It can be difficult to manage your finances when debt starts piling up. Often, the financial burden becomes so overwhelming, you don’t know what to do.
At Faber, we believe the first step to solving your financial debt, is acknowledging it. Calling us for a free, confidential consultation is one way of doing that. From there, we will give honest feedback and offer solutions that are realistic for your specific financial situation to make your payments more affordable and eliminate debt. Most importantly, we’ll give you the tools to learn how to get—and stay—out of debt.
Check out these resources to learn more about the different types of debt, and the collection activity that creditors initiate when a default in payment occurs.
There are two basic types of debt – secured debt and unsecured debt. Understanding the difference between the two types of debt will help you determine the most effective way to manage your debt.
Thank you very much for all your help and giving us pointers.Marguerite and Jeff