Debt Consolidation: Lexington Residents Have Options Available

For many residents of Lexington, Kentucky, life is good and they are thriving. The city boasts one of the most stable economies in the nation featuring strong manufacturing, technology, and entrepreneurial sectors. In fact, in 2011 Forbes magazine ranked Lexington as the fourth-best city in the country for businesses and careers.

Moreover, the unemployment rate in 2015 was lower than many similar-sized cities at 3.7 percent. However, while these statistics are good, they don’t tell the whole story. Some Lexington residents—even those with good jobs—may find themselves struggling with debt from credit cards and other sources. If you fall into this category, don’t worry because there is something you can do about it. You’ll be relieved to know that there are various methods for clearing debt.

Whether it’s debt settlement, debt counseling or debt consolidation, Lexington residents can find help today. Call now at 800-910-0065 for your free debt evaluation to find the solution that best fits your circumstances.

What are your debt relief options?

Depending on your financial situation, certain debt solutions work better than others. Here’s an overview of what may be available to you in Lexington.

Debt Consolidation

Lexington residents struggling with debt over $10,000 could qualify for debt consolidation. You can get a debt consolidation loan from a debt consolidation company or bank to pay back your current creditors. Then, you just have a single monthly payment with a lower interest rate. However, keep in mind that most consolidation loans require collateral — a high-value asset such as a home or a car — that you must use to receive the loan. While this might help you save on interest, you could lose your leveraged asset if you do fall behind on payments and can’t catch up. Your house could be foreclosed on or your car seized, depending on the collateral you put up.

Credit Counseling

If you have a small debt amount, credit counseling could be a good option for you. Credit counselors could help you create a budget that meets your financial needs so you have more money to put towards your debt. Lexington residents should research credit counseling services in their area for a list of services offered.

Debt Resolution

Those with high unsecured debt may find that debt resolution is the better solution. With debt resolution, a company works to resolve your debt for a lower amount than you owe. To do this, the company negotiates with creditors on your behalf while you save into a program account you control. You use funds you saved to resolve your debt once the debt resolution company reaches an agreement on the owed amount with one of your creditors. The process repeats until your enrolled debt has been resolved.

For more information on how each debt option fits your needs, call today at 800-910-0065 for a free debt evaluation — find the right solution for you.

Request a free debt evaluation to find out how we could help you:

• Resolve your debt faster
• Significantly reduce what you owe
• Make one low monthly program payment

Solve Your Debt Problem

Debt Consolidation in Lexington

In addition to the booming business sector, Lexington – also known as the “Horse Capital of the World” – has been a major center for thoroughbred breeding since the late 18th century. (It turns out that the high calcium content in the soil of the inner Bluegrass region helps the horses raised on its grass to develop stronger bones and greater endurance.)

It’s no wonder Lexington residents are glad they live where they do—the area has a lot going for it. But sometimes having massive debt is a worry that can make it hard to enjoy life. If this describes you, why not call and speak with a debt specialist to discover your options?

Consolidating your debt could be the answer. Debt consolidation may simplify the debt repayment process. If you can secure a loan at a reasonable interest rate, you could make debt resolution less stressful. However, it can be hard to get a low interest rate with an unsecured loan. Take action on your debt and get your finances in as good shape as those Kentucky thoroughbreds! Get started right now; call today 800-910-0065 .