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Debt Settlement
Debt settlement, for all intent and purposes, settles your debt at a fraction of your original debt amount. It is considered a more aggressive means of settling debt and it provides a good option for people who cannot meet the requirements of debt consolidation and debt settlement does not require home ownership.
To start the debt settlement process, you would contact a debt settlement company and they would establish a savings account for you. Instead of making payments to your credit cards, you would make one monthly payment to the company. They, in turn, accumulate all the money and turn around and make a settlement offer to your credit card companies once enough money has gathered.
Depending on the situation, debt settlement companies can get pay off between 40%-60% of the original debt. The amount of time to pay make the settlement payment can also vary depending on the situation. Some debts can be paid off in as little as 18 months, others can take longer.
If you are 60, 90 or 120 days late on your credit payments and feel that debt settlement might not be for you, call us today at our toll free number, 1-800-621-4GOD (4463) and talk to a debt specialist who can help sort out you debt problems and find the best solution for you. And, remember the advice and quote are FREE.
Christian Debt Consolidation.com could very well be the answer to your prayers. Start Now!