Money Park. Debt Power Down Service.

The majority of the debt reduction programs that you hear advertised on the radio and TV are completely different from the Debt Power Down services offered by MoneyPark. So what are the differences?

The two most common programs out there are Debt Settlement and CCC or Consumer Credit Counseling (sometimes referred to as “Debt Management”). While these two popular programs utilize different methods they both focus only on credit card or unsecured debt and they are both considered “hardship” programs.

Hardship means they are for people that have fallen behind on their payments because they have lost income or some other hardship. These programs do have a negative impact on your credit report but not as long lasting impact as bankruptcy would have.

Debt Settlement and Consumer Credit Counseling programs are really for people headed for bankruptcy but looking for alternatives that may allow them to avoid bankruptcy. If you are in this situation we are happy to consult with you and make a recommendation to a reputable hardship company.

MoneyPark’s Debt Power Down program is very different and is not a hardship program. With MoneyPark your credit report is never hurt in any way and only improves as your debt-to-income ratio improves. Our service makes it much easier for our clients to pay down their debt quickly so they can put a stop to paying interest and get started on earning interest! We focus on all debt including car loans, mortgage loans, student loans, credit cards, personal loans, medical bills and any other debt that may be hanging over your head. You can receive a free consultation and analysis by completing the online free analysis form.