Debt Settlement and Negotiation is a legal method that provokes creditors into accepting lower settlement amounts. Debt settlement is an extremely beneficial tool utilized by consumers with credit card debt.
Debt Settlement is one way to permanently eliminate your debts. After your outstanding and past due debts are negotiated with the creditor they will report your account as settled for a less than Owed amount. read more..
Credit is good for one thing and that’s to get you more debt. Remember the reason why you were looking for help in the first place, you have as much or more credit than you can handle right now.
The good thing about our program is we have a minimal impact on your credit. Generally, 6 months after you finish the program your credit is as good, or better than it is right now anyway.
The part of your credit that we affect is your payment history. This is the smallest factor in determining your credit score. It accounts for 35% of the score and the easiest part to resolve because it’s on a revolving 6 month basis. The part of your credit we help is your debt to income ratio. This is what tells the bank if you have too much credit or if you are a good credit risk. This accounts for 30% of your score.
So as a matter of mathematics, you are going to be better off when done with the program; plus you are debt free!