Debt Settlement
Shoreline Solutions specializes in debt settlement, also known as debt negotiation, a process of legally reducing amounts owed to creditors. In other words, Shoreline Solutions negotiates with a creditor and assuming a creditor agrees to sufficiently lower the amount that a consumer owes, we settle it with a lump sum payment. In turn the creditor agrees to report to the credit bureaus that the consumer no longer owes them anything. As an example, a client who owes $10,000 may pay as little as $3,000-$5,500 to settle the debt. Savings are compounded by the fact that you no longer have to pay huge interest charges that keep your principal high.
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Debt Reduction
Shoreline Solution's "30%" program is in many cases the cheapest and fastest debt reduction program available to consumers. Who qualifies for debt reduction? First of all, only people who have been burdened with financial hardship should pursue a debt reduction program. Additionally, only unsecured debts are eligible for our plan. The most common unsecured debts are credit cards, medical bills, collections accounts, department store cards, and balances left over from repossessions.
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Debt Relief
It is very important to distinguish whether you are in real need of debt relief or simply want to pay less than you owe. That is, if you are not overextended and can pay back the debt without third-party help, chances are Shoreline Solutions will not be of much help to you. Many of our clients are in need of debt relief because of a financial hardship. Financial hardship is a relative term and describes a number of financially catastrophic events, from loss of employment and divorce, to overwhelming medical bills or anything else that may have caused a consumer to accumulate high credit card balances and become unable to pay them back. Our underwriting guidelines determine whether a client may qualify for one of our debt relief programs, which, in turn, creates the best results for those accepted by Shoreline.
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Avoid Bankruptcy
Many of our clients seek our services as a way to avoid bankruptcy. By offering one, low monthly payment; our clients are able to pay back what they can afford while potentially avoiding the harsh consequences of a bankruptcy filing. Bankruptcy stays on your credit for up to 10 years and in legal records for up to 20 years. So even when you apply for a loan or job 15 years down the road, you may be obligated to disclose this on a loan or job application. When you factor in the emotional consequences of bankruptcy, it makes even more sense for some consumers to avoid such action.
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Bankruptcy Alternative
Shoreline Solutions' "30%" program is an innovative bankruptcy alternative for consumers struggling with excessive debt burdens. In many cases, all of Shoreline's programs offer the lowest monthly payment, shortest timeline, and least total cost of any alternative to bankruptcy.
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Debt Negotiation
We're confident that Shoreline's debt reduction programs are best choice for most consumers. However, we also understand that debt negotiation is not for everyone, so give us a call to see if you qualify and find out whether this program is right for you. If you aren't eligible or our program doesn't fit your situation, we'll refer you to an organization that can better service your needs.
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