Debt forgiveness is the process where you actually reduce the amount of your bills by 40, 50, even 60%! How? We have established relationships with most large creditors and they negotiate your debt DOWN to reduce your outstanding balance.
Your creditors such as credit card companies, medical service providers and other unsecured debt creditors (your home mortgage and car payments are not unsecured), are willing to bargain. Why?
Think About It...
They would rather get something vs. nothing and they will often agree to lower the amount you owe, sometimes up to 60% savings!
Trust Me, Credit Card Companies Make Amazing Amounts of Money...
...off of the millions of people who are able to pay back everything they owe, that people like you who may have run into unexpected temporary financial difficulties are often able to negotiate a settlement for less money.
It Can Happen to Any of Us
Life will throw you an unexpected curveball and the next thing you know you have more bills than you can handle. Then the credit card companies make matters worse by mailing you an endless number of new teaser rate credit card offers.
Furthermore, the interest rates, fees, and penalties on these credit cards and store charge cards are incredibly high which is great for the creditors but makes it VERY hard for people in debt.
Sure the teaser rate may be good but after that - Watch Out - for the huge rate increase.
As you know, once you are late on a few payments the penalties and interest fees start to pile up fast.
Debt can snowball faster than you think
Discover How to Break the Cycle of Debt and Avoid Bankruptcy
Debt settlement has proven to be a way out and a great alternative to filing for bankruptcy.
As you may know, bankruptcy has become much more difficult to file. Under the new laws, a person must go through extensive counseling prior to filing bankruptcy. Debt settlement is a way around the cumbersome bankruptcy process.
Reduce or Eliminate Your Collection Calls
A big benefit of choosing debt settlement is that most creditor calls will be handled by your debt settlement company once you start the program. They maintain ongoing contact with your creditors so you don't have to.
Do You Qualify for Debt Settlement?
Not everybody does.
Debt Settlement can only help you with unsecured debts that typically add up to $10,000 or more. Car loans, home loans, and student loans do not qualify for debt settlement programs and there are other alternatives for you if those are the debts you have.
Yes, medical bills do qualify as unsecured debts as do unsecured personal loans along with the most common unsecured debts, credit card bills.
Is Debt Settlement Right For You?
It depends on your personal situation. Certainly, it is not the best solution for everybody and it does have drawbacks. You should do your research and discover the best solution for your situation.
DOING IT YOURSELF
Novice debtors looking for a settlement might take the first offer--after all, a novice may not know a good deal from an average or a bad deal. When pressed, a creditor's customer service representatives are instructed to shave a couple thousand dollars off the top. This usually satisfies a debtor. Even trying to haggle after this point can be fruitless.
Quite frankly, many creditors don't take debtors seriously. The reason is because the creditor is in the driver's seat. The creditor knows that a debtor has fallen on difficult times and will take any offer that reduces their debt, even if the offer is pretty much insignificant. With the new 2005 bankruptcy laws taking effect, a debtor will have less leverage by threatening to declare bankruptcy. So what's the solution? Working with a professional debt settlement agency like Get Wise Credit Consulting can really make a creditor take notice and offer a larger settlement.
Click here to view our debt settlement application
Debt forgiveness is the process where you actually reduce the amount of your bills by 40, 50, even 60%! How? We have established relationships with most large creditors and they negotiate your debt DOWN to reduce your outstanding balance.
