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Credit Card Debt
http://talk.sheknows.com/blogs/anthonylouis/2…
: If you're facing severe debt problems, and don’t earn enough to redeem your existing credit borrowings, debt settlement might be the recommended option to benefit from. The process is also popularly known as debt negotiation. According to this process you arbitrate with your creditor to reduce your total outstanding debt by 40-60% of the actual dues. The creditor gives a waiver for the remaining debt, which cannot be repaid by the debtor. A major benefit of debt settlement program is prevention of “collection calls” from creditors.
- Added on: Jun 12th, 2009
- Country: United States
- Language: English
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Debt settlement is an agreement between a debtor and a creditor to fully satisfy a debt for a lesser payoff amount. A debt settlement is usually reached when a debtor is unable to fully meet his/her debt obligations due to financial hardships. Debt settlement is also called debt negotiation. Technically speaking, a debt settlement is the agreement while debt negotiation is the process through which both parties reach that agreement.
Debt settlement programs are designed to assist consumers with a financial hardship to settle their debt through debt negotiation. Debt settlement specialists will negotiate a less than full balance settlement to resolve the debt. Credit cards, medical bills and other personal unsecured lines of credit may be eligible for a hardship settlement. To discuss debt settlement and find out what your aptions are to get out of debt contact a debt analyst today. You can call
Robert
224-420-9698
"Your Friendly Financial Advisor"
Posted: October 30th, 2009 | Report This Comment