DCA Rise Beyond Debt

Is Debt Consolidation the solution?

Many people turn to debt consolidation as a way to pay off debt.

Consolidation means borrowing money to pay off all the other debt at a lower interest rate.

Consolidating debt might be good for some people, but it is not for everyone.

Sam has a $23,325 credit card balance at 24% interest.

She gets a side job, and starts making monthly payments of $671.01.

After five years she has paid $16,935.77 in interest and made total payments of $40,260.77.

If Sam consolidates her debt from a 24% credit card to a 16% loan, she is looking at paying $567.22 per month.

Over five years she will pay $10,708.12 in interest and total payments of $34,033.12.

She might have been hit with some hidden fees in the loan terms, but we are being generous here.

In this case, consolidating her loan saved her $6 227.65 ($40,260.77 - $34,033.12).

If Sam came to DCA, we might suggest debt settlement.

We guarantee that Sam's $23,325 credit card debt can be reduced to $13 995. Sam would pay 13.995 plus 2400 in fees, for totals payments of 16,395.

To compare:

If Sam continues to pay her credit card at 24% she would pay $40,260.77.

If Sam consolidates her loan at 16% she would pay $34,033.12.

If Sam calls DCA she would pay 16,395.

What do you think Sam should do? (888) 984-2322.

Mary Cossey filed for bankruptcy.

Since bankruptcy cancels out debt, she decided to go shopping.

Mary charged over $240,000 during the course of her bankruptcy for personal expenses including multiple vacations, luxury clothing and accessories, and jewelry.

The FBI, IRS and The U.S. Department of Justice did not like that.

Mary committed fraud. She pleaded guilty.

Now she must pay $81,159.97 in restitution.

Many people mistakenly think that they can file for bankruptcy and get away with a free shopping spree.

Bankruptcy may be a good idea for some people, but it comes with conditions. Not fulfilling those conditions can lead to a bad situation.

If you are struggling with debt, we can provide solutions. 888 984 2322

Mary Cossey Enters Guilty Plea Department of Justice U.S. Attorney’s Office Northern District of Indiana FOR IMMEDIATE RELEASE Tuesday, August 31, 2021 Mary Cossey Enters Guilty Plea HAMMOND-Mary Cossey, age 54, of Munster, Indiana, entered a plea of guilty to one count of wire fraud before United States District Court Judge Ph...

16 percent of su***des in the US occur in response to a financial problem according to the Aspen Institute.

If someone you know is struggling with and , give us a call today. You could save a life. 888-984-2322.

The Burden of Debt on Mental and Physical Health In the US alone, individuals who struggle to pay off their debts and loans are more than twice as likely to experience mental health problems, including depression and anxiety.

Andréa Ceresa said she may have to declare bankruptcy soon.

She has paid off about $23,000 in medical bills so far, but she faces $133,000 more for a nine-day hospital stay in November.

Since she contracted Covid-19 a year ago, Ceresa has joined the ranks of those who still struggle with various manifestations of the coronavirus.

She's also one of a growing number of Americans who can't afford their medical bills.

While scientists continue to study the numerous ways people can get sick from Covid-19, Ceresa's symptoms, which have never abated, have run the gamut: from troubled breathing and low blood pressure to migraines, brain fog, rashes and more.

Each symptom seems to come with another referral to another specialist, she said, and with it, another bill.

Like the many sick or ailing Americans who have taken on copious amounts of medical debt during the pandemic's economic crisis, Ceresa, a former dental office manager in New Jersey, hasn't been able to go back to work even as the bills pile up.

'I either lived or died': Medical debt burdens more amid pandemic job losses "I wake up in the middle of the night thinking about it. I just can't believe it's come to this," said one woman with long-term Covid symptoms.

Forbes writes: "...employees who completed su***de had depression and anxiety, excessive debt, higher impulsivity and poorer social support..."

Grappling With The Rise Of Work-Related Su***de During The Pandemic: How To Support Yourself And Fellow Coworkers Su***de has become a global health crisis and the 10th leading cause of death in the United States. The rate of work-related su***de has risen with the onslaught of the pandemic, but there are steps you can take to support yourself and your fellow employees.