So, youre in over your head and youre considering a route known as debt settlement (debt negotiation), whereby your creditors will agree to accept less than the full balance owed on your accounts. Youve probably heard or read about many different opinions relating to debt settlement and youre not sure if this is the way you really want to go. Youre probably also questioning all that youve heard and are likely confused and unsure of whats fact and whats actually fictio…
Debt Settlement What The Experts Dont Tell You
Recently I had the opportunity to listen to a local radio personality talk about the process of debt settlement (debt negotiation). While listening to this so-called financial expert I became rather frustrated due to some very relevant omissions in his message.
Debt Help Services – What To Be Careful Of!
If you are behind you will most likely want the services of a experienced debt settlement expert. Often they may be able to negotiate a lower interest rate if your situation warrants it. Debt assistance is helps for anyone who has debt problems. Take action but don’t rush is a good rule when you are already in a mess do not to make it worse by a bad decision on who is going to assistance you.
Debt Relief For The Elderly And The Disabled
(Note: this is not to be considered legal advice, and it is dealing with the hypothetical average elderly and/or disabled person. Each case is unique and to determine the legal ramifications of your individual scenario you should consult an attorney.)
Debt Settlement And Your Credit
A relatively new approach to debt resolution, debt settlement or debt negotiation is the process of negotiating with creditors to lower the amount that you owe, typically by as much as 50 to 60 percent. A settlement offer is only attractive to a creditor when a consumer is behind on their payments. The reason why this is the case is that statistically a past due debtor is far more likely to either 1) file bankruptcy; 2) never pay the creditor at all; or 3) cost so much money …
Debt Settlement And Your Credit Score
Are you considering debt settlement, but concerned it may negatively impact your credit score? If a lower credit score is your main concern regarding debt settlement, read on for answers to some questions you may have.
Debt Settlement Companies Making The Right Choice
Debt settlement has become an extremely popular alternative to bankruptcy in recent years, and ads for debt settlement firms seem to pop up everywhere. So, if youre looking for a reliable and ethical debt settlement company to represent you regarding your overwhelming debt burden, where do you go?
Debt Settlement Company Myths
The landscape of the debt settlement (debt negotiation) industry has changed a great deal over the past few years, and as a result there is a significant amount of information circulating related to debt settlement that simply couldnt be further from the truth.
Debt Settlement Or Consumer Credit Counseling Which Path Should You Choose?
If your credit card debt is keeping you up at night, theres a strong possibility that youre in the process of determining which path would best suit you so that you can be free of debt and start living again. As a matter of fact, youve probably scoured the Internet for hours at a time, yet still find yourself confused and not sure if Consumer Credit Counseling is your best option or perhaps Debt Settlement may be your path to financial freedom.
Debt Settlement Negotiating With Your Creditors
Credit card debt in the United States is at an all-time high, and delinquency rates on installment loans, revolving credit and mortgages have experienced double digit increases, as well. Fortunately, most mortgages and installment loans arent subject to interest rate increases as a result of delinquency. This is not so with credit card debt.
Debt Settlement Realistic Expectations
It never fails to amuse me to hear critics of debt settlement warning those who are considering this form of debt relief that they may be facing a tax liability as a result of canceled debt. Even funnier are the warnings about the effect that debt settlement will have on your credit score.
Credit Card Debt Pay It Off Now
Whether youve used your credit cards to purchase gas, food, clothing, car repairs or luxury items, its crucial to pay your account balances off as quickly as possible to avoid paying an outrageous amount of interest.