Eliminating Debt - How Consumers Can Legitimately Eliminate Debt by 70%

May 10, 2010 - PRLog -- If you are way over you head when it comes to trying to pay back money to the likes of credit card companies and sundry other creditors, eliminating debt is probably a subject that is foremost on your mind.

But now, with the government firmly on the side of the consumer, there are ways to eliminate debt by 70 %, which is no small amount. One of the main conditions however is you have to owe amounts of $10,000 or above and you will be able to get in on a good thing. So say you actually owe $10,000, it would be great if you only had to pay back $3,000, a substantial savings.

When it comes to eliminating debt, a settlement company is the best option because records show they can indeed get the job done. Credit card companies are now finding the going difficult after for long holding sway over their customers. They demanded payments in full and if you missed one payment, the interest rates could cripple you. These firms like nothing better than missed payments as it allows them to twist the knife by adding interest which most people have a very hard time paying.

Harassment:-

A few missed payments later they will send out collectors to harass and embarrass you in front of family and colleagues. However, times have changed and they had to look to the government to bail them out of a financial crisis.

Suitably cowed, they now are forced to listen to settlement companies who are there to negotiate on your behalf. These companies are experts at their jobs thanks to most of their personnel having a wide range of contacts in the financial industry, using their wiles they can reduce the amounts you owe by as much as 70 percent.

However, you have to make sure you have all your financial documents in order before you think of eliminating debt. The relief network and the settlement company will need to be informed of all details to make sure you qualify for a program or else a lot of time will be wasted.

But if you do make the grade, you can be fairly sure your creditors will be more than willing to reduce your debt amount substantially. In fact, they could even allow you to repay the reduced amount owed over an extended period of time.

It would be wise to utilize a debt relief network if you are considering getting a debt settlement. The top debt relief networks are only affiliated with the best performing settlement companies that are established and proven.

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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