Get Out of Debt - Things Every Consumer Should Know About Debt Settlement Companies

Feb. 1, 2010 - PRLog -- If you would like to get out of debt you are in the majority. There are more people currently in debt than any time in history and debt settlement companies are seeing a huge demand from consumers looking to get out of debt. Due to the huge demand there are new debt settlement companies entering the market everyday and not all of them have your best interest in mind. It is critical that consumers know where to find established and reputable companies in order to receive the best deal. This article will teach consumers on how to search for the top performing debt settlement companies in their area. Finding the right company can save you a lot of money and stress.

If you are at least $10,000 in unsecured debt you will be eligible to utilize the services of a debt settlement company. The most common form of unsecured debt is credit cards. If you are in credit card debt there really has never been a more advantageous time to try and settle your debt. A top performing debt settlement company will be able to eliminate at least 50% of your credit card debt although the best company average around 60%. The only consequence of debt settlements is that consumers will get a lower credit score initially but nowhere near as bad as bankruptcy. Most Americans are more than willing to trade a lower credit score for a 60% debt elimination.

If you are at least $10,000 in debt it would financially behoove you to talk with a debt settlement company. They will be able to provide you significant leverage to the negotiation process and will also handle all of your creditors annoying calls. They have established relationships with all the major creditors including credit card companies, banks, and medical institutions. They also know that creditors are very worried in this market about collecting their money. The debt companies definitely control the leverage in this market over creditors and it would financially behoove you to take advantage of the market while conditions are so favorable.

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.

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