<img src="http://www.disputedebts.com/articleImages/2.jpg" />
Due to the high need of settling people's debt in the current economy, many debt settlement companies have sprung up and not all of them are good. What these companies do is they negotiate with creditors to reduce your unpaid dues. They make an agreement that you will pay only part of your dues, but you have to pay that part.
The good and legitimate companies will work for commission based on how much debt they can get the creditor to reduce. They will also abide by all the laws of your state and work ethically. They will not overcharge you and be clear and transparent with their charges. They will also be able to reduce about 40-70% of your debt depending on the circumstances.
The bad debt settlement companies will try to take advantage of you. They know that when you come to a settlement company you do so because you need to. They will abuse this and try to get as much money out of you as they can. The way these companies do business is that they will ask you for an upfront fee. Legitimate debt settlement companies do not care about this because they earn money based on how much of your debt they are able to reduce. So they focus on your settlement.
Some companies will even force you to make monthly payments! Sometimes you will end up paying too much money to the company which means they are useless. These companies also sometimes cross state borders and try to get clients from states where settlement is not allowed. Be sure to avoid these kind of companies.
So what you need to do is find legitimate companies to make sure that your debt will be reduced and you will be able to stand on your feet again. Looking for a legitimate settlement company is not very easy because you do not know all the details of the business and the industry. To help you in finding companies there are debt settlement networks. What these networks do is that they monitor the debt settlement companies. They evaluate the companies based on their practices and past performance. They are committed to making sure that they find legitimate companies. Thus if you want to have your dues settled it is a good idea to go to a debt settlement network rather than going to a company directly.
If you have over $10k in unsecured credit debt there is legitimate help out there. Instead of going right to a debt settlement company you might have heard on the radio or television, it would be wise to use a debt relief network. This way you can be assured that you find a legitimate company in your state. Check out the following link for a list of legitimate debt settlement services in your state:
<a rel="nofollow" onclick="javascript:ga('send', 'pageview', '/outgoing/article_exit_link/2131088');" href='<a rel="nofollow" onclick="javascript:ga('send', 'pageview', '/outgoing/article_exit_link/2131088');" href="/links/?u=http://www.debtreliefemergency.com/" target="_blank">http://www.debtreliefemergency.com/</a>'>Free Debt Advice</a>
contact us for free debt advice = 8884442820
Due to the high need of settling people's debt in the current economy, many debt settlement companies have sprung up and not all of them are good. What these companies do is they negotiate with creditors to reduce your unpaid dues. They make an agreement that you will pay only part of your dues, but you have to pay that part.
The good and legitimate companies will work for commission based on how much debt they can get the creditor to reduce. They will also abide by all the laws of your state and work ethically. They will not overcharge you and be clear and transparent with their charges. They will also be able to reduce about 40-70% of your debt depending on the circumstances.
The bad debt settlement companies will try to take advantage of you. They know that when you come to a settlement company you do so because you need to. They will abuse this and try to get as much money out of you as they can. The way these companies do business is that they will ask you for an upfront fee. Legitimate debt settlement companies do not care about this because they earn money based on how much of your debt they are able to reduce. So they focus on your settlement.
Some companies will even force you to make monthly payments! Sometimes you will end up paying too much money to the company which means they are useless. These companies also sometimes cross state borders and try to get clients from states where settlement is not allowed. Be sure to avoid these kind of companies.
So what you need to do is find legitimate companies to make sure that your debt will be reduced and you will be able to stand on your feet again. Looking for a legitimate settlement company is not very easy because you do not know all the details of the business and the industry. To help you in finding companies there are debt settlement networks. What these networks do is that they monitor the debt settlement companies. They evaluate the companies based on their practices and past performance. They are committed to making sure that they find legitimate companies. Thus if you want to have your dues settled it is a good idea to go to a debt settlement network rather than going to a company directly.
If you have over $10k in unsecured credit debt there is legitimate help out there. Instead of going right to a debt settlement company you might have heard on the radio or television, it would be wise to use a debt relief network. This way you can be assured that you find a legitimate company in your state. Check out the following link for a list of legitimate debt settlement services in your state:
<a rel="nofollow" onclick="javascript:ga('send', 'pageview', '/outgoing/article_exit_link/2131088');" href='<a rel="nofollow" onclick="javascript:ga('send', 'pageview', '/outgoing/article_exit_link/2131088');" href="/links/?u=http://www.debtreliefemergency.com/" target="_blank">http://www.debtreliefemergency.com/</a>'>Free Debt Advice</a>
contact us for free debt advice = 8884442820
SHARE
