Too much personal debt? stop collection calls and fight back to eliminate bad debt

Too much personal debt? stop collection calls and fight back to eliminate bad debt

Are you worried about too much personal debt? Are you facing collection calls which are harassing you personal metal peace? Want to get rid of your bad debt? The best option at your disposal is to go for debt settlement. With settlement, you will be able to eliminate at least 50% of the debt that you have and you will find that your credit score is restored once the settlement is complete. There are some requirements of settlement that you need to fulfill if you want to go for debt settlement. These are mentioned below:

You will need to have an overall unsecured debt of $10k or more.

The debts need to be consolidated in one place to minimize time and cost of settlement.

You need to hire a professional debt settlement company to ensure better results compared to self arbitration.

Once these are fulfilled and you hire a professional company, the professional negotiator will send a letter to the creditor stating that you will not be able to repay the entire due in full because of financial trouble. The proof of financial trouble will also be mentioned and attached. This letter will ensure that no legal steps are taken by the creditor once you stop paying the lender on the advice of the negotiator.

After you stop paying, the lender will sell the debt to a collection agency but before that, the lender will wait for 3-4 months. The lender sells the debt at a bare minimum of 20 cents to 30 cents per dollar. This is a loss for the lender but the lender agrees to the demands of the collection agency.

The negotiator keeps track of every move made by the lender and when the lender signs the agreement with the creditor, the negotiator contacts the lender and says that the consumer (you) is willing to repay 30-50% of the debt in lump sum provided the creditor wipes off the remaining amount and gives a clean cheat on the debt. The negotiator also professionally notifies the lender that you will be filing for bankruptcy if the lender declines.

The lender finds that the new deal will be far more beneficial and hence agrees and wipes off at least 50% of the entire due. This is how you stop collection calls and fight back unsecured bad debt and lead a financially stable and trouble free life. Act wise and act fast!

Debt settlement is a viable option to filing bankruptcy and is becoming increasingly popular amongst Americans with over $10k in unsecured debt. Creditors are ready to negotiate. You can literally eliminate 50% of your unsecured debt with a settlement.

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