The incentive for your creditors to settle a debt becomes clear once there is a possibility that they may collect nothing on the debt if you were left with no choice but to file for bankruptcy protection.
Your incentive to settle is to avoid bankruptcy and to ethically discharge your debts. Once you are on the “debt treadmill” it becomes more and more difficult to step off. Eventually your minimum monthly payments will likely be going almost entirely towards interest.
At this rate, you would finally pay the account off in about 30 years having spent ten times or more what you initially borrowed. We understand your predicament and the credit card companies have been counting on and profiting from it for years. Debt settlement can end the 30 year cycle and cut it down to 3 years or less.
Facts • Almost 100% of debt solutions on TV or the Internet are creditor consolidation collection agencies; • CCCS (Consumer Credit Counseling Services) and all "consolidation" agencies are merely collection agencies for the credit card companies; • CCCS services are free because they represent the credit card company and are compensated by the credit card banks a percentage of your payment each month; • Congress has investigated CCCS agencies found them to be deceptive and representing the Credit Card Companies instead of representing you, the card holders, in a flagrant conflict of interest. In recent months the IRS has indeed revoked the non-profit status of 41 of these agencies.
Our services are free because we truly represent you, the debtor and offer a free debt counseling solution that is just right for you.
Our free debt counseling services offer a variety of debt counseling ways to assist you. We provide free debt advice and guidance to evaluate your present needs and appraise your outstanding debt situation.
With this free debt counseling information in hand, our counselors will work out a plan to manage your debt. The particulars of the plan will depend on the data you have provided. The result is a creative, easy and most of all free debt counseling way for you to put the plan into action.
Disclaimer Legal Information Is Not Legal Advice This site provides information about the law designed to help users safely cope with their own legal needs. But legal information is not the same as legal advice -- the application of law to an individual's specific circumstances. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a lawyer if you want professional assurance that our information, and your interpretation of it, is appropriate to your particular situation.
Consumer Credit Counseling Information, Debt Management Plan Information, Debt Settlement Plan information, Credit Counseling, Credit Score, Consumer Credit Counseling Service, CCCS, Bill Consolidation, Credit Repair, and Debt Consolidation is not advice, and we recommend you consult a licensed credit counseling agency, debt settlement attorney, and/or licensed debt management plan administrator in your state if you want professional assurance that our information, and your interpretation of it, is appropriate to your particular situation.
