The prefered method for debt settlement

Just my two cents, but there is nothing that the debt settlement companies can do for you that you can't do for yourself. Before you sign up to pay someone to negotiate your debts for you, try calling your creditors and doing it yourself. You can also call them and negotiate a lower interest rate than you are currently getting. If they don't agree? Tell them your only other option is filing bankruptcy. It's amazing what they'll do if faced with the alternative of getting some money or none.

yeah some people may not have the time or the skill set to take on their own bills.

Its like failures are stepping stones to sucess. You will never know if you dont try and learn.

[QUOTE=usualdamvp;405]yeah some people may not have the time or the skill set to take on their own bills.[/QUOTE]

If you have the time to make the bills you owe it to yourself to make the time to correct them. Signing up for a debt settlement service can add another bill on to the pile you already can't pay.

it takes a lot of time and research to get the help for yourself. and just as much time to research reputable companies. you can't win either way. lol

i agree, and knowing how to do it is the tricky part. it is like a sales call, you basically have to sell yourself.

You need a third party to negotiate for your debt payment to avoid getting bullied. You have to get the best deal possible given the debt quandary you are in. While it may incur additional cost on your part, this could be offset by a good debt payment scheme between you and your lender.

[QUOTE=squirrel;1201]You need a third party to negotiate for your debt payment to avoid getting bullied. You have to get the best deal possible given the debt quandary you are in. While it may incur additional cost on your part, this could be offset by a good debt payment scheme between you and your lender.[/QUOTE]

That's exactly what the debt settlement companies want you to believe. They are shady and many are in bed with the credit card companies. If you let yourself get bullied then you deserve what you get IMO. It is your life and your debt, so why trust it to anyone but yourself?

Hello,

I have no idea about this matter but my well-wisher suggests me a site called [url=http://www.debtxfactor.com]:: Welcome to X Factor ::[/url] provides system for debt settlement management.


Good Bye

Zanchary

The laws are in place to help the debtor. Anyone who doesn't at least become familiar with them before attempting their own debt settlement will likely not get a good settlement.

If you can remember that you have all the power and not the collector, your outcome will be favorable. For example, always get everything in writing. The only thing you agree to over the phone is to receive a letter from the collector outlining the terms of the settlement.

My son was contacted by a collector who made all kinds of promises and subtle threats. So he memorialized the conversation and sent the collector the letter. He was never bothered by this company again. Once you put it on paper, it becomes evidence. Memorialization is a trick people should use. It is really powerful.

Evidence is important as it establishes the facts of the case. If you are smart, you will establish the facts as favorably as possible for you.