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Why Debt Settlement Works and Can Work For You
Why Debt Settlement Works and Can Work For You
Debt settlement is the fastest and least expensive way to get out of debt.
Los Angelis,
CA,
United States of America
(prbd.net)
08/04/2010
Debt settlement is the fastest and least expensive way to get out of debt. Often referred to as debt negotiation or debt arbitration, Debt Settlement is a direct and ambitious approach to debt reduction and it is best suited for individuals that have considered filing for bankruptcy protection.
www.debtsettlement.bz
Here's how it works:
Debt settlement companies will negotiate with unsecured creditors (credit cards, retail store cards, medical bills, judgments, personal loans, etc.) on behalf of the client to settle for an amount much less than the balance owed. In return, the debtor will make a settlement payment for the balance owed.
Once the debt has been paid in full on the settled amount, the creditor will issue a letter to the credit bureaus stating the debt has been "Paid", "Settled", and/or "Settled for less than full amount."
Why would a creditor accept a settlement?
Oftentimes creditors are willing to settle the balance of debt owed if the debtor is under financial hardship. Debt settlement is an excellent alternative to bankruptcy and in the creditor’s eyes if the debtor is under financial hardship and chooses to file bankruptcy the creditor would receive nothing.
To learn more about debt settlement and how to get started, please visit Debt Settlement at:
www.debtsettlement.bz
About
Debt Settlement is a debt relief program that is best suited and is most effective for consumers and businesses with larger amounts of debt, typically $5,000 and above.
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