http://www.debt-teacher.com/n100.html Debt settlement companies can negotiate deals for you so that you pay your debt off at pennies on the dollar. Learn about debt settlement companies here. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 What can you expect when you look for debt help from debt settlement companies? How about drastic reductions in your debt balances? But you have some responsibilities in this too, and there are consequences. However, the best debt settlement companies can help you achieve dramatic results. What Debt Settlement Companies Can Do For You John had about $10,000 in unsecured debt. He was overwhelmed by his required monthly minimum payments and they were causing him to live paycheck-to-paycheck. He had an older model Toyota truck that was just starting to show the signs of its 130,000 miles. He also had a newer Honda Accord. He could sell the truck, and the fishing boat he bought several years ago and just doesn't have time to use. That way, he'd have access to about $5,000, but since that would only cover about half of what he owes, he didn't sell either thing. But if he continued to pay off his debt by paying just the required monthly minimum, it would take him 32 years and to pay off, and it would end up costing him $24,500 because of the interest rates and finance charges. Sounds like he could use a good debt settlement service. Then one day through some miracle, John heard about debt settlement companies. He learned that debt settlement companies could negotiate on his behalf so that he would only have to pay 30-50 cents on the dollar and his debts would be considered settled. So worse case scenario, he'd only have to pay back $5,000. When John heard this, he wanted to know more about debt settlement companies and what the requirements of enrolling in a debt settlement program are. He wanted to know what would be required of him and what the drawbacks were. He learned that he would have to pay the debt back almost immediately, but some debt settlement companies would give him anywhere from one to three years to do it. The drawback we referred to is that your credit record will take a hit--it will appear the same way as a late payment or two would. But if you think about it, what's that compared to the hit your credit could take if you had to file for bankruptcy? Perhaps debt settlement services like a debt consolidation mortgage would be better for you if you want your credit protected at all costs. You can learn more about this and other debt reduction tool on the other pages of this site. Whatever you decide to do, do something. Don't keep sitting on your debt when there are many debt settlement programs to choose from. Find the right debt settlement company for you and get started! Sat, 26 Jul 2008 15:00:00 EDT http://www.debt-teacher.com/n142.html The best debt settlement companies have a proven track record of helping people like yourself drastically reduce their debt levels. As debt settlement is an aggressive approach and depends on their negotiation prowess, it is important to use the best debt settlement companies and not inexperienced companies. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0