subject: Your Debt Settlement Counseling - A Legitimate Option If You Can't Afford Your Payments [print this page] Your Debt Settlement Counseling - A Legitimate Option If You Can't Afford Your Payments
When your income gets less by the day, you need to come up with solutions to save your family from their own financial crisis. Not only the country is going through it, but millions of people are suffering every day. The economic crisis has made the income get lower, people losing their jobs, and prices go high. The only thing you can do now is cut the expenses and make sure that you save some money. But how can you do that when you already have a lot to pay to your creditors? You can try one of the methods available that will definitely get your debt cleared in a fast and efficient way. One of those methods is debt settlement and it helped a lot of people like you, who couldn't afford to pay those installments each month.
If you want to make things perfect with your settlement you need to make sure that you hire a good company. That's right, you need to hire a company for debt settlement. Doing it by yourself might be risky and you will probably obtain a very small reduction. With a debt settlement company the reductions start from 40% up to 70%, so it's definitely worth the fee you are paying.
Make sure that you also have made the right decision regarding your financial situation; if you are not eligible for debt settlement you need to come up with a different plan. People who can file for debt settlement are only the people who have ten thousand dollars of unsecured debt, if you have less or your debt is secured you need to find another debt relief method. Experts advise you to pay in lump sum if you can, this way you can get rid of the interest rates and additional fees your creditor is asking when paying in installments. You will definitely get more of your debt reduced if you do that, so consider borrowing from friends or family an option after the settlement process.
Financial settlement was never as popular as today although it exists since the 80s, the government made sure that people all over the country hear about it and use it as a method of debt relief instead of filling for bankruptcy. Why not benefit from financial settlement yourself and find a company today to represent you?
Debt settlement is a viable alternative to filing bankruptcy. Most consumers are able to eliminate at least 60% of their unsecured debt while avoiding many of the negative consequences with filing bankruptcy. If you are over $10k in unsecured debt you will be eligible for debt settlement.
