Local San Diego Debt Relief Options
Depending on your specific financial situation there are several debt relief options, including Pacific Debt, that consumers can explore if they are struggling to make ends meet. When it comes to unsecured credit card debt and personal loans, the 3 most common options for consumers other than bankruptcy are:
Debt Consolidation Loans
If you have good or excellent credit scores and can secure a loan at a lower interest rate than you are currently paying, this may be an option to look at. Most consumers associate this option with home equity lines of credit.
Credit Counseling Programs
If you are unable to get a loan for a lower rate and are currently paying average interests rates above 13% to 15% than a credit counseling program is an option to consider. There are many local and national credit counseling programs that you can contact for a free consultation to see if their payment plan will be low enough to give you the cash flow relief you are in need of.
Debt Settlement Programs
Debt settlement is an option to consider if the payments on option 1 or 2 will be to high for you to consistently pay, and bankruptcy is not a good option either. With a debt settlement approach, you or a professional debt settlement company, like Pacific Debt, will negotiate with your creditors to reduce the amount of overall enrolled debt that you owe, allowing you to get out of debt faster than if you had to pay back the entire amount.
A debt settlement strategy is not a great solution to all your debt problems. Debt settlement with a company like Pacific Debt is worth exploring if your situation meets some of the following criteria.
- You have the ability and would prefer to pay back at least partially what you owe.
- You can afford to make monthly payments to your creditors, but just not enough to cover the minimum payments or pay off the debt within a reasonable time.
- You either do not wish to or cannot qualify for a chapter 7 bankruptcy filing.
- You have assets that would be wiped out in a chapter 7 bankruptcy filing.
- It is highly probable that you will be able to raise the money required to settle your debts within a few years.
If you are struggling to keep up on your debt payments to your creditors, or foresee a time in the near future that you will be, and answered yes to at least one of these statements than exploring the possibility of settling your debts would be a worthwhile investment of your time.
Since 2002,
Pacific Debt has offered great debt settlement strategies to locals with consumer debt as an ethical and honest debt relief alternative to bankruptcy. We don't believe in one size fits all debt solutions and design specific strategies to best fit our clients' needs. Pacific Debt has settled over $300 million in debt since 2002. If you are eligible for our debt relief solution and follow through with the requirements, you can expect to be debt free within two to four years.
To find out if a Pacific Debt debt settlement strategy may be the answer for you, contact us to set up a free consultation with one of our certified debt specialists. A debt specialist can assist you over the phone, or if you live in the area, feel free to schedule an appointment to come in and speak with us. Eliminate debt with Pacific Debt!
If you live outside our city, check out our
California debt relief page for more information about our Pacific Debt program.
We are located at
750 B St. Suite 1700,
San Diego, CA 92101
Get Directions to our Downtown San Diego Office.
Pacific Debt Criteria for Enrollment
If you are interested in the Pacific Debt enrollment process and the Pacific Debt negotiation services, you must meet the following criteria:
- Enrolled debt of at least $10,000 in unsecured debts (credit card debt, payday loans, personal loans, previous consolidation loans, medical bills, payday loans, collections and repossessions, business debts, and some student loans). Can be from multiple consumer debt sources as long as it is unsecured debt.
- Difficulties making even one monthly payment
- Pacific Debt offers national debt relief, but you must live in a state where Pacific Debt operates. Pacific Debt offers services in the following states:
Alabama,
Alaska,
Arizona,
Arkansas,
California,
Colorado,
District of Columbia,
Florida,
Idaho,
Indiana,
Kentucky,
Louisiana,
Massachusetts,
Maryland,
Michigan,
Minnesota,
Missouri,
Mississippi,
Montana,
North Carolina,
Nebraska,
New Mexico,
New York,
Oklahoma,
Pennsylvania,
South Dakota,
Texas,
Utah,
Virginia,
Wisconsin
- * Since not all states are included, not all clients can enroll in our company. People in other states can be connected to one of our trusted debt relief companies
Pacific Debt does not provide relief for loan products like home loans. Call for a free consultation about your unsecured debt!
How Pacific Debt Debt Settlement Works
When you enroll in Pacific Debt, you immediately stop paying all enrolled debts - even the minimum amounts! This convinces the creditors that you are serious. If you have any doubts, read our
customer reviews to see what people say about us. You can also take a look at our
Google reviews.
We then begin negotiating with your unsecured debt creditors to lower interest and total debt. You make regular payments, based on your budget, to a dedicated savings account. After you build up enough savings, Pacific Debt pays off each creditor.
Pacific Debt Relief does not charge upfront fees! Clients pay a fee of 15-25% of the total debt enrolled as we achieve results.
During your time with Pacific Debt, you will receive personal attention from your personal account manager and certified debt specialist. In fact, Pacific Debt Relief's customer service is legend and our debt specialists are regularly named as Number One for Customer Service.
Pacific Debt Accreditation
Pacific Debt is an accredited debt settlement company. We are accredited by:
- The Consumer Debt Relief Initiative (CDRI)
- International Association of Professional Debt Arbitrators
- Better Business Bureau
Like all debt relief companies, Pacific Debt Relief is under the oversight of the Federal Trade Commission. Pacific Debt has settled over $300 million in debt since 2002.
Pacific Debt Debt Settlement Concerns
There are some serious drawbacks to debt settlement. Because you may have to stop paying bills to convince creditors or debt collectors that you are serious, your
credit report can take some damage.
Debt settlement comes with tax debt as the IRS sees debt forgiveness as income. To avoid too much of an effect from debt forgiveness, speak with a qualified tax advisor.
Pacific Debt Relief Customer Reviews
"Pacific Debt will be the company to get my debt resolved once and for all. I had $17k in credit card debt from a previous failed business. They negotiated multiple settlements with my creditors until the accounts were closed. I no longer have this burden hanging over me." -
John S.
"Pacific Debt assisted me in saving money by setting up a much-needed program. Between medical bills and credit cards, I had accumulated over $50k in unsecured debt. They worked with me to settle my accounts for a fraction of what I owed. This program was a lifesaver." -
James M.
"Their customer service is just awesome. They treat you like family. I was so lost on how to handle my debt but my debt specialist walked me through every step of the process. I always got fast responses to any questions I had." -
Theresa R.
"Amazing program! Excited about being 100% debt-free. I had nearly $20k in credit card balances that were financially crippling. Pacific Debt Relief negotiated multiple settlements with my creditors for a fraction of what I owed. I'm debt-free thanks to them!" -
Shawn P.
"Thankful to Pacific Debt for doing such a phenomenal job. They took all $15k of my debt and negotiated multiple settlements with my creditors. It's such a relief having this burden lifted off me." -
Denise W.
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