Learn about Debt Settlement Programs Online
@ DebtConsolidation.bz
Get Debt Consolidation Help from CareOne Debt Relief Services!
CareOne providers have years of experience assisting consumers that have needed help with debt problems. This is done without requiring debt consolidation loans.
Call: 800-809-1460 now or get started online!
Debt Help Topics
Benefits:
- Consolidate debts into one payment.
- Reduce your interest rates.
- Get lower monthly payments.
- Get late fees waived.
- Eliminate collection calls.
- 24 / 7 account access.
Call: 800-809-1460 now!
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Debt Relief Program: Debt Settlement
Debt Settlement Overview
Debt Settlement: An aggressive form of debt relief which may
be appropriate for individuals whose debts total in excess of $10,000. Under a
debt settlement program, a settlement company will negotiate with creditors to
lower the outstanding balance. This differs from debt management where the
credit counseling agency negotiates lower interest rates. What this means for
consumers is that if successful, you can walk away paying less than you owe to
settle your debt. It is important to note that some creditors will never settle
for an amount less than owed and do reserve the right to take legal action
against the debtor.
Monthly payments made under a debt settlement program are placed in a
settlement fund in anticipation of reaching a settlement with creditors. The
funds are not distributed to creditors on a monthly basis as in debt management.
You build up a settlement amount in monthly increments, which can be more
affordable for the average consumer. One distinction with Debt Settlement is
that all of your unsecured debts are eligible for a program, versus debt
management, which relies on the established creditor
relationships.
‡ Please Note: Unsecured debts concern any kind of debts or bills that are not secured by your assets, such as personal loans, retail and other credit card financing, and outstanding utility bills. Car or home loans are not unsecured as the loan uses them as collateral.
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