Our network of experienced debt specialists and services are full of people who have maintained a long-term commitment to helping others handle consumer debt and deal with credit struggles.
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Add your company if you provide the following services and / or programs:
· Consumer Credit Counseling
· Consolidation Loans
· Debt Settlement
· Financial Consulting Firm
· Debt Consolidation
· Debt Negotiation
· Bankruptcy Services
· Debt / Interest Rate Reduction
· Mortgage Refinancing
· Loan Modification
· Mortgage Arbitration
· Mortgage Broker
· Financial Advisor
Debt Settlement
Debt Settlement Solutions
Debt settlement is a completely legal solution for consumers who are in deep debt and trying to Avoid Bankruptcy. Creditors would much rather agree to settle your debts out of court rather than have you file bankruptcy and not get paid at all, plus pay lawyer and court costs.
In exchange for an agreed-upon one-time payment -- typically, between 20% and 75% of what you owe -- the creditor forgives the rest of your debt and starts reporting it to the credit bureaus as settled. In the meantime, it is your responsibility to put money aside toward the settlement and stop making payments to your creditors. On your Credit Reports, the balances of settled debts will show $0. Yet, any previous history of delinquent payments or charge-offs will remain on your report.
Not surprisingly, creditors don't like to advertise Debt Settlement. They also make it an extremely difficult solution to pursue. As a rule, creditors won't negotiate with consumers who are current on their bills, often refusing to discuss settlements unless you're at least two to six months behind. If this sounds like your current financial situation, use this site to locate a debt consultant in your area.
