Debt Relief Assistance for Massachusetts Residents
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People with multiple credit card debts may be surprised to see how much money they can save with a monthly debt relief program.
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Find out today which debt relief programs you qualify for and how much money you could be saving each month!
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Massachusetts Debt Relief – How It Works
Over the years one of the most common questions we get from people who come to our site is "How does it work?"
This video explains how the free debt relief savings estimate works, how debt relief programs work and if there is any cost.

Get Debt Relief without a Personal Grant

Are you or your family faced with unmanageable credit card payments and other unsecured debts? There are many reasons why many consumers in Massachusetts may be in search of a debt relief grant or some form of government assistance to resolve debts, but this type of credit card assistance is not available. However, other help is available to consumers struggling with out of control credit cards and other debts: in addition to personal bankruptcy, there are a variety of debt relief options that may provide relief for consumers through debt consolidation or debt management plans (DMPs), credit counseling, debt counseling, and even debt settlement or debt negotiation.

If you are experiencing a financially difficult time, are overwhelmed with credit card debts and in need of relief, you can request your free debt relief evaluation and savings estimate to see if debt relief could help you.

Understanding Your Debt Relief Options

Credit counseling, debt consolidation, debt management, or even debt settlement have become popular alternatives to bankruptcy, which is considered to be the debt relief option of last resort. It is important for consumers to understand that there are debt relief specialists who, while not providing a grant, do have the experience to assess their situation and offer real solutions that can bring relief. Through structured debt relief plans based on existing debt and available income to pay down those debts, it is poss possible to turn the table on debts and get on the path to living a debt-free life.

Answer a few, simple questions to explore your options and get your free debt relief analysis and savings estimate.

Debt Consolidation and Debt Consolidation Loans

Debt consolidation, or a debt management plan (DMP), gives individuals and families facing multiple debts the opportunity to combine, or consolidate, multiple high-interest credit card and unsecured debts into one, more manageable and affordable payment plan made to a credit counseling agency. If you find yourself saddled with debts from multiple sources, (such as credit cards or other types of unsecured debts such as retail store cards, gas cards, doctor bills, utilities, or more) debt consolidation through a debt management plan could help make it easier for you to pay off or pay down debts at a pace you can afford.

The steps in a debt management plan via credit counseling are these: 1) The credit or debt counselor will speak with you to get a sense of your current situation and the hardship you may be facing, 2) They will find out how much total unsecured debt you have and get information on your actual creditors, 3) They will then find out from you how much money you can reasonably afford to allocate to paying down your debts (making sure you leave enough money to take care of the necessities in life such as food, clothing, gas, etc) 4) They will then create a "personalized" debt management plan (DMP) and send proposals to each of your creditors (typically requesting lower interest rates), 5) Those creditors who agree to the proposals then will have their debts placed in the debt management plan, 6) The consumer is then responsible for making sure that the necessary funds are available in their account each month so the debt relief organization will be able to draw the funds and make the necessary payments on time to each of the creditors. Overall, the benefits of debt relief can be very postive for consumers including lowering interest rates, waiving of late fees and penalties, and generally more affordable monthly poyments. The bottom line: creditors who understand that you are indeed experiencing a financial hardship may be more willing to agree to debt proposals and add your account to the structured debt management plan for payment over time until your debt with them is resolved.

To explore your debt relief options, answer a few, simple questions to get your free debt relief analysis and savings estimate.

State Resources for Low-Income Individuals and Families In Need

Low-income individuals or families in need of a helping hand while going through tough financial times will find that the state of Massachusetts does not specifically offer debt grants or programs designed to help consumers with credit card debt reduction. It does, however, provide a variety of other programs. For instance, the Temporary Assistance Program provides assistance to needy families with children, helping them get access to food, health care, and other basic necessities. Massachusetts also has agencies that can assist with housing concerns and help consumers avoid foreclosure.

To learn more about these resources and more, go to the state's homepage Benefits section.

Debt Settlement or Debt Negotiation

If you have the discipline to accumulate money in a designated "set aside" account so that you will have the funds necessary to extend a settlement offer to creditors, then settling your debts is a viable alternative to personal bankruptcy that may provide welcome relief and allow you to settle your debt for less than the full amount owed.

Debt settlement is a debt resolution strategy that has the goal of negotiating with credit card companies who may be willing to settle for much less, rather than get little or nothing from consumers who file for bankruptcy. Why would credit card companies be willing to settle for less? Often, credit card companies elect to "sell off" your debt as "bad debt" to a third-party debt collector if they see that you have fallen behind on your payments by 60 or 90 days or more. From these third parties that "purchase" the debt, they may only receive as little as 10 cents on the dollar. So, it stands to reason that credit card companies, in this position, may be willing to accept a reasonable settlement offer made by you or by a debt negotiation company for considerably less than the full amount owed.

There are some other key factors to be aware of with debt settlement. For instance, when consumers default on the terms of credit card agreements in order to set aside monies in a settlement fund, creditors may threaten or take legal action. In addition, any money saved through credit card settlement, which can be a large sum, is subject to federal taxation. Finally, debt settlement typically will have a negative impact on personal credit, but not as severe or long lasting as a personal bankruptcy.

Debt settlement, despite the legal and tax implications, has become an increasingly popular option for consumers who would prefer to settle debts for as much as they can reasonably afford, rather than default on debts entirely and file for personal bankruptcy.

To review your debt relief options, take a moment to get your free debt relief analysis and savings estimate at no obligation.