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...

Many "experts" say:

Generation Z doesn't save money. They will soon be deep in credit card and student debt.

Millennials are deep in credit card debt. Many are living in perpetual credit and student loan debt.

Generation X doesn't save for retirement. They might not live in debt, but do use credit cards for vacations and special events.

Baby Boomers avoid risk. They don't take on debt as a rule. But, medical debt can hit them as a surprise.

A lot has been written about generations and debt.
While generalizations may have some truth to them, at DCA Rise Beyond Debt, we see everyone as an individual.

You are more than a stereotype or a statistic.

Whatever your generation, we are here to help you get out of debt. 888-984-2322.

Image by Cmglee.

Many parents are drowning in student debt while putting kids through college.

The Daily Herald reports that parents borrow 1 out of every 3 dollars of federal undergraduate loans.

$103+ billion in loans

3.6 million borrowers.

9% default rate within two years of leaving school.

Many parents have called DCA with challenging situations.

One parent called in saying she borrowed $42,000 a year for 4 years ($168,000 plus interest) because she want to give her daughter the best education she could afford.

At the time, Mary just got a promotion as the hotel manager at a leading resort.

She was making a six-figure salary, and thought little of taking on the debt.

Then Corona came. She lost her job, and is still unemployed.

She has a hard enough time paying her own bills, let alone her daughter's college debt.

She started using credit cards just to pay for basic necessities.

Her situation got worse.

The student loans, interest and credit cards had ballooned into $250,000.

She contemplated bankruptcy.

A friend suggested that she turn to DCA.

We negotiated with her lenders, and cut $210,000 off of her debt - leaving a balance of only $40,000

We even got her a payment plan for the remaining balance.

If someone you know is facing student debt, suggest that they call us today. 888-984-2322.

Pay for your kid's college? 3 times to think twice About 1 in every 3 dollars the federal government lent for undergraduate education last year were in a parent's name. But parents who want to help their children pay for college often fail to do the math.

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.

Should you use your 401(k) to pay off credit card debt?

CNBC says that paying it off now will save you a lot in interest, but beware of taxes and penalties.

They don't want you to know about slashing your debt by negotiating with the credit card companies.

We cut credit card bills in half everyday. 888-984-2322

Should you use your 401(k) to pay off credit card debt? What the experts say Those with persistent credit card balances may be tempted to dig into their retirement savings to knock out the debt.

The National Education Association found 42% of teachers with over a decade of experience still have student debt.

45% of all teachers have student debt, hindering their ability to build up emergency savings.

This debt is putting retirement in jeopardy for both older teachers and teachers aged 18-35.

The 'astronomical' increases in student debt are keeping 42% of teachers with over a decade of experience from paying off their loans A National Education Association report found nearly half of teachers have student debt. It's impairing retirement, savings, and going to the doctor.

College Students with Medical Bills

Shay Webb, 22, a University of North Carolina-Wilmington graduate student earning a master’s in clinical research and product development, thought she was covering her bases when she purchased a university-sponsored policy in 2017 as an undergrad.

She got the policy to help offset the out-of-pocket expenses for her Type 1 diabetes not covered by a parent’s insurance policy.

After moving onto campus, Webb was diagnosed with rheumatoid arthritis.

She believed the student policy would help cover her increasing medical expenses.

Several months later, she learned her claims weren’t being processed.

The insurer told her it would not pay the claims because she was not attending class in person even though she had remained a full-time student, lived on campus and had no say in whether classes were online or in person.

The online program was part of the university’s effort to simulate the real-world experience of professionals in her field.

“I was just in shock,” Webb said. “No one had ever told me.”

Webb and her family were left with thousands of dollars in unexpected medical bills.

Headed Away to School? Here’s What Students With Health Issues Need to Know College and grad students with chronic health conditions as common as asthma and diabetes may need to clear hurdles to make sure their health needs are covered by insurance if they go to school far from home.

Bradley T. Klontz, Psy.D., CFP is an expert in financial psychology, behavioral finance, and financial planning.

He tells CNBC "We develop money scripts – our beliefs about money – in our attempts to make sense of our financial flashpoints.

Many of our scripts around money lie outside of our conscious awareness.

They are passed down to us by our parents, our grandparents, and our culture.

They are like scripts in a play, often written for us by someone else.

Some of these scripts serve us well while others set us up for chronic financial failure."

At DCA Rise Beyond Debt, we help people overcome their beliefs about debt.

We negotiate with credit card companies to reduce balances everyday. Call us at 888 984 2322 today.

Op-ed: Why your financial problems make perfect sense to a psychologist To straighten out our twisted financial lives we need to first understand our relationship with money. This is where your financial psychology comes in.

Alex Kearns committed su***de because he though he owed $750,000.

If someone you know is struggling with debt, we can help. Call us today at 888 984 2322.

Alex Kearns died thinking he owed hundreds of thousands for stock market losses on Robinhood. His parents have sued over his su***de. In the wrongful death suit, Alex Kearns' parents accuse the company of targeting unsophisticated traders like their son.

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.