If you're facing an overwhelming amount of debt, you're not alone. Half of American families are living paycheck to paycheck and are unprepared for a financial emergency. One illness or change to income can push you to the brink of financial ruin.
It's important that you prioritize paying off debt so that, should an emergency happen, you have disposable income that can be used to keep your family afloat. There are many options available to consumers to relieve the burden of debt. We will outline the most common strategies for resolving debt so that you can determine what is the best choice for your situation. With each option, it's important to evaluate your unique situation and remember that results vary.
Make a single monthly payment for a predetermined term. Better Path Financial then works with your creditors to settle for less. The settlement is paid with the funds from your monthly payments.