How a Lower Monthly Payment Can Transform Your Finances

Written By Aaron Sarentino
Mar 11, 2022
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Spring of 2021 saw household debt in the U.S. reach a record $14.6 trillion. Today, Americans are still working hard to secure financial freedom for themselves and their families. 

Many are struggling with high minimum monthly credit card payments, where much of the money paid goes toward interest balances rather than paying down the principal amount owed on each card. 

As a result, people feel stuck in the “hamster wheel” of credit card debt; they can’t save to pay down their credit card balances because their money is going toward staying afloat on minimum monthly payments, but these minimum payments barely make a dent in their credit card debt. This vicious cycle keeps hardworking American families in debt for years – often decades – while benefiting the credit card companies. 

What Can You Do To Break The Cycle?  

Debt settlement is one of the most powerful tools out there to regain control over your finances and resolve debt:

  • It is a negotiated settlement with creditors where an arrangement is made to repay a certain amount of the debt. 
  • You save a specified amount every month that goes toward paying down your debt – rather than making minimum monthly credit card payments that keep you on the hamster wheel.
  • In exchange, the rest of your debt is forgiven. 

Lower monthly “payments” (the smaller amounts that you save every month) can help you establish a healthier cash flow and overall financial balance. You can start to get back on track toward your financial goals, such as: 

  • Saving for retirement
  • Saving for home improvement projects 
  • Shoring up an emergency fund
  • Establishing a college fund
  • Taking a vacation with your loved ones

How Does Debt Settlement Put The Power Back In Your Hands? 

When creditors receive minimum payments from you month after month, they know that they can keep tapping into your earnings. They are not likely to be sympathetic and take it easy on you, even during difficult life circumstances such as a divorce or medical event. 

When someone decides to pursue debt settlement, however, collectors often realize that agreeing to terms from skillful negotiators (like our Negotiations team at Americor) is their best chance to collect. That is why adequate debt settlement can put the power back in your hands.

Additionally, debt settlement is a great alternative to bankruptcy – which can stay on your credit report for ten years

Getting Out Of Debt Is Possible

You don’t have to live with the vicious credit card cycle. You may be able to repay your debt faster, save more money, and stop the endless collector calls and the anxiety of debt. 

Our highly skilled team at Americor specializes in negotiating with creditors on our clients’ behalf, so they can focus on the things that matter most. We have settled more than $2 billion in credit card debt for thousands of clients.  

Contact us today to see if we can help you, too! 

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About Americor

Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

18200 Von Karman Ave, 6th Floor Irvine, CA 92612
New Clients:
[email protected]
Existing clients:
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We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

Americor Funding, LLC (18200 Von Karman Ave, 6th Floor Irvine, CA 92612) is fully accredited by the Better Business Bureau (BBB), the American Fair Credit Council (AFCC), and the International Association of Professional Debt Arbitrators (IAPDA). CA Department of Financial Protection and Innovation (DFPI) License # 603K913.

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