Debt Reduction
Debt settlement is a process where negotiations are made on defaulted unsecured debt,
to make a one time payment on the balance owed at a much reduced amount than
originally was owed.
Many folks find themselves saving almost half of what...
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Debt Reduction
Debt settlement is a process where negotiations are made on defaulted unsecured debt,
to make a one time payment on the balance owed at a much reduced amount than
originally was owed.
Many folks find themselves saving almost half of what they owe
through this process and are debt free within a couple of years.
Now this may sound almost too good to be true.
Saving half of what you owe and
being out of debt in a couple of years.
But I assure you it is not; while the benefits are
amazing the process is not the most pleasant in the world.
In order for any creditor or
collector to be willing to negotiate on your balance owed you must default on the
accounts.
Only by not paying them will they be willing to negotiate a deal with you.
The vast majority of debt reduction services are not scams; although there are some
flat out scammers around there are not many.
The problem lies when a company
knowingly puts people onto a program they know will not succeed for that person
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