subject: Settle Credit Card Debt For Less Than You Owe - Secrets Your Creditors Don't Want You to Know [print this page] Settle Credit Card Debt For Less Than You Owe - Secrets Your Creditors Don't Want You to Know
If you want to settle credit card debt for less than you owe, why don't you consider hiring a top settlement firm? Well, it is absolutely true that the settlement firms will help you settle credit card debt for less than you owe through a legal negotiation process.
There are many legal solutions which are offered by the financial firms to help you settle credit card debt for less than you owe to your creditors. However, liability settlement deal is the best option than any other solutions for removing the unsecured liabilities. Through the settlement program, more than half of the actual unsecured amount will be legally removed. There are few things that the card issuing companies hide from you. They are explained below in this article.
Introductory discounts and offers:
The card issuing companies provide offers and discounts for their promotional purpose but they will not inform you if you are liable to them. Introductory offers are meant for new loan takers that offers 0% interest. The creditors hide this fact from you because they think that you will apply for the discount and won't pay the money. The creditors always think about their business and want to remain on the safer side. However, you can still be free from liabilities after choosing consolidation or settlement. These options are also hidden by the creditors.
You can opt for liability consolidation that can favour you to get a new loan. Using the new loan you can pay your creditors. However, if you want to settle credit card debt for less than you owe, liability reduction will be the best solution. The creditors do not want you to know about the relief solutions you can get through a financial firm. But it is important to know these facts and you also have the right to know it, being a plastic money holder.
When you have missed out payments, the creditor will send a notice reminding you of the delay in payment and the minimum amount they require. Many people take an advantage of this and pay only the minimum amount that is required. Therefore, the creditors have stopped reminding the people about the late payments and required minimum amount. These are the details that the creditor hides from you but you can still have an upper hand on them. The legitimate help of the financial firm will help you settle credit card debt for less than you owe to card issuers.
Debt settlement is clearly a better alternative than bankruptcy and due to the massive amounts of consumers in debt, creditors are agreeing to very generous debt settlement 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.
