We know it feels sucks to be in debt. When in dire need to pay the bills, some people who don’t have enough money would just use their credit cards to deal with it. Without the ability to pay it later, they will be piling up their own debt. Turbo Debt is a company that settles the debts for you.
As you may know, debt is one of the main reasons for someone’s bankruptcy. In 2024, the average amount of debt Americans have is at a range between $20,803 – $146,164. Most debts in the US are usually related to student loans, which can be pretty uncontrollable at times.
The interests involved only make the debt much harder to pay off. And the longer they’re holding not to pay their debts, the amount will only be increasing. In this situation, people would often look for alternatives, and one of them is debt settlement.
Debt settlement is an act to resolve certain debts which allows the debitors to pay a lower amount. By offering a lump-sum payment, the debt may be canceled. There are a few ways you can do it, and one of them is through using the help from a company Turbo Debt.
In this article, we’ll explain what this company actually is, along with the features offered and how it works. See more in the sections below!
What is Turbo Debt?
Turbo Debt is a debt-settlement company that may help customers in dealing with their debts. They will provide a way to get out of the debt and assist in identifying changes someone can make to stay debt-free.
What’s nice about Turbo Debt is that they will make sure that you can be debt-free, and remain debt-free. Their experts will also assist and accompany you in the journey of rebuilding your wealth.
How Does It Work?
The way it works is actually simple. The first thing you have to do is to visit their official website. Once you are there, you may notice a significant button that tells about free consultation. Click the button, and enter the amount of debt you owe.
When filling in any information on this website, be sure that it’s actually correct and real. It’s really important as they will make a specific approach according to someone’s financial condition. If you can’t really be open about this, then they may find it harder to know your condition.
So, after setting the debt amount, the next step is to put many other details about yourself, including your monthly income, name, address, and personal contacts. Most of these parts are presented in multiple choices, so simply pick the ones that reflect your situation the most.
After filling in the information, you’re basically eligible for the debt relief program now. If you are indeed in terrible debt, their team will help you to deal with it in the most efficient way possible.
How Much Does It Cost?
At the start, you won’t be charged anything. Even the savings estimate and consultation can be accessed for free. The costs, however, will be charged after you join the debt relief program. Here’s the information about the fees in more detail:
Program fees
As you probably know, there will be some costs to be paid when you’re using the services provided by Turbo Debt. The costs may vary from person to person as it’ll adjust their financial conditions.
The first cost here is the program fee. The fee will be charged for the services regarding the counseling and account maintenance. As there are multiple TurboDebt providers, you may find the cost varies depending on the company you choose.
Usually, the debt amount will be tied to the enrolled debt at the start of the debt relief program. It could be 15% – 25% of the enrolled debt.
Savings requirements
TurboDebt also charges a few amounts for the saving requirements. Yes, they do have a system where the customers have to save up to a certain amount before starting to receive the benefits from the offer. Similar to the program fee, the amount of savings will also depend on the amount of your debt. And as for the percentage, it’s about 40% – 50%.
Creditor fees
As you work on settling the debt, the payment to the creditors still needs to be made. So, don’t forget about the creditor fees, including the interests, because as you make progress on the settlement, the debt period is still running in the background.
The Features
When you visit TuboDebt’s web page for the first time, you may notice that they offer something beyond the debt settlement. They have some notable features worth mentioning, such as:
Strategic planning
In order to effectively settle the customers’ debts, they will have to make strategic planning to consider what’s the best approach to take according to their financial conditions. This is the reason why it’s important for you to be open about your own financial conditions when asked during the initial step of the debt settlement process.
By giving them detailed information, the expert team at TurboDebt will try to make a solution and best approach by designing a strategic plan.
Advising
While making and conducting the steps according to the previously made strategy, TurboDebt will continuously be giving you advice on how to remain debt-free after the debt is finally settled. Debt is a dangerous thing as it can be pretty addicting. So with their advice, hopefully, you can maintain a healthy financial lifestyle that won’t put you into debt again.
Consulting
Customers may have a lot of questions about things related to their debt settlement program. Therefore, TurboDebt also provides free consultations that will directly connect the customers with the experts. Aside from providing the necessary information, they can also offer guidance and realistic strategies to help you reach your financial goals.
Conclusion
With all the explanations we said above, we are confident to say that TurboDebt is actually legit. Their services to help customers deal with their debts are indeed very helpful in many situations.
Another interesting thing about TurboDebt is the fact they’re offering beyond just debt settlement. They will also help the customers to remain debt-free while giving recommendations on how to make their financial dreams into reality.
