If you are one of the millions of Americans struggling with credit card debt, loan debt, or other kinds of debt, it may feel like there’s no way out. But here is the good news: there is.
Cut Your Debt In Half
The credit card companies know that tens of millions of Americans are living paycheck to paycheck, and they also know that it’s better to get something – rather than nothing – from consumers who default on debts or declare bankruptcy.
One of the great truths in business is that everything is negotiable. When it comes to the balances you owe on your credit cards, the opportunity to negotiate what you actually owe is as great as ever. With a little bit of knowledge and guts, you might be able to cut your balances by as much as 50-70%.
Here’s what professional negotiators at top debt settlement companies are currently seeing:
* These are “typical” results, actually slightly “padded”. The best negotiators have even better percentages on average, but these numbers represent professionals as a whole.
** The circumstances of your financial hardship may play a huge role in negotiations.
How Debt Settlement Works
Here’s the truth about debt: Your credit card company is perfectly happy with you paying your minimum payments. In fact, they would rather you pay month after month, year after year, decade after decade. A debt relief plan can end that cycle, and could save you thousands of dollars as well.
Debt settlement, often referred to as debt relief, is the process of offering a large, one-time payment toward an existing balance in return for the forgiveness of the remaining debt. For example, someone who owes $10,000 on a single credit card may approach their credit card company and offer a one-time payment of $6,000. In return for this one-time payment, the credit card company agrees to forgive or erase the remaining $4,000.
A debt settlement company will set you up with an escrow account where you’ll make payments until you have enough money saved up for them to begin the negotiation process. Since they negotiate on behalf of thousands of customers, debt relief firms have a lot of negotiating power. As settlements are successfully made, your credit card balances shrink month after month and before you know it, you’re out of debt.
How to Get Relief From Credit Card Debt
Can you imagine what being debt free is like? They say money doesn’t buy happiness, but from all reports, being debt free allows people to live better lives. For example, couples who have no debt argue less, and can do more fun things with their money.
Would you like to be one of them? Then take five minutes to look into a debt relief program. It costs nothing, and won’t affect your credit one bit. And it could save you thousands.
It takes only a few moments to enter your information and see what debt relief plans are available to you. Best of all, it’s completely free, and a free debt relief savings estimate won’t hurt your credit one bit.See If You Qualify