Need Debt Relief or Forgiveness in Epes Alabama?
Are you looking for help with credit card debt relief in Epes AL? More and more consumers in this economy are finding that they are in need of some form of Credit Repair or Debt Settlement. With mounting high interest credit card debt on top of a home mortgage, one or two car loans, installment loans and perhaps even a student loan, the total payments can be overwhelming. If you find yourself in a similar situation, you have probably come to this website because getting out of debt is your number one priority. You may have considered a debt consolidation loan, but don’t really want to apply for any more loans. Besides, you are not sure if you would even qualify at this point due to your high credit balances and low credit score. You may have even considered bankruptcy so that you can get a clean start, even though it may impact your credit rating for years to come. So before you take any drastic actions that could put you further in debt or destroy your credit, let’s look at some debt relief and forgiveness options
Debt Relief and Forgiveness Options
If paying off debt or debt forgiveness is important to your financial health, you are probably aware that there are several options available to you in Epes AL. They include:
- Credit Repair
- Debt Consolidation
- Debt Settlement
- Debt Management
- Credit Counseling
- Student Loan Forgiveness
Let’s take a closer look at some of the ways that you can get out of debt and how each solution can help you achieve your goal of being debt free.
Credit repair is the process of fixing or removing items on a bad credit report. It could be as simple as rectifying mistakes with one or all of the credit bureaus. It may also involve Identity theft, which can require extensive credit repair work. The second form of credit repair is to deal with fundamental financial issues, such as budgeting, and begin to address legitimate concerns on the part of lenders. In some cases, credit repair may require legal as well as financial expertise. Depending on the extent of the problem, it may require simply cleaning up misunderstandings, while in other cases professional intervention is needed.
As we have discussed, debt consolidation loans are probably one of the first solutions that Epes AL consumers saddled with high interest debt consider to pay off their financial obligations. The biggest drawback is that they are not always easy to qualify for, especially if you are already having financial issues. The concept of consolidation loans is that you pay off all of your high interest credit cards and installment loans with one lower interest loan that reduces your overall monthly payments. It is often advisable with these types of loans to close out all of the high interest credit cards so that they are not charged up again on top of the consolidation loan. This option is often best used in conjunction with some form of credit counseling so as not to make matters worse by continuing to incur high interest debt.
Debt Settlement has become very popular in Epes AL as a means of debt elimination instead of consolidation. It provides debt relief by reducing the total amount owed to each creditor, thus making the debt much easier to pay off. Companies that specialize in debt settlement programs negotiate on the consumer’s behalf with creditors to reduce the balances due and set up a payment schedule that will eliminate the total debt within a set amount of time. This allows the debt to be paid off faster and with more affordable monthly payments. The advantage to creditors is that they will receive at least a portion of the debt owed without having to hire debt collectors or pursue the debt through the judicial system. Often they may receive nothing at all if the debtor files bankruptcy. If you would like to see how much you can save with a Debt Settlement Program, click the banner above.
Debt Management and Credit Counseling
“Debt management and credit counseling” are debt relief strategies that analyze your current financial picture and educate you on how to better manage your debt. Counselors will make suggestions regarding budgeting money and consumer behavior so that you can make wiser choices when incurring debt. They will also create a payment plan that you can afford, often incorporating other debt relief options such as consolidation, debt settlement and reducing interest rates on credit.
Bankruptcy is the last option that should be considered, and only when no other debt relief option is a workable solution. Bankruptcy can provide a “clean slate” so to speak financially, but not without consequences. The worst is that it can impact your credit for the long term, although options for re-establishing your credit will vary from lender to lender. And not all debt may be forgiven, so be sure to consult a reputable Epes AL bankruptcy attorney to find out what is forgivable debt should you choose this option.
Looking for Debt Relief in Epes Alabama?
Finding the right debt relief program is important if you want to get out of debt and remain debt free. If you live in the Epes AL area, here is a little bit of background information about your hometown that may be helpful.
Epes is located near Jones Bluff, overlooking the Tombigbee River. It is located at 32°41′26″N 88°7′27″W / 32.69056°N 88.12417°W / 32.69056; -88.12417 (32.690497, -88.124182). According to the U.S. Census Bureau, the town has a total area of 1.9 square miles (4.9 km2), all land.
Epes has its origins in Fort de Tombecbé (Fort Tombecbe), one of the major fortifications built under Louis XIV of France, in what is now the American south, in the early eighteenth century. In January 1736, Jean-Baptiste Le Moyne, Sieur de Bienville, governor of Louisiana, recruited a Swiss officer serving with the French, Joseph Christophe de Lusser, to construct a fort on the Tombigbee River, "atop an 80-foot bluff to support his campaign against the Chickasaws" that was to proceed in the year following; Bienville visited the site in April of the same year, and took control of the construction, leading to its completion and its support of his martial efforts against the Native Americans. After a 26-year stay, during which the French used this and other holdings to check "westward expansion by the British into the French colony of Louisiana," and to serve "as a trading post, solidifying France's relations with the Choctaws... the most powerful French ally in the area," the French ceded the fort, with most of its North American territory, to Great Britain under the Treaty of Paris, surrendering Tombecbé in November 1763; the British inspected and renamed it Fort York, although its actual inhabitation would await a recurrence of hostilities between the Choctaw and Creek Indians in 1766. Records of those overseeing the fort in this period document the challenge of supplying such a remote location, and after a 1768 truce ended the hostilities between the Choctaw and Creeks, the British abandoned Fort York, with Choctaws being the remaining inhabitants of the area until this tribe ceded a small parcel of land that included the fort to the Spanish in 1792/1793, under the Treaty of Boucfouca. As little of the original fortification structures remained when Spain arrived to take control in 1794, the Spanish chose to construct "a smaller but more substantial earthen structure" (rather building further wooden fortifications); they renamed the site and their resulting structure Fort Confederacion, in recognition of the alliance the Spanish had struck with Native American groups to assist them in resisting encroachment by commerce and settlements from the United States. Fortifications were completed before the beginning of 1796, in time to provide support to the Spanish when war broke out with the United States, and when hostilities began again between the Chickasaw and Creek Indians; the Treaty of San Lorenzo, between Spain and the young U.S., ended that part of the hostilities, and ceded Spanish territory "above the 31st parallel," including the Fort, to the U.S, "thus marking the end of the European colonial era in Alabama."
Epes was incorporated in 1899 and named for Dr. John W. Epes, who donated the right-of-way for Southern Railroad (if the town would be named Epes). The town is located on the high bluffs of the Tombigbee River. Standing on the bluffs, you could hear the ferries and steamboats traveling down river. During its prime, it was known as the transportation and business and service center. It had three cotton gins, a cotton compress, cotton seed oil mill, creamery, handle company, The Casey Hotel, The Bowers Boarding House, a school, two grocery stores, a drug store, general merchandising stores, and two livery stables. The second stockyard in Alabama opened in Epes in 1936.
Make the Right Choice for Debt Relief
Making the right choice is important for your financial future. We have detailed some of the options available to you in Epes AL to help you eliminate your debt, but as with all things, due diligence is important. Be sure to speak with a professional regarding any legal and tax consequences of the solution that you choose. Remember, your long term financial health is the most important goal of any type of debt relief program.
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