Reduce Your Debts - How to Legitimately Reduce Your Debts by 60% in 12-24 Months

Nov. 2, 2009 - PRLog -- Most of us never see the need to pay anything more than the minimum amount owed to our credit card issuers. We reason that since card issuers themselves do not seek extra, why should we pay more unnecessarily? However, it will take decades to repay your debts if you go on paying just the minimum amount owed. Further, your credit card balance will never come down and you will always there be vulnerable to financial troubles in the event of a recession or any such financial emergency.

As on date, issuers are prepared to waive sixty percent of your debt and accept the balance of forty percent over a period of twelve to twenty four months. Even if you do not normally qualify for a settlement, you can negotiate with your credit card issuer for the same. This will ensure you have at least a forty percent waiver.

You can legitimately bring down your debt by a drastic level in a short period of time with the help of debt settlement. You just have to make sure that you deal with the legitimate settlement company. These companies exist for the sole reason of assisting individuals to bring down their debts. They enter into negotiations with creditors and encourage the creditors to offer waivers in return of certain conditions. If you have the capacity to pay off the same in full, it is advisable to repay the remaining amount and try to ensure it has a positive impact on your credit score. Since everything is written down and is done with the agreement of the other party, there is absolutely no scope for any illegality involved.

The only point you will have to be careful about is not to stop repayments to your creditors until you receive a written and formal intimation that the debts have been settled. Once it has been settled, make regular payments into the escrow account and you'll find that your debt is completely paid off over just twelve to eighteen months. By the end of the second year, you would have repaid all your debts completely.

If you want to find the top performing debt settlement companies then here's some very important advice. Do Not go directly to a particular debt settlement company but instead go to a debt relief network that is affiliated with several established debt settlement 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.



FreeDebtSettlementAdvice.com is one of the largest and most respected debt relief networks on the marketplace today. To find a debt settlement company through FreeDebtSettlementAdvice.com check out the following link:

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FreeDebtSettlementSolutions is a matchmaker in the debt settlement industry. They have paired up thousands of consumers up with debt settlement companies who are most likely to get consumers the best deal.

http://freedebtsettlementsolutions.com