subject: Debt Elimination Help - How to Find Legitimate Services to Negotiate Your Debt [print this page] Debt Elimination Help - How to Find Legitimate Services to Negotiate Your Debt
Debt elimination can be of much help if you know where to get it from and how to benefit from it. Debt elimination is most commonly used by consumers with deep unsecured debt, and by "deep" I mean debt of over $10,000.
Debt can be eliminated very easy, with the help of financial settlement. You don't eliminate all of your debt but you do the second best thing, you eliminate half of it. I'm sure that every consumer in debt finds that very appealing. And why not? Who would prefer to pay more when they can pay less? Debt elimination help grants you this option.
The best way to find a debt settlement company is to look for it online. There are many such companies that offer their services for a fee and promise a lot of things in exchange. The problems is that with the great number of debt settlement companies that appear online there are also a lot of fake companies which are looking to take advantage of consumers in a desperate state and rip them off for whatever money they have left. Always make sure the company you are interested in is registered with the Chamber Of Commerce and the BBB, every legal company has to be listed with these two.
There are ways which you can tell if a debt settlement company is fake. First of all, they will ask for a large amount of money in advance; legit companies take their fees after they reduce your debt and it is usually a fix 2%. Also, legit companies offer free financial advice and can steer you into another direction if debt settlement is not the best option for you; fake companies will try to convince you that you have no other option no matter what and that you should use their services as fast as possible.
When you search for a debt settlement company online you might come across forums in which you can read about different companies from the client's perspective; this is a great place to get information about legit companies and can help you choose the right one for 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.
