A debt settlement is one of the most practical, fast, and effective ways to solve a difficult situation. It completely eliminates your debt!
Credit card companies, banks, and other loan finance companies have devised various sophisticated formulas and techniques designed to force consumers to do what they want.
The law allows such companies to charge excessively high profits, and they have taken advantage of the hardships of their customers to make vast amounts of profits, and their consumers do not even have the slightest clue of how companies are using them.
Let's face it: who can understand all the terms and conditions in a print? Who has time to keep up with the letters and announcements sent to consumers, such as add-ons in their accounts?
This “minimum payment” system is designed so that you can never pay off your debt. You will continue to accrue interest keeping the amount owed above the principal.
These credit card companies and banks, even though they offer exorbitant loans or charge high interest rates, are still recognized as legal because they have a license to do business.
Think of your debt settlement office as your negotiator! We will fight with and represent you in negotiations with your creditors. We can do this so effectively, because our forte is knowing how to negotiate with loan companies.
The highly skilled “ThoatNo.com” staff will act on your behalf entirely, and will strive to minimize any debt you owe in all types of debt (such as credit card debt, unsecured loans, and personal credit loans). Debt companies realize that they will get a better final settlement through negotiation, rather than the debtor choosing to meet in bankruptcy court.
You should know that there are newly enacted bankruptcy laws that make it more difficult for eligible consumers to file for bankruptcy. That is part of the reason most people think applying for debt relief is the best way to get out of debt. Another reason is that, if they qualify for bankruptcy approval, their credit record will be kept for up to ten years, and it will make it difficult for people to get credit in the community. When a credit file is filed for bankruptcy, it will be kept for many years. This will cause difficulties in employment, because many companies will check credit records before hiring employees.
There are other options for debt settlement, other than filing for bankruptcy or continuing to make minimum monthly payments, which are pooling into one debt or consulting with credit card consumer advisory services, using “Consumer Credit Counseling Services” (CCCs). The CCCs are actually funded by financial institutions, which means they have to make more money for them than for you, the consumer. People often wonder, in the end, is the interest going to pile up like a mountain for many years to come? In addition, “CCCs” programs often get listed on your credit report, hurting your credit.
If you are like most people, once you understand the options, you will come to the conclusion that choosing a debt relief arrangement is the simplest choice. You will now read how the Program works and why the “Debt Release” office presents a great choice.
