Debt Settlement: The Road to Debt Debt Settlement: The Road to Debt Freedom Freedom August 26, 2016 by Christopher — Leave a Comment “Roughly 1 out of 20 Americans with credit files are at least 30 days late on a credit card or other non-mortgage account.” Source: http://www.creditcards.com/credit-card-news/credit-card-delinquency- statistics-1276.php Due to this fact, the need for debt settlement services will never go away. In many cases, debt settlement is required to help Americans avoid bankruptcy and get out of debt. With debt settlement services a person can have their balance reduced and satisfied. “ converted by Web2PDFConvert.com
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Debt Settlement: The Road to DebtDebt Settlement: The Road to DebtFreedomFreedomAugust 26, 2016 by Christopher — Leave a Comment
“Roughly 1 out of 20 Americanswith credit files are at least 30days late on a credit card orother non-mortgage account.”
Due to this fact, the need for debt settlement services will never go away. In manycases, debt settlement is required to help Americans avoid bankruptcy and get outof debt.
With debt settlement services a person can have their balance reduced andsatisfied.
Like with any debt relief program, there is an upside and a downside. Today we willdiscuss the upside and the downside to debt settlement.
At Golden Financial Services, our San Diego debt specialists can assist you withlearning more about debt settlement and other options available to helpconsumers get out of debt for 2016. Consumers can call 866-376-9846 for a freeconsultation.
Upside to debt settlement:Upside to debt settlement:
The upside to a debt settlement program includes:The upside to a debt settlement program includes:
Clients only need to make one easy payment each month based on what they canafford. Creditors are not paid each month with a debt settlement program, butrather paid in lump sum payments.
As money accumulates in their trust account that the debt settlement companysets up for them at the beginning of the program, these funds will be used to settlethe debt.
The company will be negotiating with the creditors until an agreement is reached,often this agreement is a settlement for a fraction of the balance owed.
The average program lasts for 36 months, and this means that clients can achievedebt freedom within this time-frame. Results will vary.
Some customers finish a debt settlement program faster than 36 months, whileothers take longer to complete the program, at Golden Financial Services.
If clients finish a debt settlement program and make all of their scheduledpayments, they may end up paying only a fraction of their balance.
Reputable debt settlementcompanies will only charge a fee atthe time the debt is settled and paid;this ensures consumers don’t getripped off!
Downside to debtDownside to debtsettlement:settlement:
It’s not the actual debt settlement program that hurts their credit score, but thefact that client’s need to be delinquent on their payments for a favorablesettlement to be possible, and this is the aspect of debt settlement that can hurt aperson’s credit score.
If you don’t stay current on your bills every month, your credit score will go down.Debt validation may be a better option for consumers to turn to, due to creditrestoration being included.
However, not every consumer will qualify for debt validation, just like not everyconsumer will qualify for debt settlement.
Creditors don’t have to settle or work with a debt settlement company. They mayeven sue a person that is in a debt settlement program.
This is one of the main reasons why it is so important to find a reputable debtsettlement company, like San Diego’s Golden Financial Services.
Golden Financial Services and our customer service and back-end partners, knowhow to deal with an account that gets a summons and can assist with lawsuitdefense and much more.
Golden Financial Services has zero customer complaints listed at BBB.org and anA+ rating. The company has been assisting consumers with settling debt forroughly 13 years now.
Final Thoughts…Final Thoughts…
With all the ups and downs to debt settlement it is still a viable option that couldhelp you get rid of your debt. The worst thing that you could do is overlook anoption altogether and it could have been the way out of your financial crisis.
So what are your thoughts, have you ever tried debt settlement?So what are your thoughts, have you ever tried debt settlement? Shareyour thoughts and comments below.
