Cut Bills in Half - Find an Honest and Reliable Debt Settlement Firm to Pay Just 50% of Debt Back
Debt relief is the best thing that can happen to debtor
. What will be better than getting rid of half of your debt amount? This is the new step taken by the government to help the country bounce back from this tough time of recession. A lot of stimulus money is been put by the government to help creditors and the borrower both.But the first step is the most vital one. One needs to choose the best settlement company for his debt relief and should also make sure that it is a registered one. If you owe over $10k of debt, then you can opt for settlement. This technique helps the creditors get their full amount back and the debtor needs to pay just half of the amount. The rest of the amount is paid by the government which is known as the stimulus money.
One can choose the best company by comparing it with the other ones and the previous complaints that the firm has been able to solve successfully. The firm should offer a complete money back guarantee. There is no need of paying any upfront money and the total settling fee should not exceed 15% of the reduced debt amount. The first installment fee should not be more than $50 and one need to pay this amount only after your debt has been reduced to half of its amount. The timeline for the completion should not exceed a year.
The other few things that the company must possess are:
The company should be registered to Association of Settlement Companies and have a high reputation.
It should offer you the freedom to have talks with your negotiator whenever you want.
Agreement offered to you should be flexible.
It should be the member of TASC (The Association Of Settlement Companies) and IAPDA (International Association of Professional Debt Arbitrators).
It should have a good past record of solving cases.
It should work with even the toughest of the creditors such as Citibank.
The good part of the settlement is that you can't be cheated and you will not be facing any malpractice. A high amount of around $16000 is to be paid as fine by the company if any kind of inconvenience is faced by the debtor.
One thing that should be taken care of is that the consumer should pay his monthly bills regularly. Any laziness will lead you in great financial crisis including rolling over of the money. Also during this duration, reduce the use of your credit card. Cancel all of your registration with any firms or company that charges your card automatically.
Debt settlement is a viable alternative to filing bankruptcy. Most consumers are able to eliminate at least 60% of their unsecured debt while avoiding many of the negative consequences with filing bankruptcy. If you are over $10k in unsecured debt you will be eligible for debt settlement. To locate legitimate debt settlement companies in your state check out the following link:
Cut Bills in Half - Find an Honest and Reliable Debt Settlement Firm to Pay Just 50% of Debt Back
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