CAN YOU TRULY “ERASE” DEBT? Are you over your head in debt? Can’t pay your bills? Are you getting harassed by collection calls? If so, you may be a candidate for a professional debt settlement service (also known as debt negotiation). A professional Debt Settlement service works for you to negotiate and reduce your unsecured debt. In essence the Debt Settlement service negotiates with your creditors on your behalf to get your creditor to forgive your remaining debt (on average about 40-60% of your unsecured debt). The obvious advantage here is that you get out of debt faster.
Four Benefits of Debt Settlement (or Debt Negotiation)
1. Avoid Unfair Collection Practices: Getting an a professional Sebt Settlement service working for you will go a long way towards avoiding unfair collection practices and harassment by debt collectors. They know the rules of the game, including the ways that debt collectors bend (and break) the rules to violate your consumer rights.
2. Eliminate Extra Charges: Perhaps you’ve racked up a number of late payment fees, over-the-limit fees, excessive interest charges, etc., on your credit cards and/or other unsecured debt. A professional Debt Negotiator will work on your behalf to eliminate much or all of those fees (typically more than an individual can do on their own).
3. Make Single Payments: A component of getting out of debt without bankruptcy through a debt negotiation service is simplifying the entire debt payment hassle into an affordable single monthly payment. Such monthly payments are accumulated in a trust account for the purpose of ultimately paying off your creditors after your debt has been partially forgiven and erased.
4. Avoid Bankruptcy: For many individuals, avoiding bankruptcy is the primary benefit of taking advantage of a professional debt settlement service. Since a large percentage of your debt is forgiven and since the remaining debt is paid, you end up with less debt, a workable time to pay the remaining debt and all of it is administered without bankruptcy.
Not everyone is eligible for debt settlement services, so you’ll need to speak with a debt settlement professional to get all the details and see if your circumstances can benefit from such services.
If you want to learn more about the details of debt settlement and find out if your circumstances qualify for debt negotiation services, click “Contact Effective Financial Solutions” for a free and no-obligation personal debt consultation.