subject: A New Social Cancer [print this page] A New Social Cancer A New Social Cancer
A New Social Cancer
The only man who sticks closer to you in adversity than a friend is a creditor.
Limited resources make many consumers feel financially sick. Unemployment, increased stress levels and delinquent accounts are common symptoms of a new social cancer springing up in the context of today's economy.
For consumers whose heads are about to explode with debt, there is relief in sight. Rather than filing for bankruptcy, consumers can find a respectable alternative with debt settlement. Debt settlement is usually a successful relief option for consumers with upwards of $10,000 in unsecured debt, and either struggle just to make the minimum payments or have already fallen behind.
Debt settlement is a rather aggressive form of debt relief that involves negotiating with a consumer's creditors in order to secure a settlement for a percentage of the original balance. These programs typically last from 12-36 months, and are an excellent tool when a reputable debt settlement company is involved.
Consumers should know first and foremost that a legitimate debt settlement company would NEVER charge upfront fees before rendering services. Fees should only be collected after at least one of the consumer's accounts is settled. Clients typically notice a decrease in monthly payments normally made to creditors, and an increase in cash flow.
One New York Times article reports 2009 findings from the American Banker's Association that show debt settlement is becoming more common as creditors must do something with bad' debt. So, if you're struggling to provide for yourself or your family and need to reduce debt, working with a reputable settlement company is a choice worth looking into.
Sound like a great option but not sure where to start? Superior Debt Relief Services has over 10 years of experience fighting for consumers while easing their debt burdens. They will help you implement a well-rounded solution to debt woes by helping you examine habits and circumstances that contribute to indebtedness, while expertly negotiating with your creditors.
