Watch Video: Steps to settle debts on your own
DIY debt settlement steps
How to settle debts successfully
- Calculate how much you owe
- Negotiate with your creditors/CAs
- Make a reasonable offer
- Pay the agreed amount
- Check the account status on your credit report
Why you should negotiate on your own
- You want to save on the debt settlement fees
- You want to avoid the settlement scams
- You want to directly negotiate with creditors/CAs
DebtCC Wiki: How to negotiate and settle debts without any professional help
According to the Bureau of Labour Statistics, in U.S, workers were paid a fair amount of money per week in the year ending of 2012. There was a 4.7% increase in wage from 2011. However, the overall statistics says ,wages have been falling since 2012. This situation has forced the low paid workers to get into poverty.According to EPI (Economic Policy Institute) report, workers are suffering for the poor wage distribution. In recent times, two county (Manhattan and Los Angeles County) witnessed severe fal...Posted by good.nelly on Jun,26 2014
The federal agency, working under the U.S Department of Agriculture (USDA), Centre for Nutrition Policy and Promotion (CNPP) had released a report titled, “The Consumer Economic Perspective” that delved into a serious household concern, “can people spend less, yet get access to healthy food, always? ”. The highlights of the research report is as follows: USDA has formally introduced four kinds of food plan, namely - Thrifty, Low-Cost, Moderate-Cost and Liberal that provide a clear picture o...Posted by philbradford91 on May,12 2014
Easter is knocking at the door once again. The vibrant candy-filled baskets, egg-dyeing and Easter egg hunts, and so on is like a dream come true for every child. However, the same can be equally nightmarish for the parents who are surviving on a tight budget. Adding insult to injury is the gradually soaring store prices, thereby making it burdensome to purchase those costly gifts. Still, you can do a lot in a budget-friendly way, provided you can implement the Easter money saving tips discussed here ...Posted by philbradford91 on Mar,25 2014
With regards to your personal finances, 2014 might offer you the best chance to leverage the low interest rates and get out of debt as soon as possible. Since the economic catastrophe in 2008, the Federal Reserve has made continuous monthly bond purchases in order to keep interest rates exceptionally low and boost consumer borrowing and spending. With the US economy refurbishing itself, the Fed is gradually pulling back on its bond purchases (tapering). In anticipation of this decision of the Fed, the lon...Posted by amy.nickson1986 on Feb,11 2014
DebtCC Answers: Get expert advice on negotiation strategies and settlement
Community discussions on debt settlement
Settling your debts requires grit and planning. This is because you’ll have to speak to your creditors all by yourself to convey your financial troubles and make them see reason. Besides that you al...
How to repair your bad credit in simple and easy steps Have you gone through some serious credit troubles in the past? Do you want to make a fresh financial start since lenders are not interested to ...
What is debt settlement and how does it work? Debt settlement basically refers to the process wherein creditors accept a fraction of the total outstanding balance from the debtors. The settlement a...
True, the path to credit repair is always full of trials and tribulations, not to say of ignorance and misconceptions. To get a better credit score, you may have to fix past financial problems, deve...
Different types of credit accounts Understanding different types of credit accounts (especially the ones that are opened during a marriage) can help you sneak a peep into the possible pros and cons. ...