Debt Line Helps the Utterly Debt-Ridden

2007-03-08 10:33:40

( Automobiles )



At some point in your life, you may have experienced difficulty in repaying your loans. Or perhaps you applied but were denied a loan or line of credits due to bad credit history.

There are several Debt Line sites which can assist you in dealing with your cash flow, debt obligations and other financial situations. They are all charitable agencies and their services are free, independent, and most of all, confidential. Their main mission is to help you with your debt problems through various services that they provide online or by telephone.

Advice and Helpful Information

You can call a Debt Line agency to ask for advice regarding your own financial debt problems. You can call a specific phone number during specific days and hours of the week. There is also a 24-7 answering service to take your call if the line is busy or if you are calling outside of the specified hours.

Topics covering household and business budgeting, bankruptcy, individual voluntary arrangements, and company debts are also available online and for downloading. You also get information regarding your rights and responsibilities as a debtor, the laws applicable in your case, and creditors' practices regarding debt collections.

Debt Line counselors may also refer you to legal agencies and other specialists for further assistance.

Customer Assistance and Support

Debt Line agencies can prepare documents to help you negotiate with your creditors and other parties involved in your debt problem. They can even contact the other parties on your behalf.

All you need to do is to undergo an interview with the Debt Line staff to help them understand your predicament so that they will be able to take the necessary actions to help you. The counselors will also discuss your options and other angles of your situation. In all cases, you always have the upper hand as far as any decisions are concerned.

Some agencies may also provide mortgage loans on line at your request.

Debt Management Plan

The Debt Line counselor formulates a feasible repayment scheme which will guide you in prioritizing your payments of liabilities. Debt Line negotiates with your creditors for reduced payments, and possibly freeze or reduce the amount of interest payable.

Terms and Disclaimers

The extent to which Debt Line agencies can help you depends much on the accuracy and completeness of the information you provide. The agencies hold themselves free of liability from any loss or damage caused by any of the information they provided.


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