2. settlement means that, following a negotiation process with your
creditor, a large part of your credit card debt is eliminated While it
does not cancel all the debt, you can still settle your credit card debt
for a way smaller fraction than it would otherwise be This process
can eliminate up to 50-60% of your debts
3. Debt settlements attract more and more customers every day
Debt settlement means that, following a negotiation process with
your creditor, a large part of your credit card debt is eliminated While
it does not cancel all the debt, you can still settle your credit card
debt for a way smaller fraction than it would otherwise be
4. This process can eliminate up to 50-60% of your debt Why would
the credit companies accept such a deal? First of all because they
are for-profit companies They do not benefit from your filling
bankruptcy if you are unable to pay your bills anymore, they do not
wish "revenge", but only to recover as large amount of money as
possible
5. They'd rather have you pay a portion of that amount, than not pay
them anything at all When it comes to unsecured debt, there is no
guarantee you offered for the money you took, no car or property
they can claim, so they'll have to be content with what they can get
6. If you like to keep up with news, you probably already know that the
Government already saved a lot of these credit card companies from
total collapse, providing them stimulus money Within the past year,
most of the American customers started to have serious financial
problems and they could not pay their bills on time like they used to
7. Many lost their jobs or suffered pay cuts in their salaries and that
caused problems to most financial companies, like in a chain
reaction The latter realized that they must eventually keep the pace
with the new times and either accept to negotiate and reasonably
settle offers with their customers, or simply perish
8. If you finally made up your mind to solve your financial troubles as
soon as possible, a first step would be to contact the debt relief
network from your area These specialists will select an experienced
debt settlement company that can settle a deal with the credit card
company on your behalf
9. It would be wise to not go directly to a debt settlement company
but rather first visit a debt relief network The top debt relief networks
only allow debt settlement companies into their accredited
organizations that prove a track record of successfully negotiating
debts and have also been certified
10. They are free to use and credit consolidation offer helpful debt relief
advice
