Debt Relief Companies

Hello, standard practice is to not stretch the settlement process beyond 3 years. (…)

Hello, unfortunately you should not plan on being able to do both. (…)

That risk always exists however, going to court is a costly and arduous process for the creditors so it is really a last resort for them. (…)

Hello. Unfortunately, I do not know of any settlement company that does not take a portion of your first few payments as part of their fees. (…)

Yes, you will probably have to start by calling customer service and try to get them to direct you to the proper department (someone with more authority to make such decisions). (…)

This is a good question. In my opinion, the two options are for two totally different financial situations. (…)

Hello, this is a choice that only you can really make. It depends on what you are the most comfortable with and what your personal plans are for the next 10 years. (…)

Hello. I understand what you are saying. (…)

It really depends on the type of debt relief program you select…
Debt Management - Has the least affect on your credit score. (…)

Typically most debt settlement companies like a person to have at least $10,000 in unsecured debt to qualify for their program. Some even go as high as $15,000 or $20,000 to qualify. (…)

Hello. As I discussed yesterday in answering some questions about debt relief, you will pay a portion of your monthly payments as fees to the debt settlement company. (…)

Creditors are obviously on opposing sides with the debt settlement companies so you need to evaluate what they say based on where they stand in relation to your debt. (…)

Thanks for the question. Debt settlement is best viewed as a bankruptcy alternative. (…)

Payday loans are very aggressive loans with tremendous interest rates that can be as high as 1000% annualized. (…)

Filing bankruptcy is very damaging to your credit which will have long lasting effects for many years. As such, bankruptcy really should be a last resort and should be avoided if possible. (…)

I suggest you look into all your options using a professional debt relief company that offers a debt settlement or debt management program. (…)

If you read this article about unsecured debt you will understand that credit cards are promises to repay with nothing to back them up (like a physical asset or other collateral). (…)

Debt negotiation is basically another way to describe debt settlement. (…)