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Debtconsolidationcare.com - the USA consumer forum

Self Unsecure Debt Settlement

Date: Fri, 05/16/2008 - 17:44

Submitted by anonymous
on Fri, 05/16/2008 - 17:44

Posts: 202330 Credits: [Donate]

Total Replies: 1


If someone chooses to settle their unsecured debt working with the Creditors themselves, why would it only save them $20/month. I would think it should save them 20 to 25 percent? Please let me know...


Most settlement companys charge around 15 % fees on the total debt you enroll with them for their services and can usually settle your debt for around 40% but sometimes as hig as 60 %. If you know what you are doing and have the personality to haggle and negotiate with these collectors you could do it your self. There is helpful info on this site if you want to try to settle your self. Most peolple would prefer hire settlement companys for a few reasons.
#1: Convenience
#2: Experience
#3: settle in bulk
They handle thousands of clients and alot of times they can settle in bulk to get better settlements than you would be able to do, usually.

Either option is a good choice , just depends on what you want to do. If you do it yourself you will save alot more just $20 a month. I hope this info helps you . Have a great weekend.


lrhall41

Submitted by mobile0311 on Fri, 05/16/2008 - 19:31

( Posts: 1817 | Credits: )