subject: Do-It-Yourself Debt Settlement - Is it Really Possible to Settle Debts With No Help? [print this page] Do-It-Yourself Debt Settlement - Is it Really Possible to Settle Debts With No Help?
People have been facing problems due to massive debts on their little shoulders. They want to get rid of it but they do not want to hire any professional who can help them in the process. There are many ways to eliminate liability issues and almost all of them require professional help to give effective results. One way of solving liability issues is Do-it-yourself debt settlement. Liability settlement is process which can be exercised by a debtor without any professional help. There are certain tips and tricks which can help you in do it yourself debt settlement. Follow these tips and solve your liability issues without paying a penny to hire professionals.
First of all you have to stop making payments of monthly credit bills to your creditors. The creditors will start asking you for his money do not reply them and ignore them as much as possible. This will make the creditor angry and he will feel that you are not afraid of him and that's why you are not making any payments. He will start deploying recovery units to recover money from you. You have to be really patient during this session as going through recovery units and teams will not be an easy task. Hey will try to distort your mental stability. They will use unethical means to get back the money but you have to be patient.
Now, when the unethical treatment done by the recovery team gets out of boundaries, you need to contact the creditor and tell him that if he does not stop using unethical means then you might file for insolvency. This will push the creditors on the back foot and he will start defending himself by stopping the unethical means of recovery. He will be really afraid because if you file bankruptcy then he does not get any thing back. Now he will offer you liability settlement. When a creditor offers liability settlement it means that he is ready to take what ever he gets.
You just have to accept the offer of liability settlement and ask for a huge discount of about 60 to 70%. He will not at all hesitate in giving you such a huge discount due to the threat you have used to scare him. He will even lower the interest rate on the remaining amount of money and he will even give you extra time to repay the loan amount. Follow these tips and tricks and you will be successful in do-it-yourself debt settlement process.
Getting out of debt through a debt settlement process is currently very popular but you need to know where to locate the best performing programs in order to get the best deals. To compare debt settlement companies it would be wise to visit a free debt relief network which will locate the best performing companies in your area for free.
