Debt,Settlement,Companies,Are, business, insurance Debt Settlement Companies - Are They Worth the Money?
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Debtsettlement companies get paid by collecting a percentage of the debtthat they are able to eliminate by negotiating with your creditors. Thetop performing debt settlement companies will be able to eliminate 60%of your unsecured debt on average. It is possible for a consumer to tryand negotiate a debt settlement by themselves however a debt companyhas a significant advantage over you.Theyhave established relationships with all the major creditors and thebest debt settlement companies are well worth the money especiallysince you don't have to pay until they settle your debt for anacceptable amount. It is critical however that you find the topperforming companies if you want to get your money's worth.Thetop performing debt companies will have a performance based fee systemmeaning that they get paid a percentage of the debt that they are ableto eliminate. Make sure their fee is based on the debt they are able toeliminate not the entire debt balance. Some shady companies will try tomake their fee based on the entire debt balance which will usuallyalmost double their fee. Also, never pay an upfront fee. If a companytries to collect an upfront fee it is probably a loose scam and shouldbe avoided at all cost.Legitimatedebt settlement companies will be able to eliminate at least 60% ofyour unsecured debt. 60% is just the average and cases in the 70-90%are not at all uncommon in this market. The only real negative aspectof debt elimination is that is will lower your credit score at leastinitially. Most people are more than willing to accept a lower creditscore to be able to eliminate over 60% of their unsecured debt.Ifyou want to get out of debt and hire a debt settlement company for debtnegotiation then I have an important piece of advice. Do Not godirectly to a particular debt settlement company but rather first go toa debt relief network who is affiliated with several legitimate debtcompanies. In order to be in the debt relief network, the debtsettlement companies must prove a track record of successfullynegotiating and eliminating debt. They must also pass an ethicalstandards test. Going through a debt relief network will ensure thatthe debt company you are provided with is a legitimate and respectedcompany.FreeDebtSettlementAdvice.comis one of the largest and most respected debt relief networks on themarketplace today. To find a debt settlement company throughFreeDebtSettlementAdvice.com check out the following link:Free Debt Advice(http://www.freedebtsettlementadvice.com) Article Tags: Debt Settlement Companies, Debt Settlement Company, Debt Relief Network, Debt Settlement, Settlement Companies, Settlement Company, Debt Relief, Relief Network
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