You may have heard a great deal about settling your unsecured debt, and may even feel that you can do it yourself. It’s really not that easy for an individual to do. Credit card companies are likely to be of no help to you until you have completely ruined your credit, and then the help will be negligible.
If you really want to settle your debt and do it the right way, you should seek help from a professional debt settlement company. They are in the business of settling consumer’s debts, already have working relationships with the creditors and as a result are in a position to be more easily accepted by these credit issuers than one individual would be. Also, it will eliminate the enormous amount of time that you would have to take to contact each individual creditor, as the debt settlement company will do this for you.
They , upon contacting your creditors, will negotiate lower percentage rates on your debts, lower payments and will be able in many cases to reduce the total amount of debt you owe by 40 to 60%. This will help you get out of debt much faster. They can also combine payments for you so that you have only one monthly payment to them and they will distribute the payments to your creditors.
To get started, go to the internet and search for debt settlement companies. You will have literally hundreds to choose from. Pick several that you like and contact them for terms. Pick two or three that sound favorable and research them further.
Call the Better Business Bureau and check these companies out. Find out if there are any complaints against them.
After getting satisfactory answers, pick one of the companies, contact them and let them get started working on getting you out of debt. You will lose stress almost immediately.