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Using Debt Relief programs as an alternative to bankruptcy in Dallas, Texas

 If your financial situation leaves you with little income or assets, bankruptcy might be the only solution to resolve overwhelming debt problems.  Most Texans can avoid bankruptcy with another option to provide debt relief.  But with the many options, understanding the differences is important.  The best debt consolidation in Dallas can help resolve high-interest debt much, much less than making minimum payments. The options include debt consolidation loans, credit counseling, and Debt Settlement in Texas.



Debt consolidation loans in Dallas, Texas


If you are in hardship and are considering bankruptcy, you are unlikely to qualify for a low-interest debt consolidation loan to pay off high-interest credit cards. These loans require a very high credit score and substantial income to reduce the risk to the lender. Because these loans are unsecured, there is nothing to take from you, such as a vehicle or home. If your credit scores are in the 700s or higher and you have plenty of income, find the lowest-interset debt consolidation loan in Dallas, Texas, to pay off your high-interest credit card debt. You can apply with 25 lenders offering debt consolidation loans in Dallas at the same time using AffordableDebtConsolidation. There is no cost for the services, and receiving loan offers will not impact your credit score. 


Avoiding bankruptcy in Dallas, Texas, with credit counseling


If you have poor credit scores and you are struggling to pay your credit card debt, Credit Counseling in Dallas might provide you with enough relief by lowering your interest rates. You will have only one monthly payment per month, and the payment is likely to be lower compared to your combined credit card payments. 


Debt Relief in Dallas, Texas with Debt Settlement


Debt negotiation is another form of debt relief that does not require a new loan. Unlike credit counseling, your balances are negotiated one at a time rather than your interest rates negotiated upfront. These programs are structured differently, and the savings can be much greater, but you should talk to a Texas Debt Specialist to learn more about the differences between the two options.


Bankruptcy in Dallas, Texas


Bankruptcy is a serious decision and can have serious consequences both now and in the future. Generally, there are two types of consumer bankruptcy- chapter 7 and chapter 13. Chapter 7 will discharge the debt if you meet the income and asset requirements. Chapter 13 in a repayment plan and the amount that the bankruptcy court will determine you. If you are considering bankruptcy, you will need to speak with a qualified attorney. 


Using the best debt consolidation in Dallas can help you to avoid bankruptcy. Speak to a Texas debt specialist at 214-623-5944 to learn more about debt consolidation loans, credit counseling, and debt settlement. Everyone's situation is different, so finding the solution that will meet both your current needs and your future goals is important. Leave your debt behind you by getting professional help today!

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