| The Best Way To Get Rid Of High Credit Card Debt | | | | qualify for bankruptcy. In addition, if a person does |
| If you are overwhelmed with credit card debt, you | | | | qualify, it will remain on their credit reports for TEN |
| should consider debt settlement. You can do it | | | | YEARS. A whole decade of not having good credit. |
| yourself and save thousands of dollars negotiating | | | | You will be subjected to higher interest rates on |
| directly with the financial institutions. | | | | anything you purchase, if you're able to qualify. |
| Stop paying your credit cards. | | | | Debt settlement: you can do it. |
| Don't make any payments on your CC's for 6 | | | | Anyone can do their own debt settlement without |
| months. During this period you will be able to save | | | | agencies and lawyers, but you have to know how to |
| some money or pay down other bills. You will also | | | | do it. You need to negotiate with banks using scripts |
| save money from not paying legal fees or fees to | | | | that have proven to work. When debt settlement is |
| debt consolidation companies. | | | | employed properly, thousands of dollars can be |
| The banks will then negotiate to accept a payment | | | | saved and credit can be re-established in 24 to 30 |
| of 50% to 70% of what you owe. Banks prefer | | | | months. |
| dealing with the credit card holder rather than a third | | | | For example, Maria and her husband had $75,000.00 |
| party. Third parties charge a percentage of the | | | | on 5 credit cards. They wrote letters to the banks |
| money that you owe, typically 15% to 25%. If you | | | | and made appointments for face to face meetings. |
| owed $10,000.00, their cut would be $1,500 to | | | | On one credit card they settled a $20,000 balance |
| $2,500. | | | | for $4,011. Another card settled an $11,800 for |
| Do not consider bankruptcy. | | | | $2,300. It can be done. |
| Most people think that bankruptcy is the only way to | | | | Now is the time to take action. Get rid of the stress |
| eliminate credit card debt. This is not true. There are | | | | and start living again. Save money and get credit |
| alternatives but, if you want to keep your assets | | | | worthy as soon as possible, begining today. No |
| and stay afloat, filing for bankruptcy is not the | | | | attorneys, consolidation agencies, and bankruptcy. |
| solution. | | | | Debt settlement, is the best route to go. |
| Due to the current laws, it is much more difficult to | | | | |