Debt Consolidation vs Debt Settlement

Debt Consolidation vs Debt Settlement

The average American carries around a balance of $6,375 in credit card debt alone. That is an increase of 3% from last year.  In 2017, total credit card debt held by Americans reached $1 trillion. If you have a lot of credit card debt and are looking for a quick way out, you are not alone. You’ve probably seen several terms – debt consolidation, debt settlement, and bankruptcy. These can sound similar, and each one has its unique pros and cons. We’ll look at the first two in more depth and then compare the pros and cons to bankruptcy. What […]

How Does Debt Consolidation affect your Credit Score

How Does Debt Consolidation Affect Your Credit Score

What is Debt Consolidation? Debt consolidation combines most of your debts into one loan with a lower interest rate. It allows you to consolidate your monthly payments and hopefully allowing you to get debt-free sooner. There are several ways to consolidate your debt. You could do a balance transfer credit card, take out a personal loan, borrow from your retirement account or against your home’s equity. You can also work with a debt consolidation company. There are other options than debt consolidation. Pacific Debt offers debt settlement options for people with more than $10,000 in unsecured (generally credit cards) debt. […]

5 ways to get debt relief from credit cards

5 Ways to Get Debt Relief from Credit Cards

Credit card debt is a problem for many Americans. For many people keeping up with monthly credit card payments is increasingly difficult. Causes vary. An illness, job loss, low income, or poor spending habits may be at the root. Spending more than you earn is very easy to do, especially with the convenience of a credit card. If you cannot make your monthly credit card payments, act immediately! It’s easy to get caught up in increasing debt. You may not be able to break free without the help of a debt relief professional. What types of debt relief help are […]

How to stop drowning in credit card debt

How To Stop Drowning in Debt – A DIY Guide

Learn How To Stop Drowning in Debt Yourself People fall into debt each day – it might just be a national epidemic. The problem with being in debt is that once you’re in, you’re in! It’s very difficult to get out of debt because it can be a financial trap. If you can’t keep up with your credit card payments, or miss a payment, your credit will take a nose dive right into the toilet. Cash is king, but good credit is just as important! Most people do not have cash reserves for a big purchase and must depend on credit. […]

Financial Anxiety

Financial Anxiety and How to Battle It

Financial Anxiety Current internet articles, posts, and headlines are filled with descriptions of the financial issues troubling many Americans. Layoffs, tax debt, and bankruptcies can add to the financial stress, and according to the American Psychological Association (APA), it’s taking a huge toll on our health. While the country continues to recover from the recession, many of us still feel the weight of crushing debt. Unfortunately, prolonged financial stress can negatively affect our physical, mental, and emotional health. The good news is that help is available. Options like relief from tax burdens, debt management programs, and budgeting strategies can provide […]

Get Budget Help With Budget Apps

What Are The Best Budgeting Apps of 2018?

The Best Budgeting Apps of 2018 Most people believe in the power of budgeting; some people think it’s just an excuse to avoid the real solution. Richard Quinn, a retired VP of Compensation and Benefits with over 50 years of experience in managing pension and 401k plans for a fortune 200 company, offers some profound advice about budgeting. One particular thing he mentioned about budgeting apps will strike a chord with most budgeting experts. According to Quinn, “Nobody needs an app. They don’t even need a budget. They need to do a few simple things: Take their net pay and […]

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. Tell us about […]

Couple struggling with bills

Not All Debt Consolidation Companies are Equal – 5 Important Question

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 […]

Best Debt Consolidation Companies

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 […]

Best Debt Consolidation 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, […]

BACK
Free Consultation
close slider

See How Much You Can Save


Start saving today! Get a personalized plan from Pacific Debt, the leader in debt relief with an A+ Rating from the BBB.


How much debt do you have?

Click to estimate

See Savings

100% free savings estimate and will not affect your credit