If you live in the Yukon and are struggling with debt, you might be wondering which options are available to you and which is the best solution. If you’re having a hard time making your minimum payments but don’t want to resort to something as drastic as bankruptcy, debt settlement might be your best option.
Debt settlement is a proven, legal method to get your debt under control and to help you pay back what you owe to your creditors. As the name indicates, debt settlement is an arrangement between you and your creditors to consider debts as paid in full for less than what you actually owe. Under a legal Yukon debt settlement, debtors may see their debts cut in half or more, helping them to get the collection agencies off their backs and to escape the heavy burden of consumer debt.
Debt settlement in the Yukon is often more effective than a debt consolidation loan because the total amount you owe is reduced, and it is better than bankruptcy because it does not put a black mark on your credit record for seven years or more (though it DOES damage it). It’s impossible to come to a firm conclusion without speaking to a professional, who can look at your specific situation and put together a debt settlement program or recommend a better option. You can receive this kind of expert help in Yukon and settle your debts when you fill out the online debt relief form.