Here is the truth about
who needs a formal program to help resolve
your debt problem, and who does not.
The focus of this article is
to provide honest guidance from someone who has
been in the industry
for 10 years. And is a committed expert and consumer
advocate.
While I will focus on debt settlement let me start by saying if you
have
high credit card debt and can make the payments, but also have very
high
interest rates, you are crazy if you do not explore a debt management program
and get your interest rates lowered and pay off the debt in 5 years,
and here
is the good part—save tons of money in interest. It is a simple
program to set
up, and will not wreck your credit. Few people have the
discipline to set up
their own debt snowball program, a phrase made
famous by Dave Ramsey.
If
you are drowning in debt now, it will only get worse without an
intervention. If
you are missing payments, robbing from Peter to pay Paul,
then it’s time to seek
free credit counseling and see about what a program to settle your debt for less is really
all about.
First,
lets take a look at this article from the insidearm.com newsletter.
This is a
newsletter from the debt collection industry, that trains debt
collectors on
their craft. This one was titled “Secrets Of Defeating FDCPA
Claims”. FDCPA
stands for the fair debt collection practices act. It is what consumers who
insist on dealing with their own debt problems use to try
to defeat debt
collectors in court. usually after running up large debt loads
that they know
they really owe. ( I did not mean to offend anyone with that statement).
I cannot tell you how widely read my article entitled "debt validation not answered" is. The debt collection industry has become increasingly sophisticated as has the settlement industry. So unless you have assets that cannot be touched, otherwise known as exempt assets, then you are foolish to take on the debt collection industry alone. Listen to this recording from a debt collection industry training program. this will give you an idea of how sophisticated they are: http://traffic.libsyn.com/thedrill/TDCD_ep20.mp3)
Yes, I know there are numerous articles that tell you just settle your debts for pennies on the dollar. But, the truth is, if you have money or assets to protect then rest assured that a collector will eventually get to them. Which is exactly why you need professionals to help you. The collectors would rather deal with your hired experts than deal with you, but if you insist on taking them on yourself, you better be very smart, because the best you can hope for is to slow them down.
Yes, I know that this article cannot begin to cover every circumstance regarding debt settlement and debt collection issues, so if you are reading it and would like more information, please do not hesitate to call or email us, using the information below.
The Credit Counseling is always free.
Yours Truly
Steven Ciantro
Consumer Advocate
American Debt Enders
Certified Credit Counselor
TalkShoe Radio
Host
Member National Association of Certified Credit Counselors
Debt Expert for Gail Kasper's Top 1% Club
Gail Kasper's Top 1% Club
877-766-2465
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