If you're in debt, there is some good news: Regardless of your situation, legal debt relief options are available. Debt relief could not only help you get out of debt, but quite possibly save you a large sum of money as well!
To see how much you could save, indicate your credit card debt amount (ok to estimate), and a caring debt relief specialist will provide your free debt relief analysis and savings estimate at no obligation.
If you're currently having difficulty paying high interest rate credit cards, you are not alone. Many consumers in Pennsylvania are exploring a variety of debt relief options, including debt settlement or what some consumers may know as debt arbitration. As the pain of credit card debt continues, credit card companies are increasingly willing to settle debt for less than the total owed, depending on the consumer's financial circumstances. Depending on your situation, these companies may be willing to settle your debt for substantially less than you owe.
To see how you could benefit from a, customized savings quote and free debt analysis, begin by answering a few basic questions online about your present situation.
Not all debt relief is created equal. In fact there are fundamental differences between Debt Settlement and other popular forms of debt relief including: credit counseling, debt consolidation and debt management. Utilizing these alternative methods, consumers pay back all outstanding debt owed, while enjoying lower interest rates and reduced monthly payments. They're budget-minded solutions that help consolidate, reduce and eliminate debt, and reduce stress while streamlining the payment process; often shortening the pay-back process to a 3-5 year period.
Debt Settlement provides debt relief when and if credit card companies agree to allow the consumer to settle by paying back less than the total amount of debt owed. Credit card companies know many consumers in distress often have limited ability to pay back all they owe. With this in mind, they're often willing to accept a lower total pay-off amount, especially if the credit card company is concerned that the consumers will declare bankruptcy, or if they feel they may be likely to have to "sell off" what is considered bad debt to a third-party collection agency for approximately ten cents on the dollar.
Controversy over the amounts individuals can expect to save by taking the Debt Settlement route to debt relief has resulted in legislative changes. This lack of clarity and confusion on the part of the consumer has resulted in updated, regulatory laws - new legislation that is governing activities in the Debt Settlement industry. It's unfortunate that false claims made by some debt relief companies, in some advertisement promising consumers will save 70% of their debt, settling debt-owed to mere pennies on the dollar. The truth is that many of these claims are nothing more than debt relief scams, lulling people into a false sense of financial hope. In actuality, no debt-relief company can be sure how much will, or will not be, saved in debt settlement, until a consumer's particular debt circumstances and the debt-settlement policies of the credit card companies holding your debt, are understood -- and the consumer extending the settlement or debt negotiation offer has set aside necessary funds to make a bonafide offer to settle.
Beyond any misleading advertising, consumers should know that in the midst of a challenging Pennsylvania and national economy, the credit card companies often decide that it is in their best interest to settle with a distressed debtor. These companies realize they often come out ahead by accepting a reduced settlement amount from the consumer who have fallen several months behind. Selling-off that debt for as little as ten cents on the dollar to a third party debt collector is often not in the credit card companies' best financial interest. So increasingly, the credit companies are settling if consumers can accumulate a "set-aside" amount that can be used as a reasonable offer. This certainly does not mean that credit card companies will be willing to settle for ten percent of what is owed, because that would be an extreme case. However, it does point to the fact that credit card companies are often willing to work out a "reasonable" settlement with consumers, saving those consumers large sums of money and often speeding-up the process of retiring the debt.
To get your free debt relief analysis and savings quote, simply answer a few online questions about your financial situation.
As the level of troublesome consumer debt in Pennsylvania and across the U.S.A, has risen, so too has the popularity of Debt Settlement. An examination of the reasons surrounding that popularity will give you insight into its continued viability.
First and foremost, when times were better financially, both for the nation and for individual consumers, carrying high credit card balances was pretty routine. If this memory comes "close to home", you may also remember paying high interest rates.
Disclaimer and Fees – We do not charge any upfront fees. Each debt situation and program is unique so fees and costs will vary. For debt consolidation programs, where permissible by law, a one-time enrollment fee from $25 up to $50 may be charged for account establishment and for debt relief proposals submitted on your behalf to each of your creditors. Monthly program administration fees will vary from $5 but no greater than $50 depending on your state of residence and/or the number of creditors who agree to accept proposals and become enrolled in the program. Fees subject to change if permissible by law. For debt settlement programs, by law, you may not be charged any fee until a debt settlement is arranged on your behalf, you approve the settlement, and at least one payment is made towards the settlement.
Not all consumers are able to complete debt relief programs for various reasons, including their ability to save sufficient funds. The use of debt resolution services could negatively impact your credit and may result in legal action on the part of creditors or collectors for unpaid balances. Consumers enrolled in debt consolidation programs who fail to adhere to the terms of their debt management plan (DMP) may forfeit the benefits of debt relief and revert to the terms of their original creditor agreements. Read and understand all program materials prior to enrollment. Please contact a debt relief specialist for complete program details.
Your debt relief analysis and savings estimate is free, will not affect your credit, and you are under no obligation to enroll in, or purchase, any product or service.
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