Debt Relief Advice - Tips On Avoiding Bankruptcy and Reducing 60% of Your Debt

May 9, 2010 - PRLog -- If you owe way too much money to your credit card company, you need to seriously look for debt relief advice to bail you out of a financially tight situation.

For one thing, getting help could help you avoid bankruptcy, which could irreparably damage your credit history and could lead to you being a social outcast. Bankruptcy, regardless of the circumstances leading to it, is not looked upon favorably by people so that is a situation you should try to avoid.

However, the correct debt relief advice could help pull you out of the financial morass and will allow you to get back on your feet. Even if you owe a great deal of money, say $10,000 and up, proper help could mean you could end up reducing 60% of your debt.

So instead of having to pay back the $10,000 you owed in the first place, you could end up paying just $4,000, a substantial savings and an amount which you should be able to comfortably manage to repay.

The right choice

You may well be wondering how this is possible and the answer is simple. If you go out seeking debt relief advice, most will tell you to go in for a settlement with your credit card company.

This involves going through a relief network which in turn will put you through to a settlement company which will negotiate with the credit card company for you. Once the negotiations are over, you will find you will have to pay back less amounts of money because the exorbitant interest rate has been slashed and fees and charges waived.

In fact, you may be able to pay the reduced amount over an extended period of time which gives you ample opportunity to get your finances back in order. Credit card companies have to be willing to give you the opportunity to resolve your financial problems and they are nowadays more than willing to listen since if you declare yourself to be bankrupt, they get no money back.

With a settlement you can pay back the money honorably and with your head held high as the negotiations and the outcome are binding. You will not have to worry about collection agents coming after you but for your part you have to make sure you make your payments in time.

Debt settlement companies are widely available in just about every state however some are just flat out more experienced than others in debt negotiation. That's why it's so important for consumers to use debt relief networks. These networks qualify and only accept the best performing debt settlement companies.

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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://www.freedebtsettlementsolutions.com
contact us for free debt advice = 8886916918