Debt settlement is the fastest way to get out of credit card debt for the least amount of money and avoid bankruptcy.
If you are one of the millions of Americans struggling through financial hardships today, debt settlement may be your very best option to be debt free ASAP.
BUT…
(WARNING: This is a BIG “BUT”…)
Debt Settlement “Nightmares” [...]
I’m often asked the question, “Will debt settlement affect my credit score?”
It’s interesting that many who call me have already fallen behind on their payments, thus their credit may have already been affected, though it may not be showing yet on their credit report or they just haven’t checked their credit report recently.
If you are [...]
If you have just a couple of debts, or under $10,000 in total unsecured debt, then you could try to talk to your creditors directly to settle the accounts yourself. However, if you have over $10,000 in debt, especially if you have over $25,000 in total debt, or you just need the structure guidance of [...]
Many people are struggling to pay off credit card debt, medical bills or other unsecured debt and they’re wondering if the debt settlement advertisements on TV, radio or the Internet are for real?
Every day I speak with good people across the US who are financially overwhelmed. Many are unable to make the minimum payments on [...]
I’m often asked, “Is debt settlement a better choice than bankruptcy?”
That’s a good question.
Bankruptcy may allow you to eliminate most of your debts quickly, and this is typically referred to as a Chapter 7 bankruptcy.
In other cases, you may be required to pay back a percentage of your debts over time. This is typically [...]
Debt Settlement or Bankruptcy; That Is The Question!
Debt settlement is the fastest way to experience debt relief and be debt free for the least amount of money while avoiding bankruptcy, and may be best for you if you cannot or do not want to file bankruptcy.
One type of personal bankruptcy is the fastest and cheapest [...]
If I Settle My Credit Card Debt, How Will These Significant Savings Affect My Taxes?
This is an interesting question when considering how to get out of debt.
In general, the IRS considers $600 or more of debt which is forgiven or discharged as income. This mean if you owe $50,000 in credit card debt and settle [...]
Debt settlement, also referred to as debt negotiation, means that your debt is negotiated down to a reduced amount and your account is settled in full; paid to a zero balance.
Debt settlement is the process of negotiating with your creditors to settle your debts for less than what you owe, typically for about half of [...]
THE BEST WAY TO STOP COLLECTION CALLS ASAP.
This only applies to people in a legitimate debt settlement program, such as the debt settlement programs I endorse. If you are not yet enrolled into a debt settlement program, be sure to read this Debt Settlement WARNING before talking to any of the bazillion new debt [...]
Could debt settlement be “the light at the end of the tunnel” for you?
If you’re deep in debt and feel like you’re running on the treadmill of life, carrying a heavy backpack full of bricks with no end in sight, let me show you a better way. Let’s peel back the curtain and show you [...]
Debt settlement is a legal agreement between a debtor and a creditor where a portion of the debtor’s debt is simply “forgiven.” Debt settlement is actually the best way for creditors (credit card companies, banks and debt collectors) to get the most money from consumers in financial hardship, which is why debt settlement works so [...]
*** Debt Settlement WARNING! ***
+ Shopping around?
+ Getting quotes from different companies?
+ Filling out forms on the internet, looking for help?
Tempted by lower payments?
Don’t be fooled…
DO YOU HAVE ACCOUNTS WITH ANY OF THESE CREDITORS:
Citibank, Discover or Bank of America? (Are you sure?)
I’m often asked, “How can I settle credit card debt myself?”
This is a great question.
There’s lots of info floating around about this; some good info mixed with some dangerously incomplete info… And watch out for all the bad and inaccurate info!
Here’s a quick step-by-step guide for you to accomplish your goal of settling credit card [...]
Debt Settlement Causes Credit Scores To Jump 74-130 Points?
First an example of two clients, James and Anne of Laguna Hills, California, who cut their $55,000.00+ credit card debt down to just $29,817 (including fees) through debt settlement. Only 18 months after beginning their debt settlement program, they were debt free with over $2,100.00 a month [...]
Let’s start with your situation…
The fact that you have high credit scores and have not fallen behind means you have something to lose (your perfect payment history) if you choose debt settlement.
But, let’s first get clear about exactly how your credit will be affected, because along with the negative impact to your payment history, the [...]
ATTORNEY GENERAL CUOMO ANNOUNCES NATIONWIDE INVESTIGATION INTO DEBT SETTLEMENT INDUSTRY
Subpoenas Fourteen Debt Settlement Companies and One Law Firm in Connection with Probe
Debt Settlement Companies Often Charge Huge Fees for Misleading Plans, Suggest Selling Blood Plasma to Raise Funds, and Leave Consumers in Worse Financial ShapeNEW YORK, NY (May 7, 2009) – Attorney General [...]
Debt settlement, also known as debt negotiation, debt arbitration or debt workout, is an aggressive approach to debt reduction in which the creditor agrees on a reduced amount, paid by debtor, as payment in full.
Jan 15, 09
January 6, 2009
Stephen J. Cole
President and CEO
Council of Better Business Bureaus, Inc.
4200 Wilson Boulevard, Suite 800
Arlington, VA 22203-1838
Dear Mr. Cole:
I write on behalf of The Association of Settlement Companies (TASC) regarding the Better Business Bureau’s policy on the rating of debt settlement companies. TASC is the predominant national association of settlement companies representing [...]
What is debt settlement?
Debt settlement is the process of negotiating with your creditors to settle your debt for less than what you owe. One thing you need to realize is that this program works best for people that are soon approaching or already in a financial hardship of some kind. You don’t have to wait [...]
This post is an article I originally published on October 4th, 2005. It has since been published by 34 financial newsletters.
Warning: DO NOT Begin any Debt Management Program, UNLESS the Company You Choose Meets these Six Criteria.
In fact, if the following six criteria are not met, don’t even get your hopes up, just turn tail [...]