| Wednesday, October 6, 2010 |

Legally Eliminate Credit Card Bills - How To Cut Your Card Debt In Half Through Negotiation

Credit card debt is a huge weight on anyone's shoulders. It is expensive and it may seem like it will never be paid off. Credit card companies add fees and charges and the amount never goes down. It can look like an ever revolving circle of debt that will be paid for forever. This can be especially strenuous when money is already tight and all you really want to do is get out of debt and stay debt free. You may be wondering if there is anything you can do to legally eliminate credit card bills forever.

The good news is that there is debt settlement and negotiation programs that cut the credit card debt by 50% ore more.

A debt settlement company works with the creditors to negotiate a payment that a consumer can actually make. There are a few different steps to the process of debt negotiations. It will legally eliminate credit card bills and payments. It is relatively easy to do too when using a professional debt settlement company. They have experience dealing with creditors. They also have the ability to talk to the people in the company that actually make the decisions when it comes to debt negotiations and not just the regular operators. Also, they understand the laws and rules in each state and how those affect the consumer and the repayment plan.

First, they will go through all the financial documents of the consumer seeking help. They will look through all the bills, the other household expenses, any other payments that have to be made, such as child support, alimony and mortgage payments too. They will look at how much money is coming in and create a repayment plan to present to the creditors.

Next, they send a letter to the creditors with the proposal for the repayment plan and to inform the creditors that the consumer is in s debt settlement program. This also stops the creditors from filing lawsuits against the consumer or additional judgments. From this point on the consumer never has any more contact with the creditor. The debt counselor does all the talking to the creditors from this point on, the consumer never has any more contact with them.

Now, the debt settlement agency starts the negotiation process to reduce and eliminate the remaining debt. They will get the fees, charges and interest removed, so that only the original amount is left. This original amount is then reduced further so that it fits into the repayment plan that the consumer is able to pay. Once the creditors agree to the terms of the repayment plan, the consumer than signs a debt settlement agreement.

The debt settlement agency can legally eliminate credit card bills forever and help consumers get back on track to a road to financial recovery.
Debt settlement is a viable option to filing bankruptcy and is becoming increasingly popular amongst Americans with over $10k in unsecured debt. Creditors are ready to negotiate. You can literally eliminate 50% of your unsecured debt with a settlement. Check out the following link to locate legitimate debt help in your state


Post a Comment

Blog Archive