Why should I Do Credit debt settlement?

Why should you do credit debt settlement is today’s topic. Many people actually get confused with credit debt settlement versus debt consolidation. These two are in the same category but perform very different functions. Let me explain a little more to you about credit debt settlement.

When you obtain credit cards and have used them and maxed them out, or become overwhelmed with the payments to the credit card debt, you are one of millions of Americans that have credit card debt. When you have credit card debt, and you can no longer make your monthly payments on them, people like you come to the internet and seek help. Credit debt settlement is one form of help to give you that debt relief that you are so desperately seeking now.  You want information to get out of debt now. Credit debt settlement can actually save you thousands of dollars when you use their programs.

Get out of debt

Being in a debt settlement program will also only give you one monthly payment. This is a big relief. Now you can go over your monthly budget and things may become more manageable.

One big misconception people have when doing a credit debt settlement is they believe the creditors will leave them alone. This is absolutely not true. I fact, I think they sometimes increase their calls to you. So you need to be aware of this. Can you handle them calling you? Do you have an answer machine or caller id? You should have some sort of answer system to screen your calls if you do not want to talk to the creditors every time they call.

Another question if you want to do credit debt settlement on your own is do you have the commitment to put the funds away and not use them? It takes a lot of will power to do a credit debt settlement without the help of going through a debt settlement company. But hey, if you know you can do this, than do this yourself and save money.

What if you do not have the balances of over ten thousand dollars that most credit debt settlement companies require you to qualify for their program? Should you not do a credit debt settlement? Nonsense! There are plenty of ways that you can get the same debt relief from credit card debt that you will obtain by doing credit debt settlement.

One way to get rid of your credit card debt is first of all, STOP USING THE CREDIT CARDS! Cut them up at once so you will not be tempted to use them, ever.  Now since you have cut up the credit cards, you have just done the first step to actually getting to your goal of debt relief.

As for which program to now use to get out of debt, choose the best one that is for you. As stated earlier, most debt settlement companies require you to have a minimum debt load of ten thousand dollars or more. If you have more than ten thousand dollars of credit card debt, then you can do your homework to see which Debt Settlement Company is best for you. I have always referred people to what I considered as the best debt help company…DebtGoals FREE Trial!.

If you have less than ten thousand dollars, you can settle the debt yourself with each of your creditors. All you need to do is call the customer service line on the back of the credit card and tell them that you wish to close the account and settle on the balance that you owe. Each creditor will tell you what they require of you to settle on the debt.  This may take a lot of time so make sure that you call when you will not be interrupted.

Also if you have less than ten thousand dollars worth of credit card debt, maybe using the services of a debt consolidation or debt settlement company is the better way to go. Here is the link to another company; Eliminate Credit Card Debt. Sign-up and Get Started Today

I hope that I have given you a better idea of why you should do credit debt settlement. Let me know if this has been resourceful to you.

Until next time,

Janna Jones

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