Legally Eliminate Credit Card Debt by 50% - Secrets on How to Get the Best Debt Settlement

May 6, 2010 - PRLog -- Of late you must have heard from people you know complaining about the settlement process, saying that they have either been cheated by settlement companies or improper debt repayment options that have not worked in their favor. There are quite a few important points to consider when one has decided to settle debts and come out of the credit card miseries. In this article we will take a look at some of these points to ensure that the reader is well informed before approaching the creditor or seeking help of a settlement firm.

The first thing that the debtor has to consider when approaching a settlement firm is the amount of money he has to part with to bail him out of debts. If the charges are too high it is not worth paying your hard earned money as you already owe a lot to the creditor. The charges are sometimes broken down into processing fees, expert consultancy fees and many other hidden charges which include service charges as well. Do you think that it's worth paying all these charges to the settlement company?

Some settlement programs which may look very appealing and make disproportionate claims require the consumer to pay the debt settlement fees well in advance. This is totally unnecessary as you are paying for service that has not started the process of settlement. Apart from the charges and pre payment of fees the experience of the debt settlement company has to be considered before making a choice of the program you will opt for. The genuineness of the program cannot be gauged by just looking at a web site or talking to a customer service representative. You have to look into the company's track record which will give you some figures like success rates, average discounts offered etc.

If you have high unsecured debts consider the above factors before selecting a settlement firm to handle your debt problems. There are many companies that offer similar services in this domain but only a handful can get you discounts up to 50% and interact politely from the beginning to the end of the debt relief program.

Finding legitimate debt settlement companies is not that difficult but consumers must know where to look. It would be wise to utilize a debt relief network that will qualify the companies for you and ensure that they are legitimate and have proven themselves. To locate the top performing debt settlement companies in your state check out the following link:
Free Debt Advice
(http://www.creditcarddebtnegotiations.com )

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