Ultimately,
while debt settlement services can help negotiate on your behalf and help manage your payments to creditors, not all creditors will always agree to accept less money than they are owed.
Not exact matches
With multiple companies offering a commercial
service to collectors to identify consumers enrolled in
debt settlement programs through the use of an aggregated database of
debt settlement consumers, many buyers and collectors have developed a hybrid strategy of working directly with a few large
debt settlement companies
while also scrubbing collection files and submitting offers through third party
debt settlement account aggregators.
Here's the good news:
While not every so - called
debt settlement company is a scam, they all charge big fees for a
service you can very easily do yourself!
If you get a credit card summons in South Dakota
while enrolled in a
debt settlement program through Golden Financial
Services — a
debt settlement attorney in South Dakota will settle it before the court date.
It's worth mentioning that
while you're offered the chance to apply for loans, this isn't a
debt settlement or
debt consolidation
service.
Hawaii
debt negotiation and
settlement services allow you to sit in the backseat and relax,
while professional negotiators steer the wheel and drive you out of
debt.
The
debt settlement program at Golden Financial
Services is set up to save consumers the most money and time,
while also providing consumers with an enormous amount of financial education.
While all
debt settlement companies offer this
service as part of their program, not all
debt settlement companies have the same level of negotiation experience, so not all can deliver the same amount of savings /
debt reduction.
While the federal government in many ways regulates
debt settlement in addition to state governments, it's important that you as the consumer follow up with any firm you work with to find out if they are able to legally provide
services in your state.
Nationwide Asset
Services, a company under investigation by the New York Attorney General, has disclosed that
while Nationwide Asset
Services promised consumers
debt reductions of between 25 to 45 percent, in fact only 64 customers out of 1,981 actually completed the
debt settlement plan.
But one of the risks of
debt settlement services is that it can hurt your credit score if you do not repay
debts while waiting to negotiate a
debt settlement.
While many websites focus on pitching Tax Resolution Companies, tax attorneys, or other specialty
services, Forget Tax
Debt is all about empowering you to achieve an excellent IRS Tax
Debt Settlement, entirely for free!
It also does not take into account the growing balances in a
debt settlement program from additional interest and fees that build
while the consumer attempts to pay advance fees and save money to settle or the cost of the
debt settlement service provided.