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The following article about debt negotiators and how they differ from
consumer credit counselor is intended to stir your thoughts. Hopefully you will
not have a need for this information but if you do or have already used a debt
negotiator. Please share some tips based on your experiences with eliminating
your debt.
Debt Negotiators– Reduce or Eliminate High Interest Bills
Debt negotiators work for the debtor unlike consumer credit counseling
companies who are often funded directly by the credit card companies themselves
and so have no real interest in reducing the principle – the actual amount of money that you owe. Debt negotiators
take an aggressive approach to reducing the amount of your debt as well as
arrangements and advice concerning consolidation loans and
bankruptcy.
Bankruptcy is a last resort that isn’t even always a way of
escaping a bad situation at all since the arrangements can and often do include
paying the full amount of debt in full over some period of time. When the
inconveniences and embarrassments of bankruptcy are considered then bankruptcy
often isn’t as viable an option as first it appeared. Credit reports can be
adversely affected and often higher interest rates on future loans is charged
because of the past bankruptcy. Having to declare the bankruptcy on job or work
applications can cause future problems as well and often bankruptcy can be a
strategy whose solution is worse than the initial problem. At pacificdebt.com
they work diligently to avoid bankruptcy and to maintain or if necessary
establish a good credit rating for their clients.
The debt negotiators at
pacificdebt.com have negotiated settlements where debt that would have taken 10
years to pay off took less than 2 years. The consumer credit counseling
companies (remember, controlled by the creditors themselves) could only offer a
solution that involved exactly as many payments as they felt the debtor could
handle without breaking under the strain and not one month less – they after all
get paid by the amount of debt they
recover, they have absolutely no incentive to get the debtor a break, their job
could even be considered to be one of keeping the debtor away from
pacificdebt.com and their debt negotiators.
Some debtors just continue to
live from day to day, paying off usurious interest and never catching up – they
struggle in silence for years and still end up owing as much as when they
started. A debt negotiator will be able to get the creditors to reduce the
client’s debts by 40-60% and reduce the monthly payment considerably. This
obviously leads to getting free of the crushing burden of debt quicker than any
way except bankruptcy and without the stigma of bankruptcy.
A debt
negotiator is committed to the overall financial well-being of their client.
Usually people entering a debt negotiation program will not have a good credit
score but if credit is managed wisely over the term of the enrollment then the
credit score will rebound in the long run as opposed to bankruptcy where the
action stays on a credit report for up to 10 years and remains in court records
forever. All unsecured debt is allowable in a debt negotiations program
including legal and medical bills, credit card debt, accounts in collections,
etc.
Even if you are under a heavy burden debt, low interest credit card debt
consolidation may not be the best solution for you. Debt negotiations are
always best done by a third, mutually neutral party - debt negotiators.
Come to our website and let us provide you with the assistance that you
need!
Technorati Tags: Debt Settlement, Credit Card Debt, Debt Consolidation, Consumer Credit Counseling
