ABOUT DEBT

There are many ways to accumulate debt. Many people run into trouble when they encounter disability and/or high medical bills. Some have sunk their life savings into starting a business, and it didn't work out. Some have simply overspent in the past. We are not here to judge. We are here to help those who are ready to turn their lives around.

There are different types of debt - secured and unsecured. Secured debt is backed by property, such as a home or auto, serving as collateral. They may also be backed by financial instruments, such as bank accounts or stock certificates. You can lose your collateral if you don't keep up with the terms of the loan. Types of secured debt include mortgages, home equity lines of credit, auto loans, and secured credit cards. Unsecured debt is supported only by your good history of paying debt in the past. The risk of unsecured debt is higher for the lender, so the rates and fees are higher for these types of loans.

Your Debt Situation

You never seem to get ahead...

You're sliding down a slippery slope. You may avoid thinking about it, but it's always looming over your head. You must sit down, take stock, and make a plan for paying off your debt. If you can't design a workable plan, you must seek alternatives. They do exist.