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How to Settle Debt for less than Half of what you owe

Q: What do you do when you are trying to refinance your mortgage to consolidate your debts but there isn't enough money to pay all those bills in full?

A: Use the proceeds of the mortgage financing to settle all the debts owed for less.

Imagine being able to completely resolve $70,000 of credit card debt for less than $25,000. Don’t let anyone tell you it can’t be done. Discover the ethical, legal and effective solutions we provide to our clients every day—even those staring bankruptcy in the face only weeks prior to having their debts all settled for less.

Proven Mortgage Refinancing Solutions to help you settle debts fast

Alliance Credit has had somewhat of a love affair with settling debt using mortgage refinancing. In fact, we are considered top in our field in Canada, and to date have helped mortgage brokers and homeowners alike salvage millions of dollars in mortgages that would never have been approved without our help.

Debt settlement and mortgage refinancing works best in situations where you have bad credit but still need to avoid bankruptcy. For example, let’s say you owe $50,000 in credit card debt and your mortgage broker can only get you approved for a $20,000 Home equity line of credit or second mortgage to pay off that debt. You would normally have a serious problem, but not with a debt settlement solution.

Alliance Credit has resolved problems like these thousands of times by negotiating a huge reduction in the debt. If you can get about half of what you owe out of your home equity, we can usually settle all your debts, including the fee for the work.

Is it for everyone? Not necessarily. For people who have plenty of equity in their homes and can pay their bills off in full, debt settlement isn’t the solution. Instead, close your mortgage and pay your creditors in full, otherwise you could risk ending up with bigger problems then you bargained for.

Getting tired of being harassed by bill collectors? Consider how debt settlement and a mortgage can solve your problems and give you peace of mind at last. Take the first steps to facing your debt by arranging a free debt settlement consultation by visiting our home page and requesting a no obligation quote.

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