There is a proverb that says, “Say nothing of my debts unless you mean to pay them”. Seems kind of harsh doesn’t it? Well, when in debt, people on the outside, such as family members and close friends can be the first to judge. But, when it comes to living it and thinking how will you pay every debt, every loan you ever made, you won’t think the same. This is why hundreds of families have trusted debt settlement companies over the past years. Having to deal with that burden alone has become too much for them and their loved ones. But, should you let a debt settlement company help you instead of handling things yourself?
First, we need to know what exactly do debt settlement companies do in order to judge if we should even think of contacting one. Debt settlement involves wiping out debt by paying a portion of it in one lump sum. This sum typically is much less than what you originally owed. Debt settlement can provide financial relief and put you on the path toward rebuilding your credit. As for the creditor, they at least receive some of the money they’re owed rather than no money at all. Sounds like a win-win situation for all, doesn’t it?
Now that we know what debt settlement companies do, let’s see what goes behind this whole process if you decide to do it by yourself. When handling debt, you should know what you are going up against. Settling debt by yourself can be extremely stressful, it can fill you with anxiety and have in mind that this can be a very long process. Let’s take for example credit card debt. When this becomes unmanageable, late fees and interest start piling up. Often times this compounding of fees and interest raises your balance to a point that is near impossible to get ahead. Having a trusty debt settlement company can save you those tears and frustrating nights. How so?
Understanding The Process
First, let’s see what happens when you have late payments on your credit card. Credit cards were made to keep us in debt. That’s their main purpose! So when you fall behind too far on payments, your account is likely to be sent to collections. Once there, they begin a process of aggressive communications and tactics. (You know, those annoying phone calls and messages). Remember, they have bought this debt for pennies on the dollar. And since the original creditor has already been paid by the collection, they want the money you owe them ASAP! This is where having a debt settlement company comes in handy.
When you decide to do this all alone, you could call your collection agency, begging them to settle your debt. But, what will happen when they scare you with their well-known tactics and high pressure sales? Will you know how to handle this while trying to settle your debt? The only question you should be asking yourself is, why would I do that all alone? When you work with a licensed and reputable debt settlement company, you have a team of negotiators working for you. They know the collectors, how they operate, when they’re likely to settle, and when they’re not being honest. They have studied for this and exist solely to help people settle their debts and finally become debt-free.
Why Should I Let a Debt Settlement Company Help Me? Review
Facing creditors and collectors with the pressure and burden of your debts can be very tense and intimidating. Trusting a professional debt settlement company is often your best option. At Mediator Law Group, our mission embodies the values with which we approach our services and clients. Our massive experience in helping those afflicted with debt is the cornerstone behind our team’s success. We work directly with creditors to reduce your debt to a fraction of what you owe. We accept nothing but the best settlements and advocate on your behalf throughout the entire process. Let us help you.
