LETS REVIEW CONSOLIDATION OR REFINANCE: I can’t tell you how many times I have spoken to someone who is ready to sign with a debt settlement service who tells them to stop paying their debt! I have helped many people get from under the burden of high interest or high payment debt, for a fraction of what they would pay with these services. I appreciate when someone saves me money, so I do the same for others. I want to see them keep as much money as possible. But what is the purpose of doing a consolidation if nothing changes? I also offer strategies and ideas of how to curb spending and to change a poverty mindset to a healthy one. But the next important step is to repair credit. I gives charts and detailed information on how to do this for each client. The debt settlement agencies do not offer this full service package. Read below for some more information: If I can help you or a friend, just ask and I would be honored to: [email protected] DEBT SETTLEMENT SERVICES EXPLAINED. VERY RISKY. Generally, debt settlement companies ask that consumers withhold debt payments and instead grow personal savings for a lump-sum offer of settlement to creditors at a point somewhere – often years - down the road. Meanwhile, payment of all or a majority of service fees to the debt settlement companies – often amounting to thousands of dollars - happens right up front during the savings program (usually within the first three to four months). The up-front fees are collected before the debt settlement companies reach deals with creditors, and frequently before they contact creditors. This process can create a high degree of risk for consumers, who are open to abuse by companies interested only in collecting up-front fees while leaving consumers to deal with disgruntled creditors, most of whom are not interested in waiting for years to accept a pennies-on-the-dollar settlement. Consumer credit ratings can also suffer in the process.
Posted on: Tue, 15 Oct 2013 18:50:58 +0000
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