Pay Off Debt For Less Than What is Owed!
Hire a Professional Debt Settlement Lawyer
A Debt Settlement is a process used by both debtors and creditors to settle a debt for less than what is owed. The process is also called Debt Negotiation and Debt Reduction.
Most often the process is used to negotiate a credit card debt settlement, although a settlement can be reached on many kinds of debt, including taxes, medical and utility bills, business debt, and even secured debts, such as, personal loans, auto loans, and promissory notes.
There are several other steps you can take to get out of credit card debt. Paying off debt of several thousand dollars or more in credit card debt takes time, so you must discipline yourself.
1) If you have several cards, your first goal is to pay off the credit card with the highest interest rate. This process is called laddering.
2) Pay more money toward that credit card and slightly less toward the other cards, and eventually you can rip it up. Then you move onto the next credit card, and so on, and so on...
3) One proven way to pay more toward the most expensive credit card - and to get rid of it faster - is to make a separate payment every 14 days to the credit card company. Mark your calendar every 14 days and write that check or send your online payment that day.
Making a payment every 14 days equals one extra month's payment you've made at the end of the year. Work these payments around your statement cycle to avoid paying late fees.
4) Don't fall into the minimum trap.
If you just pay the minimum due on credit-card bills, you'll barely cover the interest you owe and never pay off your debt. It will take you years to pay off your debt balance, and potentially you'll end up spending thousands of dollars more than the original amount you charged.
5). Get help as soon as you need it.
If you have more debt than you can manage, get help paying off debt before your debt breaks your back. Call us for a free debt settlement evaluation at 1-888-502-3907.
|
