in the right direction! By the time you finish reading this page, you’ll have a clear understanding of how each West Virginia debt relief program works.
Debt Settlement West Virginia
In West Virginia, debt settlement programs have been rescuing consumers for close to two decades now. Debt settlement is the oldest program that still effectively resolves a person’s unsecured debts. However, new and more effective West Virginia debt relief programs are now available, as of 2018.
West Virginia debt settlement plans are for those folks who are drowning in debt.
At Golden Financial Services, our negotiators have experience dealing with debt collection companies and debt collection law firms. First, we will recommend debt validation to dispute your third-party debt collection accounts. You are not saying the debt isn’t yours, all you are doing by disputing the debt is forcing your alleged creditors to prove the debt is valid. Often, debt collection companies can’t prove a debt is valid and consumers get to walk away from a debt without paying. Additionally, once a debt is proven to be legally uncollectible the debt collection company can no longer legally report the debt to your credit reporting agencies. If your creditors prove a debt to be valid, and they provide accurate and verifiable accounting records to validate the balance as accurate that they claim you owe, now we turn to debt relief option #2, called debt settlement. West Virginia debt settlement programs can cut your balances by up to 60%, before company fees. All together consumers end up paying only around 70% of what they owe and are able to become completely debt free.
Talk to an IAPDA certified debt counselor to find out if you qualify for a West Virginia debt relief program at (866) 376-9846.
Using a debt settlement program takes your emotions out of the picture — and eliminates the risk of you slipping and saying the wrong thing that could cost you money.
Here are a few examples of trick questions debt collectors may use to get you to say the wrong thing;
Do you have a bank account? They ask if you have a bank account so that they can go after it.
Do you have a job? They ask if you have a job so that they can get an idea about whether you have income or not, and may then even threaten to alert your boss of your debt (which is illegal), and at times creditors will try to garnish your wages. Some of what they do is legal, while often other actions are illegal.
Do you own your house? They ask if you own your home so that they can scare you into paying, by threatening to take your home, or in some way insinuating that your home is at risk if you don’t pay. Sometimes debt collectors can be tricky, playing the fine line between — legal — and illegal behavior.
Debt Settlement West Virginia
West Virginia debt settlement programs allow you to settle a debt for less than the full balance owed. You don’t have to deal with debt collector tricks or games; we can handle all of the communication for you!
By just ignoring a debt it can lead to your credit taking a harder hit and possibly even you getting sued. Eventually, your income will improve, so you want to be proactive now, and resolve your debt issues immediately. This will give you one less problem to worry about once your income picks up so that you can truly move forward in a positive direction in life.
Most consumers in West Virginia who need a debt settlement service have already taken a hit on their credit and their primary goal is to become debt free. Sound like you?
Call (866) 376-9846 if you would like to apply for debt settlement, debt validation or debt consolidation. West Virginia consumers are entitled to a FREE CONSULTATION.
Are creditors ruining your credit by reporting inaccurate marks?
If you believe debt collectors are reporting information inaccurately on your credit report, or if they are using manipulative, misleading and abusive behavior, we can help you to deal with them in a professional manner.
We can help you to take advantage of your consumer rights, and use your consumer rights to fight the debt collection companies. Essentially, we will do all of the work for you. All you need to do is give us a call and hopefully, we can get you approved!
Is Golden Financial Services a West Virginia Debt Settlement Law Firm?
Golden Financial Services is not a law firm, but we specialize in debt relief. West Virginia consumers can ask any questions they may have during the consultation, and again, it’s free. We study federal laws and consumer rights about debt collection.
Debt lawyers will often charge an hourly rate for their legal advice, but at Golden Financial Services you can count on getting a FREE consultation and learn about all of your debt relief options without having to pay a dime.
Debt Consolidation – West Virginia
Debt consolidation, unlike debt settlement, allows you to stay current on your payments.
Debt consolidation is getting a loan to pay off all of your other high-interest credit card accounts and debts. On the consolidated loan, the interest rate should be lower than what the rate is on the other debts that you plan to pay off with the loan and this makes debt consolidation an excellent option.
The problem; is that most consumers who are experiencing a financial hardship, cannot qualify for a low-interest debt consolidation loan. Either their debt is too high or credit score low.
You do need to have a high credit score and appear creditworthy to obtain a debt consolidation loan that has a low-interest rate.
And beware of the loan sharks and rip off loan companies in West Virginia. Some of these financial companies will charge you in excess of 30% interest, plus fees.
What can be included with Debt Consolidation? West Virginia consumers can add any debt when using debt consolidation. Student loan debt, credit card debt and all types of debt can be paid off with a debt consolidation loan.
APPLY ONLINE FOR A FREE DEBT RELIEF QUOTE, CONSOLIDATION AND SETTLEMENT QUOTE. WEST VIRGINIA CONSUMERS ARE ALSO ELIGIBLE FOR A FREE DEBT RELIEF CONSULTATION AT (866) 376-9846.