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Testimonials

It is very refreshing to do business with a company that lives up to it's promise. Having a lot of debt that you can no longer pay back is very scary and stressful to say the least. In my time of need you came through for me with great results and compassionate service. I would highly recommend Debt Regret to anyone facing debt challenges. The bottom line is Debt Regret will help you get the results and closure you want Mike S. - TX

Debt Relief

For most Americans, debt relief and debt consolidation alternatives are now a necessary part of life. Debt Regret's proven debt relief and debt consolidation alternative program has become a real live saver for Americans in need of help. Now, you too can get Debt relief from Debt Regret, a Debt Relief Company. Our program helps those who need debt relief and a viable alternative to debt consolidation. Did you know that the average American family has more than $8000.00 in credit card debt and spends more than they earn each year?

Credit cards can be a great tool when used properly, but many Americans are getting in over their heads and looking debt relief when they need help. It is important to remember that just because you can pay your minimum payments each month, doesn't mean you don't have a debt problem. Minimum payments are only good for the credit card companies, not the consumer!

In order to drive our point home about the benefits of debt settlement and debt consolidation, Debt Regret has come up with a few warning signs that may signal a need for debt relief.

• You are unable to put any money into savings
• You make only minimum payments on your credit cards
• You use a large amounts of your income to pay off credit card debts
• You use credit cards for things you should buy with cash, such as groceries
• You have more than two major credit cards and have balances on all of them
• You're close to your credit limit on most, if not all, of your credit cards
• You're not sure of the total amount you owe on your credit cards
• You've taken out cash advances on credit card to pay other bills
• You've been denied credit, because you have a high debt to income ratio
• You get calls from collectors about your credit cards

Debt Relief Through Debt Settlement

While debt settlement and debt consolidation alternatives are fairly new ideas for many to follow, they are quite an effective form of debt relief. If you are not familiar with debt settlement, it's a process that involves negotiating with creditors and banks to lower the actual debt balances you owe. While it's an aggressive form of debt relief, many consumers have been able to settle their overall debts by up to 60 percent* and usually become more financially stable within 18 to 36 months. People that choose the debt settlement route also enjoy benefits as a single monthly payment opposed to what they were previously paying to all their different creditors. Often, it proves to be a very realistic way to get debt relief and debt consolidation for people with a high amount of debt compared to their income level and that have begun falling behind on their monthly credit card payments. In many cases, it is the fastest and most helpful form of debt relief outside of bankruptcy.

Note: This should not be considered legal advice. Debt Regret does not provide legal or tax related advice. If you need any type of legal or tax related advice, you must contact a licensed attorney or a qualified accountant.

Chapter 7 Bankruptcy Debt Relief

When considering Chapter 7 bankruptcy, it should always be a last report to correct a bad situation so try our debt relief and debt consolidation programs before filing for bankruptcy. While bankruptcy can provide debt relief, it also has long lasting negative effects on credit. If you owe a large amount of money and do not have a steady job or paycheck, then a Chapter 7 bankruptcy may be the way to go. When filing a Chapter 7 bankruptcy, you must usually liquidate all non-exempt belongings and pay your creditors with the money that is made from doing so. For consumers who do not have any assets of value, no money is required to be paid to your creditors. This is known as a no-asset bankruptcy. If you fall under this category, Chapter 7 bankruptcy is most likely the best option for you to achieve debt relief. Please remember that it is always a good idea to speak to a licensed attorney to decide if bankruptcy is the right option for your needs and to help verify your qualifications.

Debt Relief with Chapter 13 Bankruptcy

In a Chapter 13 bankruptcy, you may be asked to turn over all your finances to a court trustee, who will help manage your funds to make sure the creditors are repaid. This usually involves turning over a large amount of your income to the courts, for up to 5 years, before you are given debt relief. Chapter 13 bankruptcy is often used as a form of debt relief for items such as a mortgage or a car instead of credit card debt. Some would even say that Chapter 13 bankruptcy is a very ineffective form of debt relief for credit card debt, because it has all the harmful things that come along with a personal bankruptcy filing, but still makes you to repay a large portion of the credit card debt you owe. So you if you are dealing with credit card debt this might not be your best choice for credit card debt relief and debt consolidation. Whether you are considering Chapter 7 or Chapter 13, it is always a good idea to speak to a licensed attorney to decide if bankruptcy is the right option for your needs and to help verify your qualifications.

Borrowing From a 401(k) To Get Debt Relief

Using retirement savings to get debt relief is never a good idea. Borrowing from a 401(k) account should be a last resort as an emergency backup plan to find debt relief and debt consolidation. It should not be used to pay off credit card debt. Why you ask? Because borrowing from your 401(k) defeats the purpose of a saving for your retirement and you may have little to no money left to retire. As people are living longer these days, odds are you will most likely need that money in your golden years. If you do borrow against your 401(k) as a form of debt relief, keep in mind that you still have to pay it back, even though it's your money in the first place. In fact, if you lose your job, you might be asked to pay it back right away or take a 10% withdrawal penalty, plus standard income taxes.

Liquidating Assets For Debt Relief

For people that could previously afford things like boats, additional cars or real estate investment properties, this may be a good way to get some quick debt relief, but also consider that you could lower your debts even more by using debt settlement and debt consolidation with the money you make by liquidating assets. When selling personal items, it is very important not to be taken advantage of. If you do choose to sell some of your things to help get debt relief, make sure are getting a fair price for the items you are selling. This will help minimize the damage of your financial situation and get you out of debt quicker.

Debt Relief With Credit Counseling

If your thinking about credit counseling to get debt relief, it usually involves negotiations with your credit card companies to lower the interest rates you are being charged. Unfortunately, this is often, not the best way to get out of debt. If you owe $50,000 and you are repaying it at 15 percent or 25 percent, it is still $50,000 and that can take a long time to pay off. With credit counseling, you can most likely be more financially stable in 4 to 5 years. Credit Counseling may be your best bet for debt relief, if you are able to pay more than your minimum monthly payments, but are still struggling with the high interest rates you are paying.

Credit Card Balance Transfers For Debt Relief

Another option for debt relief and debt consolidation is credit card balance transfers. While this can give some debt relief, it's important to remember that borrowing from one creditor to pay another is no way to get out of debt. Some call this "borrowing from Peter to pay Paul" and it can become a real a problem if you don't get it under control. In order for balance transfer to help with debt consolidation, it is important to read all the fine print and avoid any hidden charges. After all, if a credit card balance transfer is going to contain a lot of extra charges that will be added to your already high debt load, it will only add to your problem and can cause more harm than good. If this sounds like the situation you are in, you might be better off looking into other ways to get debt relief. On the other hand, if you feel compelled to balance transfer, make sure to be careful and budget well, to ensure you will be able to get out of debt. Keep your options open and call us to try our debt settlement and debt consolidation programs as a possible option to balance transfers.

Debt Relief With Home Equity

There are good and bad things to consider when thinking about a home equity loan as a way to get debt relief. On a positive note, the interest is usually lower since it is tied to your home and you can write off a portion of the interest you pay on your taxes. However, using home equity as a form of debt relief requires no major changes in your daily spending habits and this can cause people that go this route to be in a similar, or worse, condition in just a few short years and by changing your previously unsecured debt into a secured one, you cannot lose your home if you can't pay in the future.here are good and bad things to consider when thinking