Hi,
The disadvantages of Debt Settlement are:
1. Credit scores drop dramatically.
2. Your phone bell rings like Sunday Church bell. Creditors and collectors try all possible ways to get money from your pocket. 3. Your Creditors can sue you for non- payments. If you want to know solution of above 3 problems, you can contact me on my message board.
Hint: Search for DAAN and Credit Repair in Google.
Off course, many debt settlement companies are increased in numbers but, one can compare the debt settlement company's policy before taking any debt settlement program. For further details, visit http://debtsolutionsgrp.com
Debt settlement is good for your credit rating. Just settle the debt and move on. Do not use a debt settlement company, ever.
Reviews on debt settlement companies can be found on Top Ten Reviews, Debt Settlement Reviews, My Money Coach, No More Debt and For the Love of Money.
There are many reputable debt settlement companies out there to help people with solutions to debt problems. You can check with the Better Business Beurau to find the beat rated debt settlement companies in your area.
Debt settlement, also know as debt arbitraton or debt negotiation, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.
Please check the answer here: http://wiki.answers.com/Q/What_are_the_disadvantage_of_debt_settlement&updated=1&waNoAnsSet=1
Yes, you have to declare what you save to the IRS if you go through debt settlement. You can read more information at www.debtfreedestiny.com/debt-settlement/debt-settlement-and-income-taxes
Off course, many debt settlement companies are increased in numbers but, one can compare the debt settlement company's policy before taking any debt settlement program. For further details, visit http://debtsolutionsgrp.com
Debt settlement is good for your credit rating. Just settle the debt and move on. Do not use a debt settlement company, ever.
Reviews on debt settlement companies can be found on Top Ten Reviews, Debt Settlement Reviews, My Money Coach, No More Debt and For the Love of Money.
The best debt settlement attorneys in Boston, Massachusetts work at reputable firms such as Afford & Bertron, Parker & Associates, and Worchester Debt Settlement.
There are many reputable debt settlement companies out there to help people with solutions to debt problems. You can check with the Better Business Beurau to find the beat rated debt settlement companies in your area.
Debt settlement, also know as debt arbitraton or debt negotiation, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.
AnswerDebt settlement helps you in reducing your debt amount significantly, the debt settlement company negotiates with your creditors to reduce your debt amount. It is a better option than filing bankruptcy. I took help of Freedom Debt Relief and their debt reduction program helped me in reducing my debt amount.
One can find information on debt settlement by speaking to a financial advisor. Debt settlement will usually consolidate all of your loans, bills and other debt, so one can make payments monthly.
Debt Settlement Corporation of America is a leading company offering debt settlement.The other two largest companies are Debt Relife Alliance and Debt Solutions.
The advantages of a debt settlement program are that one can potentially get their debt load reduced and pay off the balance sooner. Usually one would have to negotiate with the creditors in order to come up with an agreement for the debt settlement.