I agree with the position that if you are smart with your money, you will not need debt settlement, but what about the majority of the population that spent the last decade living high on the hog?
I have been through this program and it works. It is not painless but it does work. The system is broken and I left college with $60K in credit card debt and I never had to show any proof of income anywhere.
As the Legislative Chair for USOBA, the most established debt settlement trade association in the country, I was disappointed to see a mischaracterization of the debt settlement industry in your article “A Frugal Shopper Will Not Need Credit Card Debt Settlement”.
Debt settlement isn’t for everyone—but for consumers in serious debt, it can be their last resort before bankruptcy.
The majority of consumers who enroll in a debt settlement program are burdened with serious hardships, such as long-term job loss or sudden illness or death in the family. Often struggling under credit card bills in attempt to stay afloat, these consumers require the results of a debt settlement program that works to reduce their balance and become debt free, as opposed to a credit counseling program with forces consumers to repay 100% of their balance, in addition to ongoing interest and fees. Debt settlement also offers tremendous advantage over bankruptcy. As reported by FICO, bankruptcy can damage a person’s score by up to 280 points, as opposed to a temporary 125 point reduction under debt settlement.
Debt Settlement, bankruptcy and even credit counseling are all debt management and relief vehicles with their own unique merit. Research shows that debt settlement offers significant value, leaving many customers significantly better off than plans offered by the debt management companies. As consumers decide whom to use for debt settlement services, we suggest they look for companies with transparent disclosures, trained and certified debt specialists, a thorough personal budget analysis to determine suitability for their program, bonding, and a consumer education process included with the program.
Programs that reduce the debt principal owed (and not just the finance and miscellaneous bank charges) are critical for cash strapped Americans. Programs that reduce debt principal owed are critical for consumers in financial duress, especially in today’s economic environment.
John Ansbach
Legislative Chair
United States Organization for Bankruptcy Alternatives
Debt Settlement clients are from all walks of life and all parts of the country. The majority faces a legitimate financial hardship – namely, job loss, layoffs, medical bills, divorce or even a death in the family. Financial crises don’t typically happen overnight; the seeds are usually planted months, often years before bankruptcy, eviction, repossession, foreclosure or other disasters ruin people’s financial lives. Moreover, it often takes a year, two or even more to get out of debt. These debt settlement companies provide clients with a fresh start and the opportunity to live debt-free. They act on behalf of consumers, negotiating directly with creditors to facilitate repayment of consumer debts at a reduced percentage of the total amount owed. There is no doubt that Americans desperately need immediate debt-relief options in today’s economy.
panult veriklito / Jul 8 2010
fail and zip code has 5 numbers rofl
btc sridzambra / Jul 8 2010
Federal Government Credit Card Debt Relief – Debt Settlement, Debt Reduction …
zamell / Jul 22 2010
Debt Consolidation Programs | Credit Card Debt? Relief & Consolidation Help Available
topols / Jul 27 2010
Do You Qualify? Program allows US cardholders with over $15k in credit card debt to legally erase 1000s.
pena engman / Jul 29 2010
Not really. It's pretty much just as a bad as bankrupcy. I settled for a few of mine and ended up filing Chapter 7 anyway. Card Cards are a bunch of jerks!
yor rei / Jul 30 2010
mission is to provide consumers like yourself a personalized unbiased financial analysis and then match you with a credit card debt settlement service provider that will assist you in accomplishing your financia…
dinnight nickleppel / Jul 30 2010
please explain further.
enza essiow / Aug 2 2010
You are a genius. I really liked this price matching technique. Thanks for sharing.
kaarespena / Aug 8 2010
I like all the beautiful scenery in this video. I feel like these guys get it.
ana keuson / Aug 8 2010
I have the Citi Bank Platinum Select card and love it. APR is 8.49% no annual fee, and I get rewards. I would strongly reccommend this card but I also have a Bank Of America card that I use all the time. Both cards are great. One thing you should make sure you do is apply through the site below. They pay your their commission when you apply for a credit card. I got $30. Good luck:)
garijsberg wishier / Aug 9 2010
Pay your bills if you can. Try to make more income. Take a part-time job in addition to your regular employment.
feld / Aug 18 2010
Due to the recession, credit card companies are now offering bail-out programs. To see if you qualify, visit us debt-freesolutions.blogspot.com
weilbrazey ser / Aug 18 2010
emotional!
kos cufford / Aug 28 2010
Yes, it does temporarily destroy your credit. I work in debt settlement. We take the money you give us, and put it into a trust account. Then once you get to a decent amount depending on the amount of debt you have, we will negoiate the debt down. We settle for usaully 50%. The problem is that you arent paying your creditors you are paying us.But then the creditors will get paid, and everyone will be happy. And we also offer credit repair. Email me if you want to learn more!
cava gruner / Sep 4 2010
Should you just want to get out of credit debt and take advantage of Obama’s personal unsecured debt relief plan then at this time there has never been a more beneficial time to do so. A mixture of federal government stimulus money in addition to a widespread anxiety amongst the bulk of credit card companies [...]
