Meet Christopher – Now Debt Free Thanks to Pacific Debt

Name: Christopher

Age: 35

Location: California

 

When did you enroll in our debt settlement program and how much debt were you facing? How did carrying all of that debt make you feel?

We enrolled March 2016 in Pacific Debt’s program, with $23,176 in debt. Carrying that much debt made it almost impossible to make ends meet. We could make only minimum payments, and would immediately be checking balances and available credit to see which card we could use next. Purchases were for necessities, not fun or frivolous items. We lived credit card limit to credit card limit.

 

Christoper, Debt Free, Pacific Debt

Tell us about your journey through the Pacific Debt program? Are there any special team members you would like to recognize?

Our journey through Pacific Debt’s program was worry free and easy. We were contacted immediately whenever something was needed, and we were informed of every step taken along the way. Brian LoBianco was amazing to work with! He took care of our account and our debts in the fastest way possible, never neglecting quality service, and ended up getting us great settlement agreements with our creditors. He was professional at all times, and we could tell that he cared about us and the assistance he provided.

 

How does it feel to be debt free? What are your financial goals moving forward?

It feels amazing to be debt free! One thing this program allowed us to do is learn how to live without using credit. By not being able to use our cards, and by lightening the load that we carried, we were able to manage our budget in a credit free way, realizing what we really needed, and what we could do without. Our financial goals are to continue to live completely free of revolving debt, not having to worry about paying high interest for what easily could have been the rest of our lives doing what we were doing before.

 

We know we are not perfect. What suggestions or advice would you offer to help us improve our program? All advice is welcome.

I honestly was completely satisfied. I will say, the first 6 months to 1 year of creditor/collector phone calls was nerve racking. Understanding that things had to get worse before they could get better was key, though it was still a time that worried us. Pacific Debt made sure we understood the process, and what to do with those calls and contacts, and that made all the difference. We knew Pacific Debt was in our corner the whole time.

Couple struggling with bills

Not All Debt Consolidation Companies are Equal – 5 Important Questions to Ask Before You Sign Up

Whether you are looking for help with debt consolidation, credit counseling or debt settlement, it is important to know that not all debt consolidation companies are created equal.

What separates one company from another? Here are 5 important questions to ask when evaluating a debt consolidation company:

  • How long have you been in business? Let’s face it, you don’t want to trust your money to an overnight start up and be some company’s Guinea pig.  At Pacific Debt, we have been helping consumers since 2002 and have settled thousands of debts representing hundreds of millions of dollars.
  • Is the company highly rated by the Better Business Bureau? Do you really want to trust a company with an F rating and loads of complaints? Companies that are Accredited Members of the BBB make a commitment to marketplace ethics and are required to resolve consumer complaints to maintain their memberships. Remember, all companies get complaints, it is how a company responds and addresses those that separates the good from the bad. We are proud to say that Pacific Debt is an Accredited Member of the BBB of San Diego with an A+ rating.
  • Is the Company a member of any Industry Trade Associations? Trade associations often set many of the standards in the industry and their members are required to meet minimum requirements to maintain membership. For instance, in the debt settlement space, the American Fair Credit Council (AFCC) requires that each Accredited Member company undergo an audit once per year to ensure that member companies are not charging upfront fees and are complying with all AFCC standards. At Pacific Debt, we are one of only 13 Accredited Members of the AFCC.
  • Will you receive personal service? Some companies treat you like a number and basically have huge call centers designed to answer your calls, but rarely offer you any personal dedicated service. At Pacific Debt, we created a system where all of our clients get a dedicated Personal Account Manager who is there to guide them through the process from the first settlement until completion. Our Account Managers get to know our clients on a personal level so that you don’t have to deal with the aggravation of explaining your situation over and over again to a different call center representative each time you call.
  • What are others saying? If you scour the Internet you can find all sorts of review sites and comments on social media. If clients have a good experience, or a bad one, they like to talk about it online. In fact, due largely to our great client reviews, Pacific Debt is the #1 Ranked Company on BestDebtCompanys.com .  Our average user score of 9.7 on the BestDebtCompanys site is a direct reflection of our commitment to customer service and delivering value to our clients.

