Benefits of Debt Relief
There are many significant financial and emotional benefits that can be realized with debt relief solutions.
- Debt Settlement Can Save You 40-55%!
- Credit Card Debt Negotiation Eliminate High Interest Rates
- Consolidating or Settling Debt Lowers Your Monthly Payments
- Increased Cash Flow with Negotiated Debt Repayment
- Increased Wealth with Improved Debt Management
- Improved Peace of Mind with a Fresh Start
How much can I save by negotiating my debts?
In the initial contact letters, creditors will typically offer a settlement of 75 or 80 cents on a dollar. But in the end, most of credit card debt accounts settle in a range of 30 to 50%. Debt settlement programs typically last 12 to 36 months, with the money you put in each month for debt settlement going into an escrow account until there's enough there for the debt negotiator to use for a settlement payment.
According to a recent survey conducted by the National Association for Business Economics (www.nabe.com) the combined threat of subprime loan defaults and excessive indebtedness has overtaken terrorism and the Middle East as the biggest short-term threat to the U.S. economy. As a result, an increasing number of borrowers are turning to credit card debt relief programs that allow them to negotiate away a significant part of the balance that they owe. 40 to 55% debt reductions are being reported by debt settlement companies every day. The thought of eliminating 50-60% of your debt is becoming a reality. Creditors would rather take a partial settlement than nothing at all, which is pretty much what they would get if you filed for bankruptcy.