The debt advisor will assess your current situation and identify a suitable financial solution that includes lower interest rates and longer terms. It can also delay civil courts, including bankruptcy, foreclosure, or divorce proceedings. We’ve put together some of the best benefits of debt checking that show how this process can improve your financial situation. After the debt review has begun, your debt advisor assumes responsibility for communication with your debt holders.
Who is entitled to a debt check?
Let’s dive a little deeper into National Debt Relief’s promising demands to find out if this is the smartest solution for reducing your debt. While filing for bankruptcy can provide immediate debt relief, it significantly affects your credit rating and may have a negative impact on employment and your ability to rent. It is also possible to avoid legal proceedings by being proactive and requesting a debt review as soon as you feel you are over-indebted. Additionally, without a stable household income, you cannot apply for a debt check to make a plan.
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Barry Ritholtz is a renowned finance expert, author and blogger. With over 30 years of experience in the financial industry he has gained a reputation as a thought leader and influencer in the investment community.