If you have income but can no longer afford to make the minimum payments on your unsecured debt — credit card bills, medical bills, apartment leases, cell phone bills, utilities — your debt may be a good candidate for debt negotiation/debt settlement. Creditors may agree to accept less than the full amount of your debt under certain circumstances, particularly if you are experiencing financial stress. Although not required, you can fare better in a settlement when you employ the services of an experienced debt relief law firm.
Here are some of the advantages to having a debt relief law firm conduct your settlements:
Protection from collection lawsuits
Some debt repayment plans, such as credit counseling, may leave you vulnerable to litigation involved with debt collections should you fail to meet your obligations or at any other time during the process.
Payment of less than the balance you owe
Partial payments on your total debt – you could end up paying more on your debt if you try to negotiate on your own or without an experienced attorney. A debt negotiation/ debt settlement attorney can finalize a reduction of up to 60 cents on the dollar or less for your repayment. In addition, the settlement can include removing your payment obligations associated with late fees and interest rates. Through this process, you can save a significant amount of money and reduce your stress level.
Protection from debt settlement scams
Unfortunately, some companies that offer debt relief services are really crooks out to take your money. The Federal Trade Commission reminds consumers that it is illegal for companies to demand fees in advance for debt settlement services. You don’t have to worry about falling victim to a well-organized scam if you retain the services of a competent lawyer.
Contact A1 Debt Solutions, for honest and successful settlement services. After your free your consultation, our experienced debt counselors can help you resolve your problems.
Choose a path that will lead you to FINANCIAL FREEDOM
Call Now! 888-248-4468
See more at: https://a1debt.net/
Are you caught up in the “Balance Transfer Game” trying to juggle your credit card debt?
Many people that get in over their head in credit card debt and may get caught up in playing the “Balance Transfer Game”. This is transferring the balance of one card onto another (normally a new card offering low introductory interest rates) in an attempt to lower interest rates and/or monthly payments.
This can work effectively only if you are planning to pay off the debt in the next few months. Unfortunately, what usually happens is the low interest ‘introductory rate’ of the card expires before you make any substantial dent in the debt. When the introductory low interest expires and the high-interest rates kick in you are right back where you started from. This may have lowered the minimum monthly payment for a short time, which is really just interest and does not effectively reduce the overall debt load. This does give the cardholder some temporary peace of mind that their payment is lower, however, sooner than later you’re still going to face that huge principle you transferred in the beginning. This is a temporary solution to a permanent problem and not a very good one at that. Basically, you’re just borrowing time (and a lot of money) from someone new who is willing to carry-over your debt so they can collect the profitable interest. Remember, interest is where the credit card companies make their profits. The more you pay, the happier they are!
Looking for debt relief:
Our Debt Elimination plans may be a solution for you. In a nutshell, we can substantially reduce your unsecured debt with a total cost to you of about 60 cents on the dollar. We can also arrange payments that meet your budget instead of what your creditors may be demanding. We can save you thousands of dollars on your debt, not to mention thousands more in interest you would pay over the next several years.
Choose a path that will lead you to FINANCIAL FREEDOM!
Call today for a free consultation,
Learning a Few Ways to Cope with Debt
For those who have enormous credit card balances and other financial obligations, finding the most efficient debt elimination tips to guide them in getting rid of all their debts is crucial in living a debt-free life and enjoying an improved financial status. If a number of your present debts is also huge, then remember that there are no quick-fix solutions to the problem. Spending time and exerting effort to eliminate your debts completely is still essential. There are a few methods that can help in settling your debts. However, borrowers should remember that it is their ability to commit to reaching their financial goals that can make the whole process of eliminating debt less than difficult and complicated. Some highly efficient solutions to eliminate debt are the following:
Discovering Ways to Eliminate All Your Financial Obligations
Unpaid financial obligations carry adverse consequences. This often results in the loss of your property and foreclosure. Debtors who still have unpaid obligations are also at risk of facing a lawsuit related to breach of contract. Your inability to make timely debt payments can also adversely affect your credit score. This makes it extremely difficult to obtain credit or loans in the future.