Welcome to Knockout Debt, your first step in debt reduction and debt help for financial recovery to avoid bankruptcy! Debt Reduction is a blanket term that basically just describes the process of reducing your debt. There are many different types of debt and a variety of ways to reduce it. Our reduction services offer consumers solutions for the elimination of unwanted credit card debt and other unsecured payments. There are several debt reduction methods available for unsecured debt. These include, but aren’t limited to:

Debt Consolidation Loans – A loan from a lender, bank, or other entity that you can get to pay off your other debts. Of course you need to be approved and would still have to repay the debt consolidation loan in full, plus interest.

Credit Counseling – A program offered where your payments are consolidated into one monthly payment and your interest rates ‘may’ be reduced. You’ll pay the credit counseling company a fee for doing so and they will in turn disburse your payments to your creditors. You will still repay your debts in full plus interest.

Bankruptcy – Truly a last resort, bankruptcy will eliminate all of your unsecured debt… at a cost. The cost is ruined credit for 7 to 10 years.

Debt Negotiation – Debt negotiation is a means to avoid bankruptcy while still repaying a portion of your debts. While it is not a positive for your credit, it is far better than a bankruptcy and can save your more money than credit counseling.

Debt Elimination – A well-advertised method where you essentially do not pay your creditors. This will lead to problems down the road and, as a result, many believe Debt Elimination is a scam.

Home Equity Loan – If you have equity in your home, you could apply for a home equity loan and use it to pay down your credit card debts. It makes financial sense as your equity loan will carry a lower interest rate than your credit cards. However, if you fail to repay your home equity loan, you could lose your home.

At Knockout Debt, we work exclusively for you, the consumer, to help eliminate your money problems and work out mutually agreeable settlements as quickly as possible. We do not work for the credit card companies or collectors that you owe, like most consumer collection agencies. And we do not employ any methods that will lead to additional loans, i.e. “robbing Peter to pay Paul”.

Even if bankruptcy seems like your only solution, it may not be the right debt reduction or debt help solution and may ultimately prove costly to you. We can help you avoid bankruptcy. Our credit card elimination method, debt negotiation, is rapidly becoming the preferred way of eliminating debt. In a bankruptcy, neither party comes out a winner. But in negotiation, the creditor still receives something and the consumer saves money and avoids the damage that a bankruptcy can cause. The negotiation of a settlement simply works. Knockout Debt has collectively saved its clients millions of dollars and has assisted many people in regaining control of their financial freedom. Let us help you do the same.

We offer a FREE debt reduction and debt help analysis with no obligation that could reduce your debts and help you save thousands of dollars. This can help you to get out of debt as quickly as possible while avoiding bankruptcy, save money, minimize or stop creditor harassment, reduce your monthly payments, and take back control of your finances. Our experts will negotiate with your creditors and eliminate your debts to free you from debt burdens. Typically we work with credit card debt, medical bills, store cards, department store cards, unsecured personal loans, back rent, and other unsecured debts.

Do you feel hopelessly trapped by debt problems? The loss of a job, reduction in pay, a divorce, or family medical emergencies can cause negative money issues. In the last 12 months, over 1.6 million chapter 7 and chapter 13 bankruptcies were filed in the United States. On average people have 8 credit cards with combined debts of more than $9,000. Debt can be overwhelming especially when the collection agencies constantly call your house and threaten the security of you and your family. Ultimately your decision whether to choose debt consolidation loans, credit counseling, bankruptcy, a home equity loan, or debt negotiation should be based on your own personal financial situation.

Call one of our experienced debt consultants now to find out how we can help you resolve your problems through the negotiation, reduction and elimination of your credit card debt. We maintain the highest of ethical standards and keep all of your information confidential at all times. With Knockout Debt, the client always comes first. If you have additional questions, visit our Q&A page for answers to the most commonly asked questions. Debt negotiation is not the best solution for everyone in debt. We will provide you with honest information to decide if debt negotiation or debt settlement is the best solution for you. It is our goal to help you avoid bankruptcy.