Debt Settlement Company?

Question

I have been looking to find a debt settlement company that will reduce my debts and help me to be debt free in about 24 months. I know that my credit will be affected but i don't intend to use my credit for any large purchases for about 4 more years. After all my good credit only seems to be getting me into more debt trouble and I couldn't afford to get any more credit anyways right now.

Answer 1

Debt settlement companies have a variety of different ways to prove their legitmacy. USOBA and TASC are both independant regulatory commissions that provide the guidelines to the debt settlement companies in order to help them and their clients with crisp information for the settlement process.

Debt settlement is for consumers that are already in a hardship situation and it is the only recognized alternative to a bankruptcy. Many judges in CA, NJ, NY, OH, IL, AR, AZ, and MA have sent consumers out to debt settlement companies such as http://www.fdnsolutions.com and http://www.1800debtsettlement.com in order for two things to happen. The first is that the consumer can avoid the disaster of the bankruptcy remaining on the consumer's public file forever with the new BK law. Secondly according to the payment structure set forth in the new BK law the payments in the BK are in most cases higher than the payments in a BK. The settlement process can be risky and actual results may vary but the negative consequences of a BK are for sure.

The main reason to seek out debt relief through debt settlement is to increase the available cash flow in your household. That is for sure when you will know that a debt settlement company is right for you.

Answer 2

You should definately do some research and see if this is something that you can try to take on by yourself. The settlement process can take 12-36 months and you need to be able to negotiate with the collectors working for your creditors and be able to understand their tactics in collecting as much as possible for their client, the creditors! The more they collect, the more the collector makes!

There are legitmate debt settlement companies out there that will help you accomplish favorable settlements. These companies can prove their work with sample letters such as

http://www.apexdebtsolutions.com/debt_settlement_letters.php

It is true that you will pay a fee for the service but you have to consider the process involved in reaching a settlement with your creditors and whether you could accomplish the same on your own. If you qualify a legitmate debt settlment company will create an affordable schedule of payments and get you out of debt in 12-36 months depending on your current debt amount and your disposable income.

Answer 3

I advise against going with a debt settlement company. There are enough books and free sites that you are better off doing it yourself. The money you save by doing it yourself, can be used to pay your first debt. Please see the link below it has useful information and sample letters to send to creditors. Good Luck! If you have Quicken, there's a debt payment plan which will help you decide which bills to pay first so that you save on interest charges.

Answer 4

As an proprietor of a contract company I listen the " rip-off accusation" prevalent. It makes me favor to pull my hair out. Debt contract is tremendous for the right human being/ the right company. Your going to get a good number of people throwing out critiques and playing like they're experts. None of which has any variety of tangible understanding or authentic adventure contained in the debt, credit or banking market. interpreting a e book and searching up some internet internet sites does not an expert make. walk remote from a severe rigidity sales human being in this market. even as utilizing a contract company make confident they grant you with finished disclosure and inform you each and every thing.,,,, particular for your state. study. Ask a good number of QUESTIONS.. even as it come to this market there is not a unmarried dumb question.. One enormous question to ask is ... who's your decrease back workplace, how lengthy have they been round. the biggest lie I listen is that your debt contract company will and may make your lenders give up calling. If someone says that to you carry up the phone. they're mendacity Calls may be managed yet not eradicated. I have considered circumstances the position debt replaced into settle everywhere from( not the norm) 12 cents on the dollar to a lot as 80 cents on the dollar. there are a good number of factors in touch with the quantity it really is agreed upon contained sooner or later contract. Please be at liberty to digital mail me any questions you've gotten i might want to be at liberty to make confident you've the the finest option solutions and by no potential only a tremendous sales pitch from a debt analyst attempting to get your account. Kourtnie Donihoo Prosperity monetary

Answer 5

There are many debt settlement company which offer a great services to get rid from debt easy and fast way to their clients. Performance Settlement is one of the best company choice for you to get solution for your debt settlement issues. You should contact to them for getting your debt solution.

Answer 6

pay off your debts yourself, read up and research credit, credit reports, etc as this is the largest, most important thing in your life to make your life good.

do not go to a credit agency as all they do is take your money and make you get into deeper debt.

just google it all....every answer you seek is on the web.