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Debt settlement companies' methods are legal, and ethical. Sometimes we find ourselves in a difficult situation. We want to pay our creditors back, but we just don't have the money to do it. We won't qualify for a debt consolidation loan. Will I have to live with harassment by the companies we owe money to, and the stress of not being able to do anything about it?
Unlike management and consolidation, debt settlement treats the cause of the problem – the size of the debt. Your debt settlement representative will utilize two tools:
Especially when a debt is in collections, there are clear laws about how a collector may proceed. In many cases, the collector does not have the legal right to collect a debt. Your debt settlement representative will identify those and get those debts either canceled or reduced.
But when all parts of a debt have proven legal, the debt settlement representative will negotiate a reduction in the total balance. Creditors are often willing to do this when they fear that the customer may declare personal bankruptcy or continue to not pay until the statute of limitations is reached.
So combining legal challenges with mutual agreement, a debt settlement company can significantly lower the total debt.
Absolutely. It is not meant for everyone. But for those who are undergoing financially challenging times, debt settlement may be the perfect solution. The challenging phase of disputing illegal debts is done by lawyers. The negotiated settlement is by mutual agreement.
Of course it is proper to pay your debts in full, if you can. But if you can't, you can proceed to debt settlement without worry. Credit card companies carry insurance precisely to cover debts that they won't be able to collect. If they agree to reduce the debt, that means it makes sense for them as well.
Reputation and lots of customer satisfaction. This site carefully checks the programs we affiliate with to make sure that their reputation is solid. A company should have a strong Better Business Bureau rating, as well as a preponderance of positive customer feedback on neutral review sites.
Make sure that you have the right to accept or reject a proposed debt settlement before you commit. Make sure that the settlement saves you far more money than the monthly fee that the company requires. Finally, make sure that you have the ability to meet all of the new payments and successfully finish the program.
We are able to provide this service through CuraDebt, one of the top three rated Debt Settlement companies. Call them at at 1-866-603-6980 (9AM to 8PM Eastern time) for a free telephoned Debt Evaluation. Or click here to apply on their site.
To be eligible for CuraDebt, you must have $10,000 or more in debt and be able to pay $200/month. CuraDebt does not operate in the following US states: CT, DE, GA, HI, ID, KS, KY, LA, ME, MT, ND, NH, NJ, NV, OH, OR, PA, PR, RI, SC, TN, UT, VT, WV and WY.