text: Credit Card Debt Settlement - Debt Help Ppt Presentation
  Credit Card Debt Settlement - Debt Help
  debtcaretaker
  DebtCareTaker.com - Expertise in credit card debt settlement and elimination. Our debt professionals are expert in credit card debt reduction through debt negotiation. Credit card debt consolidation loan is a form of management and individuals across the country, couples the option of bankruptcy and who are looking for a number of families have offered to. Get free debt consultation. Comments
  By: megous
  Your debts are consolidated into one payment and you'll be charged less in interest rates compared to the multiple debts you serviced. The consolidated debt you pay is more manageable than credit card debt which is known for particularly high interest rates. --------
  Slide 1: DebtCareTaker.com Debt settlement, also known as debt arbitration or Debt Negotiation, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.
  Some settlement companies may charge a large fee up front; or take a monthly fee from customer bank accounts for their service, possibly reducing the incentive to settle with creditors quickly. One expert advises consumers to look for companies that charge only after a settlement is made, and charge about 20 percent of the amount by which the outstanding balance is reduced. Slide 2: DebtCareTaker.com Essentially, the Debt Settlement Company negotiates on the borrowers' behalf with creditors to reduce the overall debts in exchange for an agreement upon regular payments to be made. Only credit card debts can be handled, not student loans, auto financing or mortgages.
  For the debtor, this makes obvious sense – they avoid the stigma and intrusive court-mandated controls of bankruptcy while still lowering, sometimes by more than 50%, their debt balances. Whereas, for the creditor, they regain trust that the borrower intends to pay back what he can of the loans and not file bankruptcy (in which case, the creditor risks losing all monies owed).
  The debt settlement option available through the creditor arbitration process is a much better alternative as compared to filing for bankruptcy under Chapter 13. In many ways, the debt settlement facility can be compared to Chapter 13, since a percentage of the debt is "paid" while the remaining balance is forgiven by the creditor. Slide 3: DebtCareTaker.com Debt Settlement as compared to Chapter 13 and Bankruptcy Slide 4: DebtCareTaker.com Slide 5: DebtCareTaker.com Tips for successful debt consolidation
  Entering into a debt consolidation program does not mean you're debt problems will be "magically" resolved. Your debt consolidation assistance will help you out to tackle your debt issues. The procedure still needs some of your involvement. Here are few tips that will help you to make your debt consolidation successful 1. Select the right company
  The first step to go through with debt consolidation is to make a careful decision about the company you choose. You need to select the best possible company to solve your debt consolidation problems. You can ask questions to the representatives such as, "How is the procedure carried on?", "What would be your fee structure?", and "Are you qualified for carrying out debt consolidation on your own?" Check through the Better Business Bureau, and check out unsolved complaints filed against the company. You may even get suggestions from different debtors.
  2. Get through the program until the end
  The main reason why debtors fail at debt consolidation is because they give up before the program ends. If you want to avail the full advantage of debt consolidation, and if you need to avail all the advantages of debt consolidation, you need to stick with your consolidation plan until your debt has been paid off. 3. Make your payments regularly
  It's your responsibility to make your payment in time. Debt consolidation normally works as per your financial resources. It's important to set a monthly payment which is manageable for you to redeem. As a result, there might not be any reason for defaulted payments. If you're not able to manage your payments regularly, you may be dropped from debt management program.
  4. Make sure your lenders are paid in time
  There's nothing wrong if you cross check with your creditors, as you need to ascertain whether the debt consolidation company has been making your payments in time. Late payments will ultimately affect your credit rating, and not the debt consolidation company. Slide 6: DebtCareTaker.com Benefits of Credit Card Debt Settlement
  Nowadays many people face debt problems and delinquency issues. Consolidation of your debt would be the best alternative for you. However, before making any important decisions related to your credit, you should have some precise information regarding debt settlement.
  Credit card debt is the same like any other unsecured customer debt, with the exception that it occurs by accessing and using your credit cards. Debt takes place when a customer uses his credit card for purchasing any item or paying for some service using credit cards. These debts accumulate over time, and increase in amount when the interest and penalties "pile up" whenever the customer becomes delinquent.
  Credit card debt settlement benefits differ from lender to lender. They have various options for settling your account. There's a specific manner in which debt settlement process occurs. According to the process, the debtors try to negotiate or arbitrate for the overall outstanding balance of your account with the lender. You can either negotiate on your own, or appoint a debt settlement company to do the negotiating for you.
  Why to appoint Debt Settlement Company
  The best benefit in using a debt settlement company is they employ professional who help to achieve results for the debtors. They carry out all the legal and paper work required for the contract, as well as negotiate on your behalf with your creditors. All you need to do is make the payments for your credit card debt settlement loan. The majority of debt settlement companies permit you to make payments in a "collateral" account. When there's sufficient amount of money in your account, the credit card debt settlement company starts making payments to the lenders. It generally requires an accumulation of a total amount of $10,000 or more to sign for a debt settlement service. Moreover, they charge fees for their services. It is generally a proportion of the sum of amount the reduced on your account. Slide 7: DebtCareTaker.com Consumers can organize themselves the settlement of debts, and many websites offer advice. Consumers can also hire a lawyer or use debt settlement companies, many of the online advertising and television. Experts agree that "buyer beware" is the best advice when considering debt settlement companies
  What Debt Settlement Offers?
  Decrease your monthly payments into half
  Decide your single monthly payment
  Eliminate debt in few years
  Reduce your over all debt up to 50%
  Stop fretting collection calls
  Debt can happen to anyone. Don't let outstanding debts or credit card balances control your life. DebtCareTaker.com services can help you take charge of your finances and eliminate debt fast. Debt settlement is a method of eliminating debt for less than the amount actually owed to creditors. In this process, you stop paying your monthly payments to creditors and instead save some money.
  When you have saved at least 50% of the total, you start to negotiate with your creditors for a refund. This process is called debt arbitration or negotiation of the debt it can be a good alternative bankruptcy. The debt settlement servicing will ease you from the anxiety and can without doubt negotiate with all the creditors on behalf of you. Get Debt Free in