There are many reasons to take out loans. One of those reasons is to cover existing debts. But there are many different things you can do when you’re in debt. There is no one-size-fits-all solution to debt. This is where American Debt Enders comes in.
American Debt Enders (ADE for short) is a debt counseling company. The company offers many services centered on referrals to professionals. If you’re struggling with debt, they have a few plans for you to try out. So, let’s look into the specific services that American Debt Enders can offer you.
American Debt Enders In A Nutshell
American Debt Enders offers those struggling with debt:
- Counseling
- Settlement
- Consolidation
- Dispute assistance
- Management assistance
They also offer credit repair assistance. The company doesn’t offer most of these services directly. Instead, they connect users with organizations that can help them out based on their unique situations. The company seeks to be a one-stop solution for those struggling with debt. So, they don’t promise to make your debt challenges disappear overnight. But they can use their expertise to send you in the right direction.
American Debt Enders Services
Debt Counselling
This is the main service that ADE offers. They offer free counseling to anyone with unsecured debt of over $5,000 who contacts them. The goal of the free consultation is simply finding the best solutions for ending your debt. So, the consultant you speak to will be filled in on the details of the debt you’re struggling with. Also, the consultation is 100% debt-free and obligation-free.
Based on the results of your consultation, there are many places you could be referred to. One of the more unique options they offer is their Debt Dispute program.
New Debt Dispute Debt Relief Program
The American Debt Enders Debt Dispute program isn’t a debt settlement, modification, or negotiation program. Instead, it is a program meant to help indebted individuals get their debt under control. After that, they offer credit restoration assistance.
The debt relief program sometimes offers the complete elimination of your debt. In all cases, they offer a complimentary credit restoration program for customers that complete the Debt Dispute program. The program also comes with legal protection in cases where creditors take legal action.
Debt Settlement
One of the services that American Debt Enders can match you with is debt settlement. This service is also often referred to as debt arbitration or negotiation.
Professionals in debt settlement seek to reduce the burden of your debt. They do this by negotiating a lump-sum payment with your creditor. This lump sum is usually smaller than the amount of money you owe.
Debt settlement can be great, but it’s potentially risky. You can end up paying more in some cases. Your credit score can take a hit as well.
Debt Consolidation
Another service that American Debt Enders can match you with is debt consolidation. This service involves you taking out one single loan to pay off all your other debts. This rolls all your debts into one larger, simpler debt.
For debt consolidation to be successful, you should be enabled to pay your debt off more easily. You should get longer repayment terms, possibly costing you more in interest than the sum of all your smaller debts. Though debt consolidation loans are normally high-interest loans.
Debt Management
Debt management plans are meant to make it easier to pay off all your debts. They are usually put together to help individuals struggling with credit card debt.
The typical debt management plan will see your debts rolled into one with a debt payoff tool. So, you would be left with one monthly payment to make as creditors also reduce your interest rate. The only catch is that you’ll have to agree to enter into a new payment plan that can last up to 5 years in some cases.
Debt management plans can cut your overall interest expenses. But they do come with risks. Failing to make even one payment can mess up your entire plan and end your interest rate cuts.
What Does American Debt Enders Charge?
ADE doesn’t charge customers for the services they offer. Their services simply involve them investigating customers’ debt challenges and referring them to the right professionals. So, the amount of money you have to pay will depend on the service you are matched with. The professionals you can be matched with each set their own prices.
The Last Word On American Debt Enders
ADE won’t make your debt disappear, but they’ll do their best to help you crush your debt. Their consultations are cost-free and obligation-free, so if you’re interested you can book a consultation now.
While American Debt Enders has no serious complaints against it, the services they match you with will vary. So, make sure you look into whatever professionals they match you with.
