Do Nothing
Pay minimum amounts
If you choose to pay minimum payments, be prepared to pay on your debts for a very, very long period of time. If your rate is 25% or higher, it will be near impossible for you to pay off your debt by making minimum payments UNLESS you pay 3% or more of the balance. Even then, it would take 35 years or more on this example.
Bankruptcy Chapter 7
or Chapter 13
Tougher laws require that you qualify for both Chapter 7 and Chapter 13. Bankruptcy attorneys collect fees up front, sometimes in excess of $2500.00 BK may also have a negative impact on your employment, not withstanding your credit for up to 10 years. Chapter 13 requires a repayment of principle balances amounting to 75-100 of the original debt. Chapter 13 completion rates are less than 32% Nationally.
Debt Management/Premier
A Debt Management Program may be an option for you. Simply put, this program can stop collection calls, lower your interest rates, eliminate late fees and reduce your overall cost. Depending on your current debt, this program may take 4 to 5 years to pay off.
Debt Settlement/Premier
Debt Settlement can reduce your total debt by up to 60% with one low monthly payment. This option allows you to settle and pay off debts within 24 to 36 months.
Steps to Financial Health
Step 1. Talk with a Solutions Specialist to determine your options. Our Specialist are highly trained at identifying your options to determine what program would be best to resolve your unsecured debt.
Step 2. Premier provides several debt reduction programs, if it is determined you qualify for one of our Debt Programs, you will meet with your Solution Specialist. YOU will decide if enrollment in a program meets your needs. If so, our dedicated Team will then create a plan of action to to get you on your way to financial recovery.
Step 3. A Premier Solutions Specialist will work with you on a monthly budget to determine an affordable monthly plan for you!
Congratulations! Once enrolled in a program you will work with a team of professionals that are here to help. We will cheer you on each and every month with a service call, you may have access to attorney representation, we will provide you with a customer log-in to our processing site and you can check on your progress any time you want. Premier Solutions is a relentless ally for consumers who are overburdened with unsecured debt. We understand that due to major life changes and hardships that not everyone can pay their monthly obligations. We want you to know, there is hope!