Debt Free Program

Debt Free Program

Looking for a debt free program? We've said it before and we'll say it again--you've come to the right place. Through the debt free programs at American Debt Management, you can be debt free in as little as five years.

Debt Free Program Options

When it comes to finding a debt free program, the options are endless. No longer do you have to think that bankruptcy is your only choice. In fact, it should be your last resort! It can leave a black mark on your record for ten years! And Congress recently enacted the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 that requires anyone filing for bankruptcy to go through some sort of debt free program first.

Now that we've explained that you should avoid bankruptcy, here's a brief outline of some of your debt free plan options, starting with the most popular option, debt consolidation:

• Debt Consolidation - This debt free solution involves negotiation to get your balances and interest rates lowered. Then the new, lower balances are combined, and you make one monthly payment to the debt consolidation company, which they distribute among your creditors. Because of the reductions, you can become debt free in about five years.
• Debt Consolidation Mortgage - If you're a homeowner, this is the best debt free program for you. It allows you to borrow from the equity in your house to pay off your unsecured debts. Your payment is combined with your mortgage, and you get the same interest rate as your mortgage. In some cases, the interest is even tax-deductible (check with your tax advisor to see if this will work for your tax situation).
• Student Loan Debt Consolidation - This combines all of your outstanding student loans into one and locks in a much lower, fixed interest rate for you. Your monthly student loan payments are cut in half, too, because you are given more time to pay them off.
• Debt Consolidation Loan - A loan given to you to pay off your unsecured debts. You pay off your unsecured debts immediately, but you still have the loan to pay back. The benefit is that the interest rate on the loan is so much lower than what you're currently paying (we aim for single digit) that you can have it paid off in five years or less.

To figure out which one of these programs are right for you, complete our secure, online form. Within 24 hours, we'll analyze your debt situation and send you custom-designed quotes and referrals to the top ranking best debt management companies around. With no strings attached, you should feel 100% confident when you fill out our FREE form. Doing this puts you under no obligation whatsoever. So what are you waiting for? Fill our our form and go debt free!

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