What is Debt Settlement and How Does it Work?

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 [...]

Frank

Debt settlement is the process in which one works with creditors to pay only a percentage of the total debt ...

17 January 10 at 22:36

Debt Settlement Secrets: Stopping Creditor Calls from Debt Collectors

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 [...]

Debt Settlement WARNINGS (Plus Four Rules to Avoid Trouble!)

*** 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?)

How To Settle Credit Card Debt On Your Own (“DIY” Debt Settlement)

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 Advice – For People With High Credit Scores

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 [...]

TASC Response to the BBB Position on Debt Settlement

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 [...]

Debt Relief Options: Debt Settlement

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 [...]

Fair Debt Collection: How To Stop Collection and Harassing Calls

Here are a FEW things you can do to handle creditors and collection calls to minimize the calls and get them to stop bothering you ASAP. Despite many false promises seen online and elsewhere today, no one can promise to “stop creditor calls”.  Original creditors have rights to collect legitimate debts.  However, it is illegal for [...]

WARNING: 6 Critical Criteria For Choosing a Debt Relief Program

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 [...]