Has anyone used http://www.fdnsolutions.com
2006-11-09 04:59:21 · 2 answers · asked by Debt Advice 1 in Business & Finance ➔ Credit
Debt Settlement is a method of debt relief that is different than Debt Consolidation and much less costly than CCCS. Debt settlement can also help you avoid bankruptcy.
Debt Consolidation Loans historically have provided a sense of false hopes to consumers looking to get out of debt. Debt consolidation loans do not actually pay off the debt rather you are transferring the debt from one institution to another. Since the overall amount of debt that you have remains the same the payments remain the same in addition to the high interest you will pay.
CCCS is also known as Consumer Credit Counseling Service is a service that is provided by non-profit agencies that allow you to pay a fee to them in return for their services. CCCS programs require that you payback the full principle balance that is owed to the creditors in addition to the interest rate and monthly service fee the agency charges for making your payments for you. If you can afford to pay someone to pay your bills then you don't need any debt help at all.
Debt Settlement programs can help you to drastically decrease the overall amount of debt that you currently owe. Debt settlement can reduce your monthly payments increasing your household cash flow and reducing the stress that comes along with debt. Most often Debt Settlement is an alternative to over-extended consumers looking to avoid bankruptcy.
Debt Settlement will work for you to reduce your monthly payments by about 30-50% of what you are paying monthly now. We will help you establish a savings goal so that you can actually pay off your debt within 12-36 months depending on your situation.
Once you have begun to make payments that are more comfortable for you in the debt settlement program we will then work to reduce your debts up to 40-60% of what you currently owe.
Debt Settlement can help you to accomplish your goal of getting out of debt soon so that you can work on other financial goals.
2006-11-09 05:02:34 · answer #1 · answered by Anonymous · 1⤊ 0⤋
When a business owner has run into a situation where he or she has accumulated too much debt and bankruptcy is not a desirable road to travel, he or she might want to consider seeking Business Debt Settlement. In business Debt Settlement, an agreement with creditors is reached to pay the debts, sometimes at a lower price than the original debt. Business Debt Settlement can be a great alternative to bankruptcy
2014-03-07 01:00:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It is where you have not paid for a debt and it is on your credit report and you can settle with the company for less than you rightfully owe. They can keep on adding interest till the debt is paid. You can make a new settlement arrangement to pay off in a different amount in a different way and it will be marked as setteled on your credit report.
2006-11-09 05:04:48 · answer #3 · answered by dean-propps@sbcglobal.net 2 · 0⤊ 0⤋
A debt settlement program seeks to lower the interests on your present unsecured debts so that it is easier for you to become debt-free in a few years. The debt specialists will negotiate with your creditors to lower your debts. Please follow Paul Paquin from Golden Financial Services to find out more!
2015-09-02 01:23:37 · answer #4 · answered by Andrew 1 · 0⤊ 0⤋
Debt settlement, also known as debt arbitration, debt negotiation or credit settlement is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. Debt settlement comes only into play only when you have many late or skipped payments and possibly collections accounts. However, it doesn’t work for many people, and may just prolong your financial pain. It won’t stop late fees, collection notices or even threats of being sued while the process plays out. I suggest talking directly to professionals like.
2017-04-06 01:24:27 · answer #5 · answered by Lucy 1 · 0⤊ 0⤋