The Best Debt Relief Companies
There’s a lot of options for people in debt – none are good, and there’s a lot of shady companies in the space. They’ll tell … Read More
Debt Settlement
Debt settlement is advantageous to creditors and debtors alike. You can negotiate it yourself, but in most cases it’s best to seek guidance from an experienced debt negotiator at a reputable company. A settlement company makes money by charging a percentage fee on the money they end up saving you.
Example: You owe $10,000 and a debt settlement company settles it at $6,000 over 2-years If the company charges a 40% commission on money saved their “fee” is $1,600. So you will end up paying $7,600 on the original $10,0000.
Please do research before deciding on which debt settlement company (or relief company) to go with – beware of deceptive companies and practices.