a:3:{s:4:"body";a:1:{s:3:"und";a:1:{i:0;a:5:{s:5:"value";s:2594:"<strong>DEBT SETTLEMENT</strong>

Debt settlement, also known as debt arbitration, debt negotiation or credit 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. As long as consumers continue to make minimum monthly payments, creditors will not negotiate a reduced balance. However, when payments stop, balances continue to grow because of late fees and ongoing interest.

While debt settlement initially will have a negative impact on your credit, it also will save you the most money over time compared to other methods of consolidation. It is the quickest route to becoming debt free.


<strong>DEBT ELIMINATION</strong>

Debt elimination is very similar to debt consolidation and works in much the same way. Eliminating debt with a professional service usually involves the application of reduced interest rates that your company has negotiated with your creditors ahead of time. With lower interest rates, it's easier to eliminate debt because your monthly payments are reduced and more of your money goes toward paying down the principal of the debt. In exchange for access to the exclusive low interest rates, you pay a small fee to participate in the elimination service.

Take a hard look at what’s truly necessary, and be willing to make compromises. Cable TV, satellite radio, and lunches in the office cafeteria are not necessities. If you have a hard time letting go of these things, run your numbers through a debt calculator twice – once with your current budget, and once with additional money currently paying for niceties. You’ll be amazed at how much of a difference those few extra dollars make. 


<strong>DEBT NEGOTIATION</strong>

Debt Negotiation is the discussion and compromise regarding debt by credit counselors and creditors to reach a settlement on debt owed.

Successful settlement occurs when the creditor agrees to forgive a percentage of total account balance. Only unsecured debts not secured by real assets like homes or autos can be settled. Unsecured debts include medical bills and credit card debts - not student loans, auto financing or mortgages. For the debtor, this makes obvious sense, they avoid the stigma and intrusive court-mandated controls of bankruptcy while still lowering, sometimes by more than 50%, their debt balances. Whereas, for the creditor, they regain trust that the borrower intends to pay back what he can of the loans and not file bankruptcy (in which case, the creditor risks losing all monies owed).



";s:7:"summary";s:0:"";s:6:"format";s:9:"full_html";s:10:"safe_value";s:2622:"<p><strong>DEBT SETTLEMENT</strong></p>
<p>Debt settlement, also known as debt arbitration, debt negotiation or credit 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. As long as consumers continue to make minimum monthly payments, creditors will not negotiate a reduced balance. However, when payments stop, balances continue to grow because of late fees and ongoing interest.</p>
<p>While debt settlement initially will have a negative impact on your credit, it also will save you the most money over time compared to other methods of consolidation. It is the quickest route to becoming debt free.</p>
<p><strong>DEBT ELIMINATION</strong></p>
<p>Debt elimination is very similar to debt consolidation and works in much the same way. Eliminating debt with a professional service usually involves the application of reduced interest rates that your company has negotiated with your creditors ahead of time. With lower interest rates, it's easier to eliminate debt because your monthly payments are reduced and more of your money goes toward paying down the principal of the debt. In exchange for access to the exclusive low interest rates, you pay a small fee to participate in the elimination service.</p>
<p>Take a hard look at what’s truly necessary, and be willing to make compromises. Cable TV, satellite radio, and lunches in the office cafeteria are not necessities. If you have a hard time letting go of these things, run your numbers through a debt calculator twice – once with your current budget, and once with additional money currently paying for niceties. You’ll be amazed at how much of a difference those few extra dollars make. </p>
<p><strong>DEBT NEGOTIATION</strong></p>
<p>Debt Negotiation is the discussion and compromise regarding debt by credit counselors and creditors to reach a settlement on debt owed.</p>
<p>Successful settlement occurs when the creditor agrees to forgive a percentage of total account balance. Only unsecured debts not secured by real assets like homes or autos can be settled. Unsecured debts include medical bills and credit card debts - not student loans, auto financing or mortgages. For the debtor, this makes obvious sense, they avoid the stigma and intrusive court-mandated controls of bankruptcy while still lowering, sometimes by more than 50%, their debt balances. Whereas, for the creditor, they regain trust that the borrower intends to pay back what he can of the loans and not file bankruptcy (in which case, the creditor risks losing all monies owed).</p>
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