Debt settlement Experts
If it feels like you’re over burdened with debt, than you probably are. If you’re knee deep in debt, cannot pay your bills and wish to avoid collection calls, you may consider debt settlement (also known as debt negotiation) services offered by Debt Settlement Experts. This is when you negotiate and reduce the outstanding debt by 40-60% of the amount you owe. The creditor forgives the remaining debt thereby helping you to get out of debt faster.
How Debt settlement Experts works
Debt settlement Experts offers a settlement program wherein we negotiate with your creditors/CA in order to settle the debt for less than what you owe. Our team of consumer debt consultants works individually with each client to help determine the program best suited for their particular situation and personal goals. We will set you up with an affordable monthly payment, which is determined on a client-by-client basis between you and a counselor. Based upon what you are able to pay each month into your settlement account, we can determine how many months you will be part of the program, and ultimately be debt free. Throughout the program, we communicate with your creditors on your behalf and soon you will no longer be dealing with burdensome phone calls and letters from your creditors. Debt settlement Experts maintains and continues to develop relationships with creditors throughout the country. By establishing cooperative and professional relationships with each creditor we are able to reach the most favorable settlement offers for our clients. Debt settlement Experts is independent company not affiliated with your creditors which means we work directly and 100% for you!
Our goal is to provide our clients with an affordable program to get back on their feet financially within 12 to 36 months and find a real solution for the strain and stress caused by debt. With honest and informative advice, outstanding customer service, and a proven debt settlement process we can ensure our clients become debt free quickly and comfortably and get back on the path of financial freedom.
WebsiteSource: Credit Card Debt Settlement Service
Watch the video related to debt settlement
www.CreditCardReliefFormula.org Which is better, bankruptcy or debt settlement? This short video gives you some excellent perspective. Draw your own conclusions when you watch who promotes bankruptcy and who talks about debt settlement.
Help answer the question about debt settlement
How do you check out the history of a debt settlement company?When researching debt settlement companies, how do you know the best one to use? It is a fairly new industry and most companies are 5-7 years old. How do you know they are reputable?
Stay away from them…..
Here is their disclaimer:
*Reduction estimates of 40-60% are indicative of past settlements. Individual results may vary and are dependant on successful completion of program and ability to save funds. Newpath Financial does not assume or pay any debt, nor does it provide legal advice or offer credit repair. Program not available in all states. Read and understand contract terms before enrolling
You get to pay them for absolutely nothing. They can't guarantee that it will work. They can't guarantee that your creditors don't turn around and sue you…. and they openly admit that the money you send them is not used to pay your debt….
This is how it works: They will tell you to stop paying your creditors at all and instead send them the money to be held in escrow. They let your accounts go into complete default (90 days no pay) and then attempt to settle your debts for less. The creditor at this point usually turns around and tells them to get lost and sues you in a court of law instead. When that happens… your debt settlement company goes: Oops….. it didn't work and usually runs off with all the money in your escrow account.
You be better off filling for bankruptcy. They might settle with all your debts but your credit card companies dont have obligation to talk to these people. Also if they will settle your account.. IRS will charge you with those accounts they settled as your INCOME..When you enrolled to this.. it will destroy your credit also because you are not making payments. Lastly, bankruptcy will only cost you at least $2,000 dollars for lawyers fee this program.. they will charge you.. at least 5g
How about if you don’t have 7or 9G to settle directly with the CC comp.? I think you are better of with a non profit settlement company. I did it now I pay 335 a month to them and that includes their fee of 50 a month even a non profit charges you something. But atleast am not pay theCC 640 a month no calls and hassle of worrying if my interest is going up. And stay the FUCK away from the CC voltures!
A few points, feel free to challenge:
1. If a person is unable to make even minimum payments, how will they be able to settle with the CC companies? Are the CC companies really going to accept lower payment terms without any guarantee of paying? That would be like extending even more credit to a person who who has already shown that they are completely incapable of paying.
It’s so good to be aware…. Thank you!
this lady doesnt have a clue, shes probably screwed up more peoples lives from this video than helped.
@brianedwards35 That make sense.
First of all: You CANNOT settle on a debt and ask your creditor to report it as PAID IN FULL! It will never happen!! I guarantee it! That is essentially lying!!!!! They will NOT DO IT! It will always be reported as settled for less than the full balance. But its ok!! Its better than a charged off account!!! 2nd: Make sure you seek out a non profit debt management agency through CCCS. They do exist! Do your research!!!!
First of all: You CANNOT settle on a debt and ask your creditor to report it as PAID IN FULL! It will never happen!! I guarantee it! That is essentially lying!!!!! They will NOT DO IT! It will always be reported as settled for less than the full balance. But its ok!! Its better than a charged off account!!! 2nd: Make sure you seek out a non profit debt management agency through CCCS. They do exist! Do your research!!!!
why worry about the stupid Fico score. is it really worth it to live beyond ones means? best remedy of all is to work harder and pay the debt off and never take on more than you can chew.