Debt Relief Program that can save you up to 80%, NO UPFRONT FEES.

Debt Relief Program that can save you up to 80%, NO UPFRONT FEES. from Complete Debt Solutions

By: Complete Debt Solutions  23-09-2014
Keywords: credit card, Debt Consolidation, credit repair

Debt Settlement Benefits Are There Benefits of Debt Settlement? - call 877.676.5878 Outside the debt settlement industry, debt settlement is rarely (if ever) recommended as a viable solution to dealing with your debts. Much of this has to do with the number of debt settlement scams and the miseducation of consumers to the effects of debt settlement. For certain consumers, there may be some benefits to debt settlement. Avoid Bankruptcy The biggest reason that people choose debt settlement is to avoid bankruptcy. Bankruptcy is a debt solution that will follow you for the rest of your life. The bankruptcy entry remains on your credit report for 10 years, but many loan, credit card, and job applications ask if you’ve ever filed bankruptcy. If you answer no and the bank later finds out that you actually did file bankruptcy, you could be found guilty of fraud. In the case of employment, you could lose your job. Settling debts with your creditors, when it’s done right, can help you avoid filing bankruptcy and dealing with the consequences of a bankruptcy. Debt settlement will only stay on your credit report for seven years. There’s no public record of you ever having settled your debts, so once the credit reporting time limit has run on your settled accounts, you won’t have to deal with settlement anymore. Relief From Overwhelming Debts The goal of debt settlement isn’t to get over on your creditors by paying them only a portion of the debt you accumulated. However, if you’re legitimately having trouble paying back what you owe, debt settlement may help you. Considering how much we pay credit card companies in interest and fees, you may have already paid back what you originally charged. Comparing debt settlement to bankruptcy, creditors may not get as much from you even if you filed Chapter 13 bankruptcy. They may not get anything at all if you file Chapter 7 bankruptcy. Creditors know this which is why they accept settlement offers from some consumers. Repay Your Debts in Less Time On a good debt settlement program, you will repay your debts in two to four years. This is much less time than you’d spend paying back your debts normally (probably not an option if you’re considering debt settlement). Even debt consolidation, credit counseling, and Chapter 13 bankruptcy have debt repayment periods from three to five years. For more info visit us online:

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