subject: Debt Settlement Help - Why to Only Use an Attorney Backed Settlement Company [print this page] Debt Settlement Help - Why to Only Use an Attorney Backed Settlement Company
Debt help is a much needed thing nowadays. Not only is the economy in a bad state but there are also dark times ahead if we don't support the stimulus money program. This is a way for the government to reduce the money deficit and at the same time help consumers clear their unsecured debt which they can't afford to pay back in whole. Stimulus money motives creditors into reducing your debt. The point is that they will get a part of whatever amount they reduce from these government founds thus allowing them to do the same for more consumers.
Debt settlement takes advantage of this fact and reduces your amount of debt to half of what it is worth. You can do the negotiations alone and not pay a debt settlement company. The final result is usually a loss because even if you save money and fees you might not get a reduction as big as the one which a company would have got you. Experience matter in debt settlement and it is recommended to hire a company with a good image on the market.
When searching online for a debt settlement company you risk finding a fake one. These companies are run by con artists and the numbers seem to grow each day. A common hint is that they always ask for a big amount of money in advance and they promise to solve your problems in no time at all; basically, fake companies sell you dreams and they ask for the payment in advance.
An attorney back debt settlement company will provide legitimate services but at the same time you can be sure of the quality of these services in a legal way. It is always best to have insurance. Don't worry about the fess of such company because these are not high and are taken from the reduced amount so that you don't have to give money in advance; most consumers don't have any money left, ergo the debt.
Don't waste time and get online; search for a legitimate debt relief option that can help you.
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.
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