Need Debt Relief or Forgiveness in Gardendale Alabama?
Are you looking for help with credit card debt relief in Gardendale 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 Gardendale 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 Gardendale 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 Gardendale 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 Gardendale AL bankruptcy attorney to find out what is forgivable debt should you choose this option.
Looking for Debt Relief in Gardendale 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 Gardendale AL area, here is a little bit of background information about your hometown that may be helpful.
A large farm settlement near the area today known as Gardendale was settled around 1825. Some years later, other settlers began to move into the community commonly known as Jugtown, a name given to the area based on the presence of a large jug and churn factory that operated in the area. Some years later, Hettie Thomason Cargo, a school teacher, would lead a campaign to change the name of the community. In 1906, the name Gardendale was selected, and in 1955, the City of Gardendale was officially incorporated. Today, with more than 13,000 residents (estimated), the city of Gardendale has grown to include more than 400 businesses, 4 schools, and 24 churches.
In 1996, the Olympic torch run passed through the city during the weeks leading up to the 1996 Summer Olympic Games in Atlanta. Before Interstate 65 was constructed, the main route between Nashville, Tennessee and Birmingham, Alabama was U.S. Route 31. Prior to being built as a four-lane road, U.S. 31 was a twisting two-lane road that is still largely visible today. From the north end of Gardendale, it is now Snow Rogers Road, North Road, Moncrief Road, and then Main Street southward through the city to the Fultondale city limit where it becomes Stouts Road. In the fall of 2008, new signs were placed along the original route of Stouts Road through Gardendale denoting its historical significance as a stagecoach route between Tennessee and Birmingham during the 19th century. The first traffic signals in the city were located along U.S. 31 at Tarrant Road, Fieldstown Road, and Moncrief Road as well as Tarrant Road at Pineywood Road. A new signal at the intersection of Fieldstown Road and Main Street near city hall replaced a blinking signal shortly thereafter. Fieldstown Road was a narrow two lane road from U.S. 31 westward until Interstate 65 was built and then Fieldstown Road was re-routed onto the new road in the mid-1980s. An abundance of traffic signals have been erected in the city since those early days. In approximately 1970, the city installed street lights along U.S. 31 from the Fultondale city limits northward to the Moncrief Road intersection. The technology at that time was for blue vapor lights. Today, nearly 40 years later those same blue vapor lights still exist with some being replaced with the more modern bulbs near major intersections. Since 1980, Gardendale has annexed considerable amounts of land on the north, east, and west sides. Much of the eastern area is uninhabited. The western annexation is centered along Fieldstown Road. Most of the newest residential development has been in this area and along Shady Grove Road south of Fieldstown Road. The northern annexation has centered along US 31 and extends nearly 2 miles (3.2 km) farther north than 1980. The city has a working historical society, established January 23, 2006, that is working to record the history of the Gardendale area. They have a museum that is open to the public on Saturday mornings each week. It contains a variety of photographs, documents, and other historical memorabilia from Gardendale.
Gardendale is located at 33°39′36″N 86°48′46″W / 33.66000°N 86.81278°W / 33.66000; -86.81278 (33.6601033, -86.8127702). According to the U.S. Census Bureau, the city has a total area of 18.0 square miles (47 km2), all land. However, with the recent annexation of several thousand acres from the community of Mt. Olive and other unincorporated areas, the city now has an estimated total area of around 25.0 square miles (65 km2). Gardendale is situated along one of the three major transportation corridors from the Midwest to the Gulf Coast (I-75, I-65, I-55). A tremendous volume of freight (via rail and truck) passes through or near Gardendale.
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 Gardendale 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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