The bottom line is that you have a lot of choices when it comes to selecting the right debt consolidation company and the reality is that not all debt relief companies are equal. However, by asking the right questions and doing your homework, you can find the right option and company for you.

Best Debt Consolidation Companies

Pacific Debt Inc. -best debt consolidation & debt settlement company

Searching For The Best Debt Consolidation Companies?

With several different debt relief strategies available to consumers, it is very confusing to figure out exactly how to best resolve a specific financial situation. Often times, consumers are not even sure what they should be searching for. As a consequence they end up Googling generic search terms like Debt Consolidation or Debt Management. These terms can actually be used to describe both Consumer Credit Counseling and Debt Settlement, which are two very different services.

Here at Pacific Debt we receive a lot of inquiries from consumers who found us by typing Best Debt Consolidation Companies into Google. Even though we are a Debt Settlement Company, we do help consumers consolidate their debts into one smaller monthly payment. The payment is placed into an escrow savings account that can eventually be used to negotiate and settle an outstanding debt for less than the full balance due on the loan or credit card.

If you found us but were actually looking for information on Debt Consolidation Loans please see Best Debt Consolidation Loans. If you are struggling to make your monthly payments and your credit is less than perfect, you will very likely find it difficult to secure a consolidation loan to pay off your credit cards.

Many of the consumers who have found us while searching for the best debt consolidation companies, where actually looking for Consumer Credit Counseling programs. However after comparing the payments of the Credit Counseling Programs to our Debt Settlement Program, most of them opted to work with us. In many situations, debt settlement is simply a superior strategy to credit counseling.

Whether or not our debt settlement strategy is right for you will depend on your specific situation. In general though, you will be out of debt several years sooner with a much smaller monthly payment as compared to a Consumer Credit Counseling approach.

Making a decision to consolidate your debt with either a credit counseling or a debt settlement program can be tough. It is important to do the research and explore both options before making a final decision. For a side by side comparison, contact the Professionals at Pacific Debt and take the first step down the path to debt freedom.

Best Debt Consolidation Loans

Best Debt Consolidatin Loans

If there was ever a great economic climate to get the best debt consolidation loans, this is definitely it. Well, sort of…

Currently we are enjoying some of the lowest interest rates of all time, which is certainly important when looking to consolidate credit card debt at a lower interest rate.

However, if you are currently shopping around for the best debt consolidation loans, you have no doubt discovered a major problem. The banks aren’t lending money for risky unsecured loans to consumers who have high debt and are struggling with their monthly payments.

Sure, if you have great credit, low debt, and plenty of cash you should have no problem getting a great loan, but for the rest of us, the borrowing window has been slammed shut. Great loans are available mainly to people who don’t really need them and not to those among us who desperately do.

The Best Debt Consolidation Loans Available Might Not Actually Be Loans At All

If you find yourself in a situation where you are struggling to keep up on your payments and cannot find any institution that will lend you money at a great interest rate, a debt settlement strategy is certainly an approach that can be explored as an alternative to a debt consolidation loan.

Ultimately, the main purpose of getting a loan is to pay off your debt, and if a low interest loan is not available, a debt settlement will likely get your debts paid off faster at a much lower overall cost than a loan would anyway.

Rather than simply lowering your interest rate, a professional debt settlement company has the ability to negotiate with your creditors to potentially reduce your principle credit card balances and create a program to have your debts resolved in just a few short years.

As with anything, there are both pros and cons to using a debt settlement approach. However, if your search for the best debt consolidation loans has resulted in nothing but rejection after rejection, you certainly should take a few minutes to explore a debt settlement option.

Whether or not it is the best solution really depends on the financial circumstances of each individual consumer. For a detailed explanation of how a debt settlement strategy works, contact the professionals at Pacific Debt for a Free Debt Reduction Estimate.

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