Debt resolution companies often are experienced at negotiating with creditors and may have relationships with major creditors, specifically credit card companies.
If you work with a
reputable debt resolution company, they will try to negotiate with your creditors to accept payment of a percentage of your unsecured debt in exchange for settling the entire debt.
Many debt resolution companies will try and force you, the square peg, into the round hole labeled debt resolution because they're only worried about the bottom line sale.
Founded and managed by debt resolution experts, Performance Settlement recognized the flaws within the debt resolution industry and its approach to charging upfront fees without
holding debt resolution companies accountable for actually settling the client's debt.
Debt resolution companies may promise results that sound too good to be true — and they probably are.
The Federal Trade Commission (FTC) suggests you look for a number of additional features in
a debt resolution company to determine its legitimacy.
Creditors have no legal obligation to consider any settlement deal, so
a debt resolution company can not honestly ensure an agreement.
Not
all debt resolution companies are the same, and consumers owe it to themselves to pursue all available options.
Freedom Debt Relief is
a debt resolution company based in San Mateo, Calif..
When you owe a significant sum of money like this, the IRS is far less likely to negotiate your debt down, at least without the assistance of tax specialists, attorneys or
debt resolution companies.