Small Business Debt Solutions - How To Take Advantage Of The Recession And Eliminate Unsecured Debt

Sept. 14, 2009 - PRLog -- Small business debt solutions exist and have never been in higher demand thanks to this past recession. This recession has been described as one of the worst economic periods since the Great Depression and has taken a major toll on the small business sector of our economy. Small businesses must compete with national companies who have a significant advantage over them and when the economy drops it makes it almost impossible to hold a competitive advantage. If a recent business venture has left you $10,000 or more in unsecured debt it would financially behoove you to consider getting a debt settlement. With the help of a debt settlement company, consumers are able to eliminate 60% of their unsecured debt on average although cases in the 70-90% range are not at all uncommon.

Small business debt solutions only apply to unsecured debt. Unsecured debt is basically just debt without a tangible asset backing it up. Credit cards are the most common example. If you have over $10,000 in unsecured debt then you will be eligible for a debt settlement company. The best companies have established relationships with all major creditors and can provide significant leverage on your behalf.

Debt settlements are clearly a better alternative that bankruptcy. Bankruptcy usually takes 7 years to fully recover from while debt settlements typically take 1-2 years. Your credit score will be lowered no matter what but not nearly as bad as bankruptcy. If you are willing to accept a temporary lower credit score to be able to eliminate over 60% of your debt then a debt settlement could be a wise financial decision.

If you want to get out of debt and hire a debt settlement company for debt negotiation then I have an important piece of advice. Do Not go directly to a particular debt settlement company but rather first go to a debt relief network who is affiliated with several legitimate debt companies. In order to be in the debt relief network, the debt settlement companies must prove a track record of successfully negotiating and eliminating debt. They must also pass an ethical standards test. Going through a debt relief network will ensure that the debt company you are provided with is a legitimate and respected company. This is the most efficient way in finding the best debt settlement companies and increasing your chances of eliminating your debt.

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FreeDebtSettlementAdvice.com is one of the largest and most respected debt relief networks on the marketplace today. FreeDebtSettlementAdvice.com is a matchmaker in the debt reduction industry. They pair consumers up with debt specialists in their area free of charge that are most likely to get consumers the best deal.

http://www.freedebtsettlementadvice.com