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Debt Settlement  Information
Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
Settle your debts for less than you owe
  (read here for full details about how much you can expect to save)
Resolve your unsecured debts in 18 to 60 months
  (read here for full details on how long our program lasts)
No Up Front Fees - Don't Pay Till You See Results!
 
 
 
Shortcomings of Debt Settlement  - Conclusion
In the end, like we reiterate throughout our website, due to its different shortcomings, debt settlement is only an appropriate debt relief option for consumers who are truly overextended with their credit cards, medical bills, or deficiency balances from repossessions. It is not a suitable alternative for consumers who are not experiencing difficulty with their payments or not going to be experiencing trouble in the not-so-distant future because of the risks associated with the program.

If, however, a consumer is barely able to afford the minimum payments or has already fallen behind, debt settlement is usually a good solution. It is an aggressive approach to debt reduction, which despite its risks, has a myriad of potential benefits for consumers. As illustrated throughout this series, many of the risks associated with debt settlement are either risks that exist anyway, are worth accepting in light of the potential benefits, or outweigh the negatives related to the other debt relief options which are available, namely bankruptcy.

Debt settlement damages your credit – For consumers who will inevitably fall behind that cannot afford their payments anyway, this is a risk that already exists or one that can only be exacerbated by filing bankruptcy.

Debt settlement cannot prevent all collection calls – Again, for consumers who have already fallen behind this is a disadvantage that already exists. Moreover, in light of the potential savings, many consumers find this to be somewhat inconsequential, or at least this is one shortcoming they are willing to deal with in order to satisfy their debts without bankruptcy.

Debt settlement cannot prevent litigation – For consumers who will inevitably fall behind, again this is a risk that already exists. Additionally, it is a risk many consumers are willing to accept in light of the fact that it is often a last resort for creditors and other options, like payment plans for the full balance and settlements can help to avert wage garnishments, property liens, or bank levies. 

There may be tax implications associated with settling your debts – Since consumers are only taxed on their savings or not liable to pay taxes because they are technically insolvent, many consumers find this to disadvantage to be somewhat inconsequential in light of the potential benefits.

If you are interested in learning about our company, please feel free to fill out a form. You can also call us toll free at (877) 274-1260 to learn more about out debt settlement program.
 
 
 
 
 

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