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St. Louis Services – Effective Debt Relief is Available

How Effective is Debt Relief?

Millions of Americans are struggling to make minimum payments on their debt and looking for a way out of debt and back to financial stability. Below I have provided a variety of different programs available to help address some these concerns. First, make sure to properly evaluate each program when deciding which is best for you, not all programs may be a good fit. Listed below are some possible debt resolution options. It is very important to have a good understanding of all your alternatives to living in fear of debt, PCS Debt Relief in St. Louis, Missouri can help.

Credit Counseling

When signing up for a debt management plan in St. Louis, consumer credit counseling can help you consolidate your debt. The St. Louis credit counseling specialists can help to lower your interest rates and monthly payments. Your role in credit counseling would be to pay one payment to the counseling agency, which then is distributed to your creditors. Remember, during the credit counseling plan you are still paying the debt in full, you are just working towards lower monthly payments from lowered interest rates.

Debt Settlement

Debt settlement is often referred to as debt negotiation. In essence, you are resolving your total debt amount for a discount; in some cases can be up to 50% less then what you initially owed. These programs typically run 3-4 years. During this time you are not paying your creditor, which means your credit score is being significantly damaged. Debt settlement is best if you have a large amount of debt and trouble making minimum payments.

Debt Consolidation Loan

Debt consolidation loan essentially means you are taking a second home loan or refinancing your primary mortgage. By opting for a debt consolidation loan, you are exchanging one loan for another. The good thing about consolidating credit card or unsecured debt into a mortgage is that more often than not mortgage interest is less costly and tax deductible, lowering the overall debt cost. This option is good for homeowners with good credit.


Although bankruptcy is typically the last resort when in debt, it can in fact solve your financial burden. There are two types of bankruptcy. Chapter 7 is more traditional, basically it liquidates your assets and liabilities, and you pay nothing on your debt. Although this sounds great, it can put you at risk of having your house, car, or any other belongings taken from you by the bank. Chapter 13 bankruptcy, on the contrary, gives you five years to pay off your debt with 0% interest. Before filing for bankruptcy make sure to meet with an experienced attorney in your area.


What happens if I do nothing with my debt? If you stop paying your unsecured debts, creditors then have the right to collect. First, you will be warned by constant annoying creditor calls and mail, if you still do not make payments then a third-party collection agency may be tossed into the mix. Third-party collection agencies are known to be very aggressive and at times threatening. There is a Fair Debt Collections Practices Act which contains rules to govern behavior of these debt collectors. Unfortunately, even this act cannot stop meticulous creditors from making you very uncomfortable and worried. When all collection efforts fail, creditors do have the option of filing a law suit against the debtor (you). Although these cases are slim, if you find yourself in this sticky situation, seek advice from an attorney in your area. Stop the annoying creditor calls by contacting PCS Debt Relief today!

As you can see, there are many options for debt relief. Our services match the appropriate program for your needs and help you overcome the burden of debt. Contact the debt relief specialists at PCS Debt Relief in St Louis for more information about our products and services. Let us get started on helping you get out of debt today.


PCS Debt Relief

About the Author:

At PCS, our programs are tailored to the client’s specific financial needs. What sets us apart from our competitors is that clients see relief, before any payment is received. Our NO UP-FRONT FEE policy ensures our client’s a 100% satisfaction guarantee. We also do not charge any monthly fees or any cancellation fees. We want the client to feel comfortable during the whole process that’s why we allow them to be part of it every step of the way.

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