Sunday, February 14, 2010

Debt Settlement Works!

Debt settlement will work for you if you have credit card debt or unsecured loans that you cannot pay off. An unsecured loan is any type of loan that does not have property attached to it, for instance a mortgage is not an unsecured loan because it has the house attached to it.




Credit card companies and loan companies usually agree to debt settlement because it shows them that you intend to pay back the debts on your loans and not file bankruptcy. When you file bankruptcy, creditors risk losing all the money they lent you.

Loan companies and credit card companies usually agree to debt settlement after you have missed several payments. They are scared you will not pay back any of your debt, and that you are preparing to file bankruptcy, so they want to get the most out of the debts that they can. If you have been able to make minimum monthly payments, though, most creditors will not agree to debt settlement.

Debt settlement is also a good solution for them because it keeps them from hiring a debt collection agency. Those agencies charge a lot of money just to get back what you owe the creditors, so they would rather avoid spending any more than they have to.



Why should you ask us to help with getting you out of debt instead of doing it yourself? Because we already know how to do it, and our success rate with debt settlement is huge. We have already built up a relationship with most credit card companies, so we can come to a settlement agreement more quickly than you can alone. We’ll also secure a better rate than you can do if you’re acting alone. While our debt settlement department works on your behalf, our debt counseling department can give you tips on how to manage your debts and prevent the same situation from happening again.





Contact us today to get help with debt settlement.

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