Debt Consolidation: Alliance Residents Have Options AvailableAugust 3, 2022
If you’re familiar with the ancient monoliths at Stonehenge, England, you’ll understand the connection to the famous attraction in Alliance, Nebraska. And if you’re a resident of Alliance or nearby, you may even have visited the site. Located north of the city, Carhenge is a replica of Stonehenge constructed with autos. A local man named Jim Reinders, with some of his family, assembled the sculpture using 38 cars in the summer of 1987.
Perhaps your economic situation feels a bit like a standing stone in that it’s been around for a while and it’s hard to shift? The good news is that there are ways to get out of debt—whether yours is heavy or light. If you call a debt specialist for a free evaluation at 800-910-0065 , you’ll be able to discover which solution could be the answer for you.
Which Debt Relief Solution Is Right For You?
There is a variety of debt solutions available to those burdened by massive debt. There’s no one-size-fits-all solution, but there are options that might fit your debt situation better than others. Here’s an overview of what may be available to you in Alliance.
Alliance residents with more than $10,000 in debt could use debt consolidation. It involves getting a consolidation loan to cover your debts. Instead of paying several bills to several creditors, you pay one to a debt consolidation company or bank.
If you have a lot of debt, debt resolution could be your answer. With debt resolution, you work with a company to reduce and resolve debt. The company negotiates with your creditors on your behalf while you make monthly deposits into a program account you control. When the debt settlement company reaches an agreement with one of your creditors, you can resolve your debt with the funds in your account. This process repeats until all your debts with each creditor has been resolved.
Another option is bankruptcy, though this may be less favorable than those listed above. It is typically viewed as a last resort, especially since it may have a long-term negative effect on your credit score.
That’s why it’s important to call today for a free debt evaluation — find the right solution for your situation: 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 Alliance
In addition to Carhenge, the solar eclipse of August 2017 also played its part in bringing swarms of visitors to Alliance. The crowds were good for the local economy as they boosted many small businesses in the area. Of course, business owner or not, none of this means very much if you’re consumed by your financial woes. It may seem like there’s no end in sight to your problem. But one conversation with the right person from the debt consolidation world could change your outlook for the better.
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, Alliance residents have options. Don’t wait any longer, and call today at 800-910-0065