Case Study - Debt Consolidation San Diego, CA

Is Finding Debt Relief from a Debt Settlement Lawyer Your Best Option?

If you are looking for debt relief in San Diego and google the words "debt settlement lawyer San Diego CA" you will get dozens of search results.

A debt settlement lawyer is just one of your options to get debt relief. Other options include debt relief companies. You may find their services just as effective and less expensive than a traditional lawyer.

Pacific Debt Relief is a San Diego debt relief company. We offer a free consultation to help 'you solve your debt problems.

Following is a basic primer on debt relief options.

San Diego Debt Relief Options

If you are deep in debt and looking at information on ways to solve your debt problems, we offer a lot of information on our website to help you discover the different ways you can get debt relief.

There are four different debt relief options: credit counseling, consolidation, debt settlement and bankruptcy. Each of these has pro and cons and should be investigated carefully.

We'll take a quick look at each on. If you’d like more information, follow the links in each section.

Credit Counseling

In credit counseling, you meet with a certified debt counselor who will help you learn about money management, including setting up a household budget, and may set up a debt management plan. This is a good program for people just starting to get into debt.

Debt Consolidation

In the debt consolidation method, you take out a loan that covers outstanding debt and use the loan proceeds to pay off your debt. You then focus on paying down the loan. This can be a very effective method to find debt relief as long as you have good to excellent credit scores and can find a low interest loan. You may also use a balance transfer credit card.

Debt Settlement

In debt settlement, you undertake debt negotiation with your creditors to lower the amount that you owe. While you can do this yourself, most people prefer to have someone negotiate for them. This is where debt settlement companies or a debt settlement attorney are very effective at settling debt.

Bankruptcy

Bankruptcy is a legal option that erases most of your debt and your credit history. This is a last-ditch option because it will affect your financial future for a long time.

Choosing your Option

If you need some expert guidance, give one of Pacific Debt Relief's debt specialists a call. Our people consistently win awards for customer service, and they will help you pick the correct option for your situation.

While we are among the leading debt settlement companies in the US, we know debt settlement is not for everyone. We will lay out all your options and refer you to a trusted partner who can help you to become debt free.

Learning More About Debt Settlement

Most debt settlement companies like Pacific Debt Relief handled unsecured debt, usually in the form of consumer debt. Unsecured debts include credit card debt, medical bills, personal loans, and some student loans.

Your job is to save funds every month to an escrow-owned account. These minimum monthly payments add up and as we settle with each debtor, your debt is paid off through these savings. There can be issues with debt settlement, like temporary credit score decreases and possible tax liability, so discuss these with our professional debt negotiators.

Pacific Debt Relief offers a free consultation. Call us today. We are conveniently located in downtown San Diego, California.

Hardship Story

I work in insurance and my pay fluctuates each month, I’m not on a strict salary so my monthly income varies month to month. As a result, it is difficult to manage my situation because I don’t know exactly how much is coming in month to month. I am paying a lot of money each month to my creditors and not seeing my balances change much, I need some assistance. $250 income – expenses

Successful Debt Settlements

Recent Settlements table showing creditor name, settlement value, original balance, and percentage of claim.

Return to the California debt relief section to learn more.

Read more California debt relief reviews and case studies.

Read our recent client testimonials and see what our customers are saying about our debt relief program.

Our debt experts can help you explore your alternatives to bankruptcy, including debt consolidation and debt settlement options.

DISCLAIMER: We are not lawyers and are not giving legal advice. Before filing bankruptcy, talk to a lawyer in your state.