Debt Settlement Texas Solution over Consolidation

Debtors in Texas have been attacked by some of the worst debt consolidation schemes. One of them is the "home equity" loan. The debt consolidation approach entices a borrower to use the equity in his home to refinance credit card debt. However, in exchange for this easily obtainable, high-risk home equity loans, many Texans have endangered their homes, credit scores, and much more.

According to the Federal Reserve Board, homeowners have about $10 trillion in home equity available. In 2005 alone, borrowers received nearly $144 billion in home equity loans to pay down non-mortgage debt. Much of the loans have been used to finance credit card debt.

Unfortunately, if you use up the equity in your home for a home equity loan, you will experience greater difficulty getting credit cards. The credit terms that credit issuers will offer you may also be laden with steep interest rates and fees, such as cash advance fees, late fees, and over-the-limit fees.

Fortunately, in lieu of a debt consolidation loan, a debt settlement Texas program offers you a better solution than a home equity loan. For one, there is no credit requirement or homeownership requirement. Secondly, you don't need to sacrifice your home or the equity in your home. Additionally, a debt settlement Texas program can give you debt reduction superior to a debt consolidation loan.

An exceptional debt settlement Texas program is the National Debt Relief Stimulus Plan. You can enroll in the program as little as $2,500 in credit card debt as well as medical and business debt. The program is available in Houston, Dallas, San Antonio, Austin, El Paso, Fort Worth, Arlington, Corpus Christi, Plano, Garland, and other Texas cities.

About Debt Free League:

The complete debt settlement service provider is pioneer of the National Debt Relief Stimulus Plan. The company employs in-house debt negotiation specialists to help people in financial hardships negotiate settlements of personal, medical, and business debts. The average client savings is 50 percent. The company is also affiliated with Libre de Deudas, which services the Hispanic community. Free debt settlement phone consultations are available by calling 800.213.9968.

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