Debt Consolidation Options Available to Albuquerque Residents

August 3, 2022

As a denizen of Albuquerque you may be aware that your city was listed in Moviemaker magazine’s 2017 list of Top Ten Cities to be a Movie Maker. However, you may not know why. With its amazing light, versatile landscape, and dry climate—278 days of sunshine per year—it has long been a favorite of television and film makers. This high desert city also boasts the other parts needed to produce movies: big studios, professional film crews and a great many professional actors. Albuquerque has been featured in movies such as Little Miss Sunshine, Sunshine Cleaning, and Brothers in addition to the hit tv-series Breaking Bad.

Whether you’re involved in the movie-making business or work in one of the other industries in the region like Sandia National Laboratories, Kirtland Air Force Base, or Intel, it’s great to have choices and lots of opportunities for economic growth for you and your family. However, not everyone is in a positive financial space. Some residents of Albuquerque may find themselves with a mountain of debt. No matter what you earn, and how careful you are with your finances, it can happen.

But as easy as it is to get into debt, it can be just as easy to get out of—with a bit of effort and some help from the right people. Your personal debt relief solution could be just a phone call away. Whether it’s debt settlement, debt counseling or debt consolidation, Albuquerque residents can find help today. Call us today at 800-910-0065 for your free debt evaluation to find the solution that best fits your circumstances.

Which Debt Relief Solution Is Right For You?

There are a variety of debt solutions available to Albuquerque residents that have heavy debt burdens. While there’s no single perfect solution, there are options that fit your debt situation better. Here is a brief overview of the most common debt management strategies.

Debt Consolidation

For Albuquerque residents who have a lot of debt, consider getting a consolidation loan to cover your debts. Instead of paying several bills to several creditors every month, you can make a single payment to a debt consolidation company or bank. Debt consolidation may simplify the payment process, and it could make debt resolution less stressful. However, interest rates might be high, especially for unsecured loans. Find out more information about how to consolidate your debt.

Debt Counseling

If you want some tips on how to prioritize repaying your debts in your budget, then debt counseling could be the right solution. If you are not yet behind on your minimum payments, you can get advice about how to balance your budget and make a bigger dent in your debt. Albuquerque residents should research debt counseling services in the area for a comprehensive list of services credit counseling agencies provide.

Debt Resolution

If you have over $10,000 in debt, debt resolution could be your answer. In debt resolution, also known as debt settlement and debt relief, the company negotiates with your creditors while you save into a program account under your control. When the debt resolution company reaches an agreement with one of your creditors, you can settle it with the funds you saved. The process repeats with all your enrolled creditors until your debt has been resolved.

Albuquerque residents can also look other options for debt relief like minimum payment plans and bankruptcy, though both options have big drawbacks. For example, only making minimum payments will most likely lead to you paying more over time thanks to compounding interest. It also only works if you stop using that credit line so your balance doesn’t keep growing. To go over your debt options, call today for a free debt evaluation at 800-910-0065 .


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

Debt Consolidation in Albuquerque

In addition to winning a spot on the movie making list, Albuquerque has been recognized over the past decade on multiple “Best City” lists including Best Cities to Live, Best Cities for Jobs, and National Geographic’s Top 50 Best Places to Live and Play. So, if Albuquerque is the place you call home, seems like you’re in a good spot.

But perhaps the same cannot be said of your financial situation? If your finances are not in such in a good spot and you’ve amassed a significant amount of debt, you’re in good company. Many of your fellow New Mexicans are in the same boat. There are ways you can reverse your situation, however, so consider taking action today. Start with a simple phone call to a specialist who can advise you on the best direction for you to start getting free of debt.

It might not be right for you, but debt consolidation in Albuquerque could be worth looking into. Debt consolidation may simplify the debt repayment process. If you can secure a debt consolidation loan at a reasonable interest rate, you could make debt resolution less stressful.

Most consolidation loans require collateral — a high-value asset such as a home or a car — that you must leverage in order to receive the loan. A secured loan is a bit of a double-edged sword: on the one hand it can help you get a lower interest rate, which means you pay less over time. On the other hand, if you do fall behind or can’t make your payments, you’re in danger of losing your leveraged asset. That means your house could be foreclosed on or your car seized.

The other option is to get an unsecured loan. These may be harder to come by and usually carry much higher interest rates because the lending company doesn’t have any guarantee that you’ll repay the entire loan outside of a binding signature. An unsecured loan could help simplify your repayment process, but it could also lead to a greater amount of debt in the long run.

Whether it’s resolution, counseling or debt consolidation, Albuquerque residents have options. Don’t wait any longer. It’s time to take care of your debt and live a life of freedom. Get started right now by calling 800-910-0065 .

End Your Debt

Find out how our program could help.

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    One low monthly program deposit
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    Settlements for less than owed
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    Debt could be resolved in 24-48 months

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