Debt Settlement – A Powerful Tool for Customers Experiencing Unmanageable Credit Card Debt

Aug. 22, 2012 - PRLog -- If you have suddenly found yourself in a sea of debt, you are certainly not alone. Over 40% of Americans are currently in debt. American consumers are close to $2 trillion in debt. 25% of American families have no savings at all, while the average American household has more than $8,000 in credit card debt.

So, what can you do about it? You can turn to Debt Settlement services.

With Debt Settlement, Global Financial Services becomes the middleman between you and your creditors. We work objectively on your behalf to negotiate with your creditors, negotiating significant reductions in your current unsecured debts, while putting you in a payment program that will in most cases afford you more monthly savings in cash flow.
Even though the creditors are not receiving the full balance of what they are owed, creditors tend to agree to settlement, as it ensures that they will get a portion of their balances owed, and they can avoid the hassle of coming after you. After all, they’re using their own resources to track you down, report you to the credit bureaus, and send you past due notices.

For you, debt settlement is a great solution because it puts an end to your debt nightmare. Once your creditors agree to Global Financial Services offers, they will stop sending collection agencies after you. And, once your payment is made, your credit reports will be updated to show a $0 balance owed. It’s a welcome sight for people who feel like they’re drowning in debt!

Why do you need a debt settlement company? Can’t you just talk to your creditors yourself?

Creditors are not likely to negotiate with private people on their own. There are many perspectives about why this is. Creditors do not like to admit that they will take less money than what’s actually owed. However, Global Financial Services can often negotiate a settlement offer that is 50-70% less than what you owe. Many creditors will even agree to waive late fees and high interest rates in order to get the situation resolved. Creditors know that after you default on your regular payments, as time goes on, the chances of them collecting the full balance is reduced more and more. Furthermore, you have probably been making high interest payments to them for quite some time. If you do the math, you have most probably already paid a substantial amount of what you owe in interest payments!

But if you don’t have enough money to cover your debts, how do you make a one-time payment?

Global Financial Services has you covered! We create a special purpose bank account for you, in your name only, that you will make monthly payments into, in order to accumulate the funds to settle with your creditors. Furthermore, we can make term settlements that allow the payments of principal only to be paid over several months.

Lastly, Global Financial Services isn’t just here to settle your debts. We pride ourselves on providing our customers with a wide variety of financial education, tools, and ideas in order to ensure that you don’t get into financial trouble again. Our certified debt specialists will take the time to listen to your story, get to know you, and provide information on how to live a better, debt free, lifestyle.

One more thing. Global Financial Services charges No Up Front Fees, Period! You do not pay a dollar to us until we have settled your debts, and performed for you. To us, that is the ultimate peace of mind for our customers, ensuring that we do everything in our power to settle your debts quickly, and efficiently.

Visit us at www.globalf.org, or call today @ 877-888-9659.