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Debt Relief Programs | How To Get Out of Debt Lineville AL 36266

Need Debt Relief or Forgiveness in Lineville Alabama?

Let Us Help You Get Out Of Debt in Lineville ALAre you looking for help with credit card debt relief in Lineville AL?  More and more consumers in this economy are finding that they are in need of some form of Credit Repair or Debt SettlementWith 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

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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 Lineville AL.  They include:

  • Credit Repair
  • Debt Consolidation
  • Debt Settlement
  • Debt Management
  • Credit Counseling
  • Student Loan Forgiveness
  • Bankruptcy

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

credit cards Lineville ALCredit 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.

Debt Consolidation

As we have discussed, debt consolidation loans are probably one of the first solutions that Lineville 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

Debt Settlement has become very popular in Lineville 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

bankrupt Lineville ALBankruptcy 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 Lineville AL bankruptcy attorney to find out what is forgivable debt should you choose this option.

Looking for Debt Relief in Lineville 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 Lineville AL area, here is a little bit of background information about your hometown that may be helpful.

Lineville, Alabama

Native Americans were the first to inhabit the area now known as Lineville. The Creek Indian War of 1813, however, resulted in their removal. The first white settlers in the area were William and Thomas Lundie. Their settlement became known as Lundie's Cross Roads after a trading post opened in the 1830s to serve pioneers and miners searching for gold. In 1856, Lundie's Cross Roads became known as County Line, probably for the Baptist Church, founded in 1848 and located on what was then the boundary line between Talladega and Randolph counties. Also in 1856, a post office was established in County Line, schools were consolidated and corn and cotton became cash crops.[4]

The Town of (Crooked Creek) Lineville was built on what was at that time the dividing line between Talladega and Randolph Counties, hence the name, Lineville. John H. Ingram, Sr. of Lineville, Alabama furnishes the following early history: “Crooked Creek Baptist Church, later Lineville, was organized in 1839 and built one and one quarter miles west of the town of Lineville about 200 yards northwest of the home of Frank Pittard; and the first literary school of the community was nearby. Some years later the church was moved a short distance and a house was built on the left side of the public road near the residence of the late Thomas H. Harris. In about 1863 the church was moved into the town of Lineville and a house built just west of the present grammar school building; the name was changed to Lineville Baptist Church in 1881 and legally incorporated in 1912; the first Circuit Court that was held in the new County of Clay, was held in the Lineville Baptist Church in 1867, with John Henderson of Talladega, Alabama, as a judge. The present new brick building was built in 1915 and 1916, with the first service held on March 1st, 1916, with prayer and thanksgiving service conducted by J.H. Ingram, Sr., and C.N. James, pastor.”[5]

One of the newest attractions in Clay County in the 1920s, was the chicken business. Millions of chickens and eggs and long chicken houses In or about 1921, Reverend Secelar Claxton Ray took one hundred, day-old chicks to the Clay County Fair and put them under an oil burning brooder and called attention to the advantage of using chickens on the farm to supplement the ‘all cotton’ cash crop. This was something new, but it did gradually got the attention of the local farmers. He was now fully in the poultry business, and named it Goodwill Poultry Farm and Hatchery. He bought houses then idle at the local graphite mines in Clay County and hired neighbors in their spare time and built the hatchery and chicken houses and an extra tenant house on the farm, southeast of Ashland, Alabama whose population of close to one thousand had grown considerably from two hundred in 1881.[6]

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 Lineville 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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