Weighing the Benefits of Debt Settlement

credit solutions and other types

I am looking for a legit credit/debt reduction and settlement company. what red flags should I be aware of? I am considering a company that wants access to my svings account to with draw 100 dollars/month and is promising to lower my debt by 40-60%. Tey ave instructed me NOT to pay any more monthly bills on my credit cards and that the finance charges and LATE payment history that will show up on my credit report will have an impact but not as great as I would have expected. Shoule I just try and contact my creditors myself and negotiate on my own behalf or pay 3,000 dollars over the course of 12-24 months to let some one else do it.....and how do I know that they will actually pay my debt off.....really need help here.! There are SOOO many companiea like this out there. sincerely, denise b.

denise of MO @ Nov 01, 2009 07:34:31 AM

benefits to the consumer

debt settlements have been proven to be the the fastest growing and most effective tool to becoming debt free. The only way a debt settlemnt company makes money is by saving the cosumer money. Tjhe program lowers your principle debt to 55 cents on the dollar and completl elinates your interest to 0

For more information please feel free to give me a call at 888-688-1709 ext 2119.

Steve Hillman

steve hillman of FL @ Oct 30, 2009 11:21:53 AM

Debt Settlement is the quickest and least expensive form of debt relief outside of bankruptcy.

Debt settlement program Debt Negotiation Program Bankruptcy, credit crad debt or any kind of debt will be settled with the apropiate Debt Management Program. Negotiating over the price of a purchase could be called Debt Negotiation, and a few people realize there is a debt solution that puts you in the ball game and levels the playing field between you and your creditors.

Debt Settlement, also known as debt negotiation, is a form of debt consolidation in which the debt settlement company consolidates, and negotiates all your unsecured debts for a low flexible payment. Become one of our satisfied clients, you have nothing to lose but your debt.

jackfleming of ND @ Oct 22, 2009 07:17:14 AM

Offering Debt Settlement with Class!

You're Making Enough Money in Loan Modification to Pass Up Being a Debt Settlement Affiliate Net Branch Office?

"But You Can't and Here's Why"

As debt settlement statistics tell us, if you're doing really well with loan modification, diversify, and fast, as debt settlement services are needed on a 10 to 1 basis and, there's a double dip in it for you. Imagine, you're able to not only save your clients home, but settle their debt for as little as 50% on the dollar. It's like being saved by a Lifeguard!

Moreover, the value of simultaneously providing debt settlement to your client, so they can more concernedly modify their loan is invaluable. DTI Baby - get their DTI down by settling your client's debt first.

If you're unable to get your clients' mortgage modified because their debt to income ratio is too high, go back over their credit report and add up all of their un-secured debt - credit cards, hospital bills, etc. The summation of these items can average $22,000 and more per deal.

Hello - what you just added up (this $22,000) is the "Debt Settlement Industry" and with fees averaging as high as 8%-10%, it's got enough commission income structure in it to not to walk away from. FYI: the average fees charged to the client, industry wide, is 15%, but the average payout to an affiliate office is 7 1/2% to 8%.

Think about it, you've got the client in your hand, relying on your expertise to save their home, modify their loan, and without blinking an eye, you have one more way to make that possible.

Let's take a closer look;

Read the Full Article: http://www.merchleads.com/debt_settlement_news.html

Richard Preisig of CT @ Jun 16, 2009 15:59:58 PM

Debt Settlement

If a consumer wants the best debt settlement representation possible, they need to hook up with a "debt settlement attorney". Attorneys charge the same or even less than most non attorney debt settlement companies. Plus, it's a Federal violation for debt collector to contact a client represented by an attorney. And being in a debt settlement program, you will receive debt collection calls... and they can be vicious. Bottom line... hire an attorney.

BarbaraG of FL @ Jan 27, 2009 18:43:48 PM

Debt Settlement

The most popular solutions to the problem of heavy debt burden is to get a debt settlement or file for bankruptcy. Among these two debt settlement is preferred as it has a relatively less impact on credit report. In this article we assess the benefits and drawbacks of debt settlement.http://www.crusaderservices.com/

avin of AR @ Jan 10, 2009 01:07:12 AM

Family Experience with Debt Settlement USA in AZ

My father in law ended up in a lot of credit debt and he tried to rescue himself using Debt Settlement USA in Arizona. It's funny the Jack Craven often speaks about debt settlement and even pushes for more regulation. My father in law had over 50K in credit cards and enrolled with Debt Settlement USA. He pays almost $800 per month and $600 of it is taken as fees for Jack Craven's company for the first 11 months then the fees reduce. The payments go into an escrow account where the fees are deducted monthly. We came to later find that the creditors have already sold off the bad debt to collection agencies for pennies (6 cents) on the dollar. We could have simply negotiated a settlement with the collection agency to pay 25% of the debt. Now, there is no guarantee that the collection agency will actually settle with Debt Settlement USA and my father in law could still end up being sued after all the payments are made for 3 years. By then, there would have been almost $10,000 in fees taken out by Debt Settlement USA. Does this sound like a valuable service? Most "For Profit" Debt Settlement/Debt Relief industry are preying on those at the end of the rope. I hope we get some govt regulation soon.

Stan of WA @ Jan 08, 2009 17:56:46 PM

Family Experience with Debt Settlement USA in AZ

My father in law ended up in a lot of credit debt and he tried to rescue himself using Debt Settlement USA in Arizona. It's funny the Jack Craven often speaks about debt settlement and even pushes for more regulation. My father in law had over 50K in credit cards and enrolled with Debt Settlement USA. He pays almost $800 per month and $600 of it is taken as fees for Jack Craven's company for the first 11 months then the fees reduce. The payments go into an escrow account where the fees are deducted monthly. We came to later find that the creditors have already sold off the bad debt to collection agencies for pennies (6 cents) on the dollar. We could have simply negotiated a settlement with the collection agency to pay 25% of the debt. Now, there is no guarantee that the collection agency will actually settle with Debt Settlement USA and my father in law could still end up being sued after all the payments are made for 3 years. By then, there would have been almost $10,000 in fees taken out by Debt Settlement USA. Does this sound like a valuable service? Most "For Profit" Debt Settlement/Debt Relief industry are preying on those at the end of the rope. I hope we get some govt regulation soon.

anon of WA @ Jan 08, 2009 17:54:46 PM