Get Out Of Debt Faster!
The following illustrations will help to graphically demonstrate how hard it can be to successfully rid yourself of credit card debt. In our example, the consumer has $20,000 in credit card debt and you can see what the results of each of their options will be.
| Consolidation Loan | Credit Counseling | Do Nothing (Minimum Payments) | Debt Relief of America | |
|---|---|---|---|---|
| Total Unsecured Debt | $ 20,000 | $ 20,000 | $ 20,000 | $ 20,000 |
| Months To Pay Off | 60 | 60 | 335 | 30 |
| Interest Rate | 11.0% | Variable | 17% | None |
| Extra Interest Paid | $ 6,090 | $ 14,200 | $ 25,345 | None |
| Monthly Payment | $ 434 | $ 570 | $ 600 | $ 360 |
| Your Total Cost | $ 26,090 | $ 34,200 | $ 45,345 | $ 10,800 |
How long does it take to complete the DRA Debt Negotiation Program?
In the previous example, it would take the consumer over 21 years to pay off their $ 20,000 in credit card debt. This is wonderful news for the credit card companies because that's exactly what they want! However, this is a terrible position for the consumer to be in.
DRA's debt negotiation program gives the consumer in this position a way to level the playing field a bit, allowing them to negotiate their debts at a far reduced rate without interest and late fees continuing to pile onto the original debt.
Each client enrolled in the DRA debt negotiation program has their own unique circumstances such as income, available cash flow, etc, that will let us determine how long it will take for that client to pay off their debts after we have successfully negotiated agreements with their creditors.
Don't wait any longer to get your financial house in order. Get started today by contacting Debt Relief of America at 800-242-2747 or contact us here for your free, confidential and no obligation consultation.
* All figures on this page are examples only. Rates, payments and settlement amounts vary, and are subject to change.
** Minimum payments for credit cards are a percentage of your remaining balance, and will change each month.
Customer Testimonials
"We were pretty down and out I had lost my job we had some medical bill issues that we were unprepared for and thanks to Debt Relief of America I was able to get my financial affairs in order and get out from under the crushing stress of the credit card debt and I feel so grateful and relieve now that I can go forward with my life and not make the same mistakes I made with the credit cards in the past, so DRA really helped my family get back on their feet.