FIND YOUR PATH TO DEBT RESOLUTION
Green Path Solutions is committed to helping families improve their quality of life by freeing them from the burden of debt.
Green Path Solutions is committed to helping families improve their quality of life by freeing them from the burden of debt.
PERFORMANCE
We are honest, open, ethical, and fair. People trust us to adhere to our word.
Seek to continually simplify and improve processes, procedures and activities
Work across organizational boundaries/levels and break down internal barriers
Deal with people and issues directly and openly.
- Demonstrate a commitment to integrity and ethics
- Show respect for and value all individuals for their experiences, styles, approaches and ideas
- Listen to others for understanding.
As long as you are able to make minimum monthly payments you may feel you’re doing the right thing by continuing on that same path. But this just may be your worst strategy.
Credit counseling is a debt management program in which you make a single monthly payment to a credit counseling agency. In turn, that agency distributes the money to your creditors on your behalf, ideally at lower interest rates so you can pay off the debt faster.
With debt consolidation you take out a larger, low-interest loan and use that money to pay off your higher-interest unsecured loans. This leaves you making a single monthly payment that is – in theory – lower than what you were paying for all of your credit card and other unsecured loans.
Debt settlement differs from the first two options in that the actual principal balance you owe is negotiated downward. Because you end up owing less, debt settlement is generally a faster and less expensive debt relief option than either debt counseling or debt consolidation.
For the individual who cannot meet his or her debt obligations, bankruptcy may be inevitable. A formal declaration of bankruptcy stops the creditor collection process, and the debtor no longer owes some or all of the unsecured debt.
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