I agree with the position that if you are smart with your money, you will not need debt settlement, but what about the majority of the population that spent the last decade living high on the hog?
I have been through this program and it works. It is not painless but it does work. The system is broken and I left college with $60K in credit card debt and I never had to show any proof of income anywhere.
As the Legislative Chair for USOBA, the most established debt settlement trade association in the country, I was disappointed to see a mischaracterization of the debt settlement industry in your article “A Frugal Shopper Will Not Need Credit Card Debt Settlement”.
Debt settlement isn’t for everyone—but for consumers in serious debt, it can be their last resort before bankruptcy.
The majority of consumers who enroll in a debt settlement program are burdened with serious hardships, such as long-term job loss or sudden illness or death in the family. Often struggling under credit card bills in attempt to stay afloat, these consumers require the results of a debt settlement program that works to reduce their balance and become debt free, as opposed to a credit counseling program with forces consumers to repay 100% of their balance, in addition to ongoing interest and fees. Debt settlement also offers tremendous advantage over bankruptcy. As reported by FICO, bankruptcy can damage a person’s score by up to 280 points, as opposed to a temporary 125 point reduction under debt settlement.
Debt Settlement, bankruptcy and even credit counseling are all debt management and relief vehicles with their own unique merit. Research shows that debt settlement offers significant value, leaving many customers significantly better off than plans offered by the debt management companies. As consumers decide whom to use for debt settlement services, we suggest they look for companies with transparent disclosures, trained and certified debt specialists, a thorough personal budget analysis to determine suitability for their program, bonding, and a consumer education process included with the program.
Programs that reduce the debt principal owed (and not just the finance and miscellaneous bank charges) are critical for cash strapped Americans. Programs that reduce debt principal owed are critical for consumers in financial duress, especially in today’s economic environment.
John Ansbach
Legislative Chair
United States Organization for Bankruptcy Alternatives
Debt Settlement clients are from all walks of life and all parts of the country. The majority faces a legitimate financial hardship – namely, job loss, layoffs, medical bills, divorce or even a death in the family. Financial crises don’t typically happen overnight; the seeds are usually planted months, often years before bankruptcy, eviction, repossession, foreclosure or other disasters ruin people’s financial lives. Moreover, it often takes a year, two or even more to get out of debt. These debt settlement companies provide clients with a fresh start and the opportunity to live debt-free. They act on behalf of consumers, negotiating directly with creditors to facilitate repayment of consumer debts at a reduced percentage of the total amount owed. There is no doubt that Americans desperately need immediate debt-relief options in today’s economy.
fail and zip code has 5 numbers rofl
Federal Government Credit Card Debt Relief – Debt Settlement, Debt Reduction …
Debt Consolidation Programs | Credit Card Debt? Relief & Consolidation Help Available
Do You Qualify? Program allows US cardholders with over $15k in credit card debt to legally erase 1000s.
Not really. It's pretty much just as a bad as bankrupcy. I settled for a few of mine and ended up filing Chapter 7 anyway. Card Cards are a bunch of jerks!
mission is to provide consumers like yourself a personalized unbiased financial analysis and then match you with a credit card debt settlement service provider that will assist you in accomplishing your financia…
please explain further.
You are a genius. I really liked this price matching technique. Thanks for sharing.
I like all the beautiful scenery in this video. I feel like these guys get it.
I have the Citi Bank Platinum Select card and love it. APR is 8.49% no annual fee, and I get rewards. I would strongly reccommend this card but I also have a Bank Of America card that I use all the time. Both cards are great. One thing you should make sure you do is apply through the site below. They pay your their commission when you apply for a credit card. I got $30. Good luck:)
Pay your bills if you can. Try to make more income. Take a part-time job in addition to your regular employment.
Due to the recession, credit card companies are now offering bail-out programs. To see if you qualify, visit us debt-freesolutions.blogspot.com
emotional!
Yes, it does temporarily destroy your credit. I work in debt settlement. We take the money you give us, and put it into a trust account. Then once you get to a decent amount depending on the amount of debt you have, we will negoiate the debt down. We settle for usaully 50%. The problem is that you arent paying your creditors you are paying us.But then the creditors will get paid, and everyone will be happy. And we also offer credit repair. Email me if you want to learn more!
Should you just want to get out of credit debt and take advantage of Obama’s personal unsecured debt relief plan then at this time there has never been a more beneficial time to do so. A mixture of federal government stimulus money in addition to a widespread anxiety amongst the bulk of credit card companies [...]