Debt Settlement Basics

I think that a wise man gathers much counsel, and it’s definitely worth exploring all your options – both bankruptcy and non-bankruptcy. But the optimal candidate for debt settlement would be [...]

A qualified debt settlement firm or attorney will help you get out of debt by negotiating with your credit card companies so that they will accept less than the total amount they are owed, [...]

Anyone can settle debts with a credit card company, but that doesn’t mean it is the ideal form of debt relief for everyone. A good candidate for debt settlement would be someone who either [...]

Including all fees, debt settlement costs about 50 to 60 cents for every dollar you owe. So, for example, if you had $40,000 in credit card debt, that debt could probably be settled for somewhere [...]

Debt settlement may be right for you if you’re someone who really does not want to file a bankruptcy but wants to get out of debt fairly quickly. You’ll need to be able to come up with some money [...]

A good candidate for debt settlement is someone who has a fairly significant amount of unsecured debt, does not want to file bankruptcy, and is looking for rapid debt relief. Perhaps the most [...]

There are some disadvantages to debt settlement that should be considered prior to entering any type of debt settlement program. The first disadvantage is that there may be tax consequences to [...]

The primary advantage of debt settlement is that it enables you to get out of debt at about half price. The second advantage is that the time frame from start to finish is fairly short, usually [...]

More than a million people file Chapter 7 bankruptcy every year, and in all of those cases, credit card companies receive nothing. Because they know that Chapter 7 bankruptcy is a very real [...]

Debt settlement can help you in three significant ways: First, it gets you out of debt at less than the full amount you owe – typically between 50 and 60 cents on the dollar, including all fees. [...]