Debt Settlement Blog

Besides getting out of debt in 2 ½ years or less….and only having to pay back a fraction of the total debt owed here are some of the pro’s of Debt Settlement you might not of thought of: 

 

Since we work with the creditors on a daily basis they know our reputation and have experienced our success.  96% of the people we put in the program successfully complete it and are debt free. 

 

The creditors know that people who have a high debt to income ratio struggle to pay their bills and save for the welfare of their families. 

 

If you are unable to pay on your bills for the next 30-40 years, then the creditor realizes you truly only have 3 options. 

 

Creditors like dealing with our company.  They know that 96% of the time we settle the accounts as agreed.  The creditor does not have to worry about you applying for bankruptcy.  They see the money going directly into your trust account, and they know the EXACT amount of time they are going to have to wait before you will have the settlement amount.  The creditors want to receive the pay out in one lump sum.  If someone owed you 100$’s would you want 1$ a day….or would you rather have 100$’s on the 100^th day.  (Now think about the credit card companies and all the Millions of Dollars they are trying to keep track of) 

 

Even though we have a 96% success rate, the creditors have to protect themselves from the small amount of people who do not complete our program.  Even with our help some people still have difficulty managing their money.  The creditor reports late payments to ensure you are saving the money.  If we reach settlement with them 20 months into the program, and you have not set the money aside in your third party trust account…then they need to have it documented that they haven’t been paid!!!! 

 

The old saying “There is strength in numbers” is true today!  In Debt Settlement you are only going to experience a SHORT TERM affect on your credit.  Since the creditors are protecting themselves from you dropping out of our program, and they are reporting late payments to your credit report you are enrolled you are going to experience a short term credit drop.  It will not be a HUGE drop because you are still showing that you are current on your rent, car, cell phone, and the thousands of other things that report to your credit report.  Since we are not just negotiating on the dollar amount that you owe them, we’re negotiating on the entire account, we are able to request that the creditor removes any derogatory information that they have reported while you are in our program.  We also request that they put either paid in full, or paid as agreed with a zero balance. 

 

Your credit is affected now.  If you don’t do our program you will continue to show the thousands of dollars worth of debt against your credit.  30% of your credit score is your debt to income ratio.  Right now the thousands of dollars you have showing in that category is hurting your credit score.  Once you complete our program your unsecured debt will vanish, and you will finally experience a debt to income ratio to be proud of. 

 

The creditors have spent trillions of dollars in marketing and campaigning to keep people in credit card debt!   They trick people with introductory rates, multiply people’s interest rates for no reason, and are unwilling to work with clients who have been faithful and made payments FOR YEARS without any problems. 

 

If you are like most people you have already paid back the money you “borrowed” years ago…and are now just stuck paying interest to a profit hungry credit card company that cares very little about your finances or family…The credit card companies have already made the money they let you borrow back…and if they haven’t….I guarantee you millions of people have taken care of your debt thousands of times with their interest rates. 

 

Anything the credit card company loses….they can write off at the end of the year for their taxes.  They realize they don’t have to worry about bankruptcy, selling the account, or a lengthy court process with low results.  Our company gives them twice what a collection agency gives them with a higher completion rate….the credit card companies enjoy working with our company.  If you need proof check our website for the testimonials. 

 

In my eyes Debt Settlement is the fastest way to get out of debt, without severely hurting your credit score. 

 

You win by getting out of debt. 

 

The credit card company wins by helping you improve your debt to income ratio….so they can give you more credit cards (….but now you know all the tricks the credit card companies have…and won’t make the same mistakes again) 

 

And our company is happy because you will advertise for us via word of mouth!!! (we do offer all of our customers a 50$ referral check!!) 

 

I compare credit to going to a doctor or a dentist.  If you have a doctor that does bad work…you can have lasting affects.  If you go to a dentist and he tells you to get a root canal and you don’t really need it….then you will have a sore mouth for the rest of your life. 

 

Make sure you take time…and evaluate all your options. Some things I do…. 

 

Write down questions, concerns, comments…. 

 

Get a second opinion…. 

 

Really think about what you are trying to do… 

 

Would you rather have PERFECT credit…but realize you will be paying on credit card debt long into your retirement years… or would you rather experience a 2 year period where your credit took a little hit…and you were able to buckle down and get the monkey off of your back…Think about 3 years from now…when you are debt free…checking the mail laughing at those credit card offers!!!