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Consider Your Five Options

If your household is among the 38 million nationally struggling to make only minimum monthly payments to the credit card companies, you have five options available:

•  Continue Making Minimum Payments
•  Debt Settlement
•  Consumer Credit Counseling
•  Debt Consolidation
•  Bankruptcy

Debt Settlement – Debt Settlement is the fastest, least costly option for eliminating debt.  The table below compares the time and cost required to pay off $20,000 in credit card debt using each of the first three options.
  Minimum Payments Credit Counseling Provanta Debt Settlement
Debt Due
 $20,000 $20,000 $20,000
Monthly Payment 2% of Debt $500.00 $500.00
Time To Pay Off Over 50
Years		 About
4 Years		 About
2 Years

Total Cost To Pay Off

Over
$98,000		 About
$24,400		 About
$12,000
The figures above are based on 20% per annum credit card interest rate for minimum payments and on 15% for credit counseling.  These calculations are approximate and are supplied for illustration only.
Debt Settlement may be the best option for you depending upon your circumstances and objectives.  Before making a choice you should compare Debt Settlement to each of the other four options.  For a more detailed comparison of each option click on the links below.
Make Minimum Payments
Credit Counseling
Debt Consolidation
Bankruptcy
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