When doing a Google search for Debt Relief San Diego, consumers will notice that the first page of results are dominated by bankruptcy attorneys.
It seems that bankruptcy is big business in San Diego, however as a consumer, you should be aware that when you are struggling to keep up on your bills, bankruptcy is not the only option.
Many consumers are not aware that debt settlement is often a great alternative.
San Diego Debt Relief Options
Depending on your specific situation there are several debt relief options that consumers can explore if they are struggling to make ends meet. When it comes to unsecured credit card debts, the 3 most common options for consumers other than bankruptcy are…
1. Debt Consolidation Loans – If you have good credit and can secure a loan at a lower interest rate than you are currently paying, this may be an option to look at. Most consumers associate this option with home equity lines of credit.
2. Credit Counseling Programs – If you are unable to get a loan for a lower rate and are currently paying average interests rates above 13% to 15% than a credit counseling program is an option to consider. There are many local and national credit counseling programs that you can contact for a free consultation to see if their payment plan will be low enough to give you the cash flow relief you are in need of.
3. Debt Settlement Programs – Debt settlement is an option to consider if the payments on option 1 or 2 will be to high for you to consistently pay, and bankruptcy is not a good option either. With a debt settlement approach, you or a professional debt settlement company will negotiate with your creditors to reduce the amount of overall debt that you owe, allowing you to get out of debt faster than if you had to pay back the entire amount.
A debt settlement strategy is not a solution to all debt problems. Debt settlement is worth exploring if your situation meets some of the following criteria.
a. You have the ability and would prefer to pay back at least partially what you owe.
b. You can afford to make payments to your creditors, but just not enough to cover the minimum payments or pay off the debt within a reasonable time.
c. You either do not wish to, or cannot qualify for a chapter 7 bankruptcy filing.
d. You have assets that would be wiped out in a chapter 7 bankruptcy filing.
e. It is highly probable that you will be able to raise the money required to settle your debts within a few years.
If you are struggling to keep up on your debt payments, or foresee a time in the near future that you will be, and answered yes to at least one of these statements, than exploring the possibility of settling your debts would be a worthwhile investment of your time.
At Pacific Debt we have offered debt settlement strategies to San Diego consumers as an ethical and honest debt relief alternative to bankruptcy for the past 10 years. We don’t believe in one size fits all solutions and design specific strategies to best fit our clients’ needs.
To find out if a debt settlement strategy may be the answer for you, contact us to set up a free consultation. One of our debt settlement specialists can assist you over the phone, or if you live in the San Diego area, feel free to schedule an appointment to come in and speak with us.
We are located at 715 J St. Suite 202, San Diego, CA 92101Next to Petco Park in downtown San Diego.
Pacific Debt was founded in an effort to address the growing tide of unsecured debt in our country. Our mission has always been to put the consumer first and make customer satisfaction our top priority. In order to achieve these goals PDI places a major emphasis on customer service. We believe "the customer is always right" and do everything in our power to meet or exceed expectations. This commitment to customer service has also allowed PDI to achieve an A rating as an accredited member of the BBB.
Fill out Pacific Debt's 30 second online form for FREE Consultation
Consult with a debt specialist to review your options and determine if debt settlement is right for you 
