Key takeaways
- Debt Busters specializes in helping clients reduce and settle their credit card debt through customized debt relief plans.
- By negotiating with creditors, Debt Busters aims to lower the total amount owed and create manageable payment plans for their clients.
- Debt Busters provides a supportive and guided approach, ensuring clients are informed and empowered throughout the debt settlement process.
Credit card debt is a burden many Americans carry. In fact, GOBankingRates found that 30% of Americans have between $1,001 and $5,000 in credit card debt and that 6% have more than $10,000. 6% may sound small, but that adds up to 14 million Americans with over $10,000 in credit card debt!
The credit card debt issue in the United States has only gotten worse. Since the pandemic hit in March 2020, nearly half of all Americans have taken on more credit card debt.
If you’re struggling to keep up with monthly payments and finding yourself falling further into debt, it can feel impossible to get out. But there are options including tailor-made programs by companies like Debt Busters, designed not just to get you out of debt, but to help you stay debt-free.
Let’s see how Debt Busters works and if their program is the debt relief you’ve been searching for.
What is Credit Card Debt Relief?
Credit card debt relief is anything that helps you manage your debt and gives you a path to being debt-free. This includes using a debt consolidation loan to get a lower interest rate and simplify payments. A credit card balance transfer is a similar option. Here you transfer your debt from a high-interest credit card to one with a lower interest rate (preferably a 0% APR). Or it can be negotiating with your credit card issuer to reduce the amount owed and give you more time to pay it off. And of course, there are debt management plans where you work with credit counselors to reduce the total amount owed, establish manageable monthly payments, and create a clear path towards a debt-free life. Debt management plans are where Debt Busters excels.
Get out of Debt
Struggling with over $10,000 in credit card debt?
Lower your monthly payments.
Repair your credit score.
Fix it in 12 to 48 months.
How Can Debt Busters Help You Become Debt-Free?
Debt Busters is an IAPDA-certified debt relief company from California on a mission to help individuals break free from credit card debt. Their financial analysts work hard to reduce your debt to a fraction of what you owe, consolidate all your payments into one reasonable monthly bill, and help you become debt-free in 12 to 48 months. The minimum debt requirement to use their services is $10к in credit card debt.
Here’s how they do it:
- Expert Negotiators: Debt Busters employs skilled financial analysts who negotiate on your behalf to reach settlements with your creditors. They specialize in credit card debt forgiveness, which is when the issuer reduces the amount owed. This can shave years off your debt.
- Customized Solutions: Your financial situation is unique, and Debt Busters understands that. Their client-centered approach means that they will create a personalized debt relief program for your specific needs and circumstances.
- Peace of Mind: Trying to negotiate with creditors on your own can be daunting and stressful. Debt Busters’ professional negotiators take this burden off your shoulders, allowing you to focus on rebuilding your financial future. Their goal is to eliminate your financial stress and help you avoid bankruptcy.
Settle Your Debt in 5 Easy Steps
The debt relief process with Debt Busters boils down to 5 simple steps:
- Consultation. Fill out a form and tell them about your situation. It’s free, confidential, and you are under no obligation to enter the program. The financial analyst will assess your situation and see if debt settlement is right for you.
- Enrollment. Enroll in the program and your personal financial analyst will tailor-make a debt settlement plan for you.
- Negotiation. Their expert negotiators will contact your credit card issuers to reduce the total amount owed and your monthly payments.
- Settlement. Once a settlement is reached, you make a single monthly payment towards the reduced debt amount.
- Financial Freedom. You are on your way to becoming debt-free and building a strong financial future.
Debt Busters offers clients a 100% satisfaction guarantee. This means you can cancel at any time with no further obligations if the program is not working for you.
Couldn’t Be Happier
“I couldn’t believe how much debt I had racked up in school – and not just student loans! My credit card balances were over $23,000! I simply was having a hard time keeping up with rent, child care, student loans, and then another $900 a month in credit card bills. Debt Relief was exactly what I needed and I couldn’t be happier with how easy, confidential and smooth the process went. Thanks DB!” Maria H., Single Working NurseWho Should Call Debt Busters?
Debt Busters is an ideal solution for people looking for a structured and effective debt relief plan. To be eligible to work with Debt Busters you must have more than $10,000 and no more than $200,000 in unsecured credit card debt. You should be able to make payments just not the amount being asked. It is also important that you are not currently in bankruptcy or litigation over these debts.
Debt Busters can help reduce and create payment plans for most types of unsecured debt, not just for credit cards. They work with:
- Credit Cards
- Personal Loans
- Lines of Credit
- Medical Bills
- Collections
- Repossessions
- Business Debts
- Certain Student Debts
Whether you have a mountain of debt or just a molehill, Debt Busters can help you regain control of your finances.
