It's important to know that a true hardship is defined by the debt holder. It is no secret that currently financial institutions have built a business foundation on "slight of hand" tactics. To many families have fallen victim to hard to understand contracts, inadequate public education on financial matters, basic manipulation. This is the source of the severe financial hardship that most people are facing today. For example the federal reserve is a private bank that we pay 25% of our personal income to. Know private banks own shares of stock in the Federal Reserve but that still does not allow a private bank automatic access to our income does it? Corporations and financial firms specifically need to be regulated to allow a benefit for both parties entering into the business agreement. If you are facing something drastic in your life for example a medical disability that prevents you from working or a death of a family member, or the company that you worked for 25 years has done a lock out and you are out of work than you are facing a drastic severe financial hardship that needs to be addressed. 

   

            Some solutions that you may want to consider if you are looking at a severe financial hardship are to follow. However before we get started  just know that you make money money does not make you. You may have a family that is counting on you to make things happen, you may be a retired widow, or you just may have been foolish with your credit and know you got sick and can't pay everything you owe. Whatever the case is you are more than your assets remember that the love you can give to this world is priceless so don't lose faith. If you have worked for a company that gave you a 401k and you are in a legitimate severe financial hardship that you may want to look into a 401k financial hardship loan. This basically is a loan that you can get based of a percentage of the accumulated 401k balance. This usually can be done with proof of a hardship however you will be paying some penalties depending on the investment tool you are in or bank you are with. If you are in a sever financial hardship you may want to consider writing a financial hardship letter to your creditors. It may have been true in the past that creditors would not care or offer any type of hardship program however today that is not the case and many banks are offering hardship programs based on a sever financial hardship. Also you may want to look into financial hardship grants these typically are given from F.E.M.A. in the midst of emergency situations such as hurricane Katrina. Personally I would not want to take anything from the Federal Government. Another option that I will give you a wink and a nudge on is the L.I.R.A. or locked in retirement account. If you are having a financial hardship and have a L.I.R.A. you may want to consider a lira financial hardship. Ways exist to take advantage of your lira account if you are facing a severe financial hardship. Yet another option if you have one is the superannuation financial hardship solution. This again would require a severe financial hardship to access for you financial benefit.

    The number one solution however to getting rid of the obligation of debt under a severe financial hardship is debt settlement. I know this from personal experience. I have seen marriages come  back together when the debt is gone. I have seen children begin to bond with parents again as funds are now available to do simple things like camping, or a Sunday movie. Many opportunities to improve one's life can come out of a severe financial hardship if you know what to do under the current circumstances. We have found several debt settlement firms across the nation that specialize in reducing unsecured debt such as credit cards down to 10% to 30% of the original owed balance. I want to confirm that this is not a reduction of 10% to 30% but this is what you are paying from the balance on average with these firms. They have solid connections at multiple financial institutions that allow them to negotiate these types of settlements. If you have a severe financial hardship simply fill out the form below and you will be contacted within a few hours by a debt settlement professional that can help you with your questions.