Legitimate Debt Settlement Programs – Your #1 Source Online For Debt Settlement
When it comes to eliminating unsecured debt, settlement is one of the myriad of excellent alternatives. With debt settlement, you can reduce the amount you owe to almost nil. But what is debt settlement exactly, and where can one find legitimate debt settlement programs? This article will explore this as well as point you in the right direction.
Debt Settlement Explained
In order to get debt settlement, the process has to be initiated by the debtor (the person who owes) and the process involves back and forth negotiations between the debtor and the company to whom the money is owed. The negotiation process can be handled by the debtor or through a third party debt settlement company. This company will take care of all the paperwork and necessary filings to ensure that there is a successful outcome.
A successful outcome occurs when the company to whom the money is owed, agrees to eliminate a portion of the debt. This can vary but typically you can have as much as 80% of the total debt eliminated. Success depends a lot on personal circumstances and how effectively the third party company works on your behalf.
How To Find Top Rated Debt Settlement Companies
By far, the internet is the best place to start your search for debts settlement companies. This is due to the large number of firms that operate online, as well as the fact that most online companies now have an online branch to broaden their reach. You can’t go wrong by using the internet and there are also discount benefits that can come your way.
Some quality resources for settlement companies are member listings of and the United States Organization for Bankruptcy Alternatives (USOBA). Government websites also have information on debt settlements and are worthy of consideration.
You can also do a search using associations such as the (TASC) The Association of Settlement Companies.
Debt settlement is truly one simple yet effective way to get rid of debt and provided you go about sourcing a legitimate debt settlement programs, your success is almost assured. Plus if you use a debt relief network in order to help you find good companies, you get additional peace of mind since companies are highly regulated by the networks. These networks also have strong ethical guidelines that must be followed by each debt settlement company that they include. There really is no reason you shouldn’t look at getting rid of your debts today.