Title: Get out of debt maze through debt settlement
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- Internet's first get-out-of-debt community
- 469,953 members
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- Get out of debt maze through debt settlement
Debt settlement is a popular debt relief plan.
It helps you to pacify your creditors and solve
the debt riddle through a lumpsum payment.
You pay less than the outstanding balance. Youre
relieved to finally get out of the debt maze.
Creditor is happy to receive payments.
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Calculations
- The total debt amount is 40,000.
- You pay around 25,000 through a debt settlement
plan. - Your total savings - 15000
-
- Note The percentage varies from person to
person.
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- Perks/Benefits Of Debt Settlement
- You become debt free by paying less than
what you owe - Youre able to avoid the horrible collection
calls - Youre able to save dollars and boost your
financial health - You get respite from the extra fees and
penalties
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Pitfalls/Drawbacks Of Debt Settlement
- Your credit score tanks
-
- Youve to pay tax on the amount saved through
settlement -
- You may still have to face court cases
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Spot On Ways To Choose A Debt Settlement Company
- Check out the company accreditation
- Check if the debt negotiators are certified
- Calculate the settlement expenses
- Go through the written agreement
- Find out if the company charges upfront fees
- Check out the success rate of the company
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3 Things settlement companies dont tell you
- Creditors are not bound to accept a program
- Sometimes, debtors are able to get better deal by
negotiating themselves - Debtors are not required to pay upfront fees
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5 Debt settlement myths busted
- You cant settle debts yourself
- All the companies offer similar kind of service
- Debt settlement will help you solve your debt
riddle quickly - Debt settlement increases your credit score
- Debt settlement stops lawsuits
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3 Things you should have to settle debts on your
own
Negotiation skills
Debt settlement letter
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6 Tips to settle debts on your own
- Work on the delinquent debts
- Explain your payment strategies
- Speak graciously with the creditors
- Negotiate till the creditor accepts your
settlement request - Dont reveal your bank account details
- Review your credit report after settling debts
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When debt settlement works best for you
- Youve failed to get out of debt maze after
repeated attempts - Creditors and debt collectors are making your
life hell - Your credit score is falling rapidly
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- For more information
- Contact us at 800-DEBT-913
- Send mails at jason_at_debtconsolidationcare.com
- Find us on social
networks - Facebook httpfacebook.com/debtconsolidationcare
- Twitter http//twitter.com/debtcc
- Youtube http//www.youtube.com/debtcc
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