Debt Settlement San Diego

Debt Settlement San DiegoLike most parts of the country, San Diego has gone through some major economic swings in the past few years. Some areas, such has the housing sector have been hit especially hard with homeowners in a few local areas seeing a drop of more than 50% off of peak housing values.

In order for many San Diego families to keep their heads above water, they were forced to turn to their credit cards as a lender of last resort.

Unfortunately, this is a temporary solution because once the credit cards get maxed, the increased monthly payments are impossible to keep up with.

Pacific Debt Settlement in San Diego

If you find yourself in a situation where your credit card payments have exceeded your ability to keep up with them, a debt settlement strategy is certainly an option that can be considered. Unlike a debt consolidation approach where you must maintain a high monthly payment plan to pay back your entire debt, a debt settlement option would negotiate your principle down and allow you to potentially pay back less than the full balance that you owe.

A debt settlement strategy is typically appropriate for consumers who have the ability to pay on a portion of their debt, but just not enough cash flow to pay off their balances in full. It is also a great way for consumers to potentially avoid bankruptcy if they find themselves in a position where they cannot qualify or wish to avoid a bankruptcy filing.

Of course every financial situation is unique and a complete understanding of your circumstances is required to assess what specific strategy would be the best course of action.

At Pacific Debt we have been offering debt settlement solutions to San Diego residents for the better part of a decade. We are intimately familiar with some of the unique financial challenges faced by consumers in our local and overall California economy. Since 2009 we have settled over 45 million dollars worth of debt for consumers in San Diego and across the country.

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 92101

Next to Petco Park in downtown San Diego.

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