Excessive spending - With easy availability of credit over the past decade, the spending habits of Americans have skyrocketed. The old days of paying for something with cash are long gone and we now live in a society that borrows money to buy goods and services.

Medical Bills - My father always said that if you have your health then you have everything and that statement is more true today than ever. As unexpected medical expenses arise, people tend to shift their priorities from spending money on household necessities to health care. Late payments begin to accumulate and before you know it you’re receiving collection calls.

Your growing family - As you build your family, expenses don’t always correspond with your salary. As take home pay for Americans is stretched to accommodate more family members, many are forced to borrow to keep afloat.

Unemployment - We are in the biggest economic downturn since the Great Depression and unemployment is wreaking havoc on families. The lack of gainful employment is having a direct impact on people’s ability to pay their bills, forcing many families to go further into debt.

The unexpected - No one can ever plan for every contingency in life. While it is advisable to have at least 6 – 12 months of your current expenses in a liquid savings account, in today’s economy you might need an additional 6 or 9 months. It is not surprising that many Americans finance their unexpected or emergency expenses by borrowing.

To find out more about our debt services, call us toll free today at 888-833-8853 and find out how you can benefit from our debt settlement plan.

Did you know that you’re entitled to a free yearly credit report for all three credit reporting agencies?   There is a free website you can visit to request this free credit report once a year. At SettlementMax, we strongly encourage our clients to take advantage of this free valuable service.  Here is the link.  annualcreditreport.com

Most people spend more time managing company finances than their own personal finances. Why is this?

Without a complete understanding of your monthly inflows and outflows you will not be able to understand what money is available for savings or additional spending.  Understanding this will greatly assist you as estimate what monthly payment you can afford before you enter into any debt settlement service.

You are not alone. Banks have been given the ability to charge excessive interest rates, late fees and this has fed their cash cow, us the consumers. Trying to put it in the back of your mind and ignore it is not the right solution. Take action and explore all your different options before you start your journey to financial freedom.