Debt settlement 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. In America consumers can arrange their own settlements by using advice found on web sites, hire a lawyer to act for them, or use debt settlement companies.
Debt Settlement Corporation of America is a leading company offering debt settlement.The other two largest companies are Debt Relife Alliance and Debt Solutions.
They offer debit consolidation loans, debt settlement, debt management, and debt negotiation services to help people manage their debt payments so they can one day get out of debt.
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.
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.
One can find a debt settlement lawyer from the 'Debt Settlement Attorneys' website. They can also be found on sites such as 'Attorneys' and on 'Yelp'.
One would receive a debt settlement letter online on OVLG's website. OVLG is a company that offers free sample debt settlement and debt validation letters for creditors and credit bureaus.
One can find information about do it yourself debt settlement on legal websites. Specifically, one can view information on how to create debt settlements.
If one has credit card debt, one can contact the credit card company and inquire about debt settlement services, Otherwise, one can go to the government website consumerfinance.
National Debt Relief, Eagle One Debt Solutions, and Fast Debt Settlement are the top 3 recommended services for consumer debt consolidation. They are also well rated through the Better Business Bureau.
If you need to get a debt settlement it would be best to speak with a trusted debt counselor. Sometimes a debt will need to be quite big to be settled. A low debt would get dismissed and you'd have to pay the whole amount.
Some sources for finding free debt settlement include the yellow pages, the internet and local adverts. To get more information one would need to contact the debt settlement companies in order to find the right one for them.
In Charge and Help Settle offer online solutions for settlement debt. One could also hire a lawyer that specializes in the subject to help them personally.