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Debt Settlement Program

How Do I Pay Bills With Debt Settlement Programs?

When using debt settlement programs to reduce the amount of debt you owe, you will pay the bills that qualify for the program to the settlement company, not your creditors (as you’d usually do). A typical large debt settlement company will set up a trust account on your behalf with a 3rd party organization like more »

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What Are the 2 Golden Rules of a Successful Settlement for Debt?

When you hire a debt company to conduct a settlement for debt that you cannot repay, remember one key point – that your are HIRING them to do the work for you. You use their services because they are the professionals and will know the best way for you to use settlement to successfully get more »

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What Are the Drawbacks to Debt Settlement Programs?

Of course, nothing is perfect, there are problems with debt settlement programs. Often debt settlement information is provided by salespeople who make it sound too good to be true for many people in debt. It needs to be reviewed carefully as it’s not the perfect solution for everybody. If I tell a person struggling with more »

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Can I Get Sued Doing a Debt Settlement Program?

This is a common question and rightly so! The thought and risk of getting sued doing debt settlement is scarry to anybody. It is always possible that your creditors could sue you as you go through debt settlement but with a reputable debt settlement company representing you, the risks are often greatly diminished. Typically it more »

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Do Legal Debt Settlement Programs Require a Lawyer?

The short answer to this is no. Anyone can negotiate with anyone and reach a legal debt settlement that is binding and that is true with your debt as well. However, having access to a lawyer and companies who offer debt settlement programs that have lots of experience can be very important to help you more »

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If I Use a Debt Settlement Company to Settle Debt, When Will I Be Debt Free?

So lets say you’ve made the decision to settle your debt in order to get out of debt as quickly as possible without filing for bankruptcy. How long will it take to be debt free? Of course the timeline for a debt settlement plan depends on several factors regarding your personal situation: – How much more »

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How Much Does Debt Settlement Help Cost?

Great question! After all, if you are in debt, you do not have a lot to spend, right? Debt settlement help costs vary by company but in general, they take a percentage based on the amount of debt you have entered into their program. The average settlement fee is typically 15% of your debt amount. more »

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What is Settlement of Debt and How Does It Work?

What is debt settlement (also often called debt negotiation and debt reduction)? It is the legal process of getting your creditors to accept less money than you owe them for your unsecured debts most commonly credit cards, medical bills, large utility bills, and unsecured personal loans. Settlement of debt is very common and has become more »

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