Debt-Settlement-Á-And-Debt-Consolidation-Are-A-Par33

Document Sample
Debt-Settlement-Á-And-Debt-Consolidation-Are-A-Par33 Powered By Docstoc
					Debt settlement and Debt consolidation are
a part of the debt program run by the debtÂ
   management companies. Customers in
 various debt situations visit debt counseling
 agencies to get relief from the current debt
                  situation.




credit consolidation
Debt settlement and Debt consolidation are a part of the debt program
run by the debt management companies Customers in various debt
situations visit debt counseling agencies to get relief from the current debt
situation The counselors are usually trained to handle tender financial
situation of the customers
 The customer is made aware of how to handle his budget and finances
in the current situation The customer is made to evaluate his current
financial situation in order to determine if settlement or consolidation will
help him come out of the current debt Debt consolidation: It is the
program taken up for the customers with multiple debts
 The customer is waging a war against different creditors and making
multi cheque payments on the monthly basis The consolidation company
negotiates with each debtor and pulls down the debt bill by 40-60% All
late payment charges and interest charges are forgone and minimum rate
of interest is negotiated with the creditors for payment
 The consolidation company takes charge of payments to be made to all
the creditors The customer credit consolidation makes one single
payment to the consolidation company and relies on them to handle all
the creditors payments The services are availed at a particular cost
 Debt settlement : While consolidation is for multiple debts, settlements is
for a single debt The negotiation process is held by the settlement
company to bring down the debt bill and interest rate of payment Both
consolidation and settlement have an adverse affect on the credit rating
of the customer
 By making regular payments the customer puts it back in the re-building
phase It is best advised to take help of debt consultant to evaluate one's
debt situation and get the best suited advice for it If you want to get
out of debt and hire a debt settlement company for debt negotiation then I
have an important piece of advice
 Do not go directly to a particular debt settlement company but rather first
go to a debt relief network who is affiliated with several legitimate debt
companies In order to be in the debt relief network, the debt settlement
companies must prove a track record of successfully negotiating and
eliminating debt They must also pass an ethical standards test
 Going through a debt relief network will ensure that the debt company
you are provided with is a legitimate and respected company This is the
most efficient way in finding the best debt settlement companies and
increasing your chances of eliminating your debt
FreeDebtSettlementAdvice
com is one of the largest and most respected debt relief networks on the
marketplace today To find a debt settlement company through
FreeDebtSettlementAdvice com check out the following link:
credit consolidation

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:2
posted:10/16/2012
language:Unknown
pages:11
Description: the creditors payments The services are availed at a particular cost