Where does a debt settlement company fit into my debt resolution goals?
Debt settlement can be an outstanding debt relief option for people who cannot afford consumer credit counseling but also want to avoid bankruptcy. A debt settlement company will customize a savings plan that fits your financial situation and help you set aside funds to pay off settlements. Due to a debt settlement company’s lack of emotional involvement with your accounts, you can be sure that their negotiating position is objective and effective. When you hire a debt settlement company to negotiate on your behalf, you normally deposit money into a savings account each month that’s administered by a third party. Once enough money builds up in your savings account, the debt settlement company uses those funds to obtain a settlement with your creditors for less than the outstanding balance.
