Emerging From Debt

I’ve read more than once that the economy is improving.    That may be what the statistics say, but I don’t have to look far to see plenty of folks, who are trying to cope with reduced finances,  They are floundering in a sea of debt and going down for the third time.

Regardless of the reason for indebtedness, it can be difficult to escape.  Some manage to make monthly minimum payments on their unsecured debts with most of the payments going to finance charges.  When most of a person’s income is used to make these payments, they are unable to save cash for emergency needs.  Inevitably, they borrow more and sink deeper in debt with little hope of emerging.

I’ve had friends who resorted to bankruptcy and known others who have used credit counseling services.  Until recently, however, I was unfamiliar with another option, debt settlement. Debt settlement actually reduces the debt owed to a creditor, while avoiding bankruptcy.  It reduces monthly payments to just one and provides an immediate improvement in cash flow.

To learn more about debt settlement, visit http://www.clegal.ca.  Sheila Cockburn, Esq. has nearly a decade of experience in debt collection litigation.    The Law Office of Cockburn & Associate, LLP will review your situation and offer a plan to help you emerge from debt overload.  They know how difficult it is to ask for help and will treat you with respect.  While every situation differs, it is typical for debts to be totally settled within two to four years.  No one should live with the stress and anxiety of debt overload.  If debt has overtaken your life, contact them today.