Highly Recommend
“To think I’d ever have the weight lifted off my shoulders from my debt .. Chris did an excellent job taking his time explaining how everything works not only once but twice. To know I’ll be debt free in less than 2 years brings a smile not only on my face but my family’s. I’ll be recommending debt buster to those I know who are in need of help with debt.” Elizabeth Badillo, Google ReviewTop 5 Benefits of Credit Card Debt Relief
Credit card debt relief programs are designed to help you manage your unsecured credit card debt and find a way out. Here’s how they can help you.
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1. Reduce the Amount Owed
The biggest advantage of debt relief programs is that the company will work to reduce the total amount you owe. Debt relief companies employ financial professionals whose job it is to negotiate with creditors for debt settlement. They have been able to lower the principal balance, reduce the interest rates, settle on a lower monthly payment, and even eliminate late fees. These reductions can help you pay off your debt faster and cost you less money.
2. Get Out of Debt Faster
Credit card debt relief programs are designed to help you become debt-free sooner rather than later. They typically consolidate your debts into one manageable payment so that you can pay off your debts more efficiently. TurboDebt promises to get you out of debt in 24 to 48 months and Debt Busters says 12 months is possible. Shaving months or even years off your debt will save you money and get you out of financial stress faster.
3. Boost Credit
While it may seem counterintuitive, enrolling in a credit card debt relief program can actually improve your credit score. When you consistently make on-time payments as part of the program, your payment history improves, sending your score up. Additionally, as your debt decreases, your credit utilization ratio (the amount of credit you’re using compared to your available credit) decreases, positively impacting your credit score.
4. Lower Monthly Payments
Are high monthly credit card payments causing financial stress? Credit card debt relief programs can significantly lower your monthly payments. They do this by reducing the total debt amount and negotiating more favorable terms with your creditors. Lower monthly payments can give you financial breathing room to cover your essential expenses and make it easier to stay on track with debt payments.
5. Avoid Bankruptcy
Bankruptcy should be a last resort for anyone facing overwhelming debt. Credit card debt relief programs provide an alternative to bankruptcy, allowing you to regain control of your finances without the long-term negative consequences that bankruptcy brings. Bankruptcy can stay on your credit report for up to ten years, making it challenging to secure loans or credit in the future. Credit card debt relief allows you to settle your debts without resorting to this extreme measure.
Are you interested in debt relief?
Read more about debt relief plans and find the right solution for you!
What to Know Before You Start with Debt Relief
Debt relief can appear to be a very attractive option if you’re having difficulty paying off high-interest debt. Before you decide to pursue it, there are several crucial factors to consider:
Fees
Most debt relief programs come with fees, and it’s vital to understand the cost implications. For a debt settlement plan, the fee is typically 15% to 25% of your total debt. If you go with a credit counseling agency, many of the services are free but if you set up a debt management plan they will usually charge a set-up and then a monthly fee.
Interest
If you’re considering a debt consolidation loan it is vital to compare interest rates to make sure that you will pay less. Avoid loans that lower your monthly payments but increase the length of time you’re paying them. You’ll likely end up paying more interest overall. If you get a loan with a promotional 0% APR, it’s very important that you pay off your entire balance before the promotional period ends or else you may end up paying higher interest than your original debt.
Scams
Unfortunately, the debt relief industry has its share of scams. Be cautious and research any company or program thoroughly before enrolling. Check for complaints with the Better Business Bureau and read reviews from previous clients. If a company promises to settle debts for a fraction of what you owe, demands up front payments, or refuses to send free information about its services, then steer clear.
Program Length
Debt relief programs have varying lengths but they generally take years to complete. Most promise to get you out of debt in a minimum of two years. Be prepared for the commitment required.
How Does Debt Relief Affect Your Credit?
Debt relief can have both positive and negative effects on your credit score depending on which option you choose. If you go with a debt settlement plan, you are probably already several months behind on payments and most of the damage to your credit score has already been done. A debt management plan will have minimal negative impact on your credit and can even help raise your score if the credit counseling agency reports your on time payments to the credit bureaus and you successfully reduce your debt. No matter which debt relief option you choose, it’s important to monitor your credit report and score regularly to detect any changes or find any errors that could impact your score.
Bottom Line
The burden of credit card debt can be emotionally and financially draining. However, with the right assistance, you can break free from this cycle and start anew. Debt Busters is here to guide you every step of the way. Their team of financial experts can put together a personalized plan so that debt will no longer control your life.
Your financial well-being is worth the investment. Take the first steps toward credit card debt relief today and call Debt Busters for a free consultation. It’s time to say goodbye to credit card debt and hello to financial freedom!
