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    Debt settlement services Charlotte NC-   We are not old fashioned credit counseling, we are cutting edge result oriented. What we do changes lives quickly and effectively for the long run by also providing education. 

     Take action to help your family ! Call us now! 

     Settling on your debt can be a hard choice to make with mounting stress from credit card companies or lending institutions. If you reach for our help we will guide you in the right direction. We have partners who specialize in debt settlement. We give debt settlement education and we can do the full work of settling on debt for much less then you owe. We will determine your needs once we complete a full report of your debt. Free Advice is just a quick call to us. You will feel a hundred times better once you get started.

    We are understanding and are certified specialist who get real results with no backlash call at 704-877-8739 or fill out the form on the right. Your Search is over

    Tips for avoiding a wrong debt settlement company FTC Guidelines 

    • charges any fees before it settles your debts
    • promotes a "new government program" to bail out personal credit card debt
    • guarantees it can make your unsecured debt go away

    We work hard so that your experience is positive during this difficult time. Our debt settlement services outshine any competition in the charlotte nc area due to our community feedback. 

     

    What's the difference between a credit counselor and a debt settlement company?

     

    Credit counselorsDebt settlement companies
    Usually non-profit organizations For-profit companies or law firms
    Advise you on managing your money and debts and help you budget your payments Offer to arrange settlements of your debts with creditors or debt collectors
    Reach up-front agreements with your creditors to ensure that the creditors will not pursue collection efforts or charge late fees Often have no up-front agreements with creditors
    Usually do not negotiate any reduction in the amounts you owe - instead, they can lower your overall monthly payment Typically offer to pay off your debts with lump sum payments that are less than the full amounts you owe
    Do not advise you to stop paying your debt, but may help negotiate your monthly payments

    Usually require that you stop paying your creditors to succeed in a debt settlement program

     

    Credit counseling

    Credit counseling organizations are usually non-profit organizations that advise you on managing your money and debts. They usually offer free educational materials and workshops. An initial counseling session typically lasts an hour, with an offer of follow-up sessions.

    Note: Although most of them are non-profit, credit counselors may charge fees for a debt management plan to pay off your debt and take those fees out of the payments you make to them.

    Credit counselors may help you organize a "debt management plan" for all your debts. Under a debt management plan you make a single payment to the credit counselor each month or pay period. The credit counselor then makes monthly payments to each of your creditors.

    Under debt management plans credit counselors usually do not negotiate any reduction in the amounts you owe - instead, they can lower your overall monthly payment. They may do so by getting the creditor to increase the time period over which you can repay a loan (for example, five years). They may also get creditors to lower the interest rates. Although most credit counselors are non-profits, they may charge fees for their services that they take out of the payments you make to them.

    Debt settlement

    Debt settlement companies offer to arrange settlements of your debts with creditors or debt collectors for a fee. They typically offer to pay off your debts with lump sum payments that are less than the full amounts you owe. For example, for  every $100 of a loan that a creditor agrees to forgive, the debt settlement company will charge you some portion in fees.

    While credit counselors reach up-front agreements with your creditors to ensure that the creditors will not pursue collection efforts while you're in the credit counseling debt management program, debt settlement companies often have no such up-front agreements with creditors.

    Tip: Beware of debt settlement companies that charge up-front fees in return for promising to settle your debts.

    Warning: Many debt settelment companies will instruct you to stop making payments to your creditors. If you stop making payments, you may face collection efforts, late fees and penalty interest charges. These fees and charges will cause your debts to grow larger. In this way, debt settlement may cause your total debt-load to grow, even if the debt settelement company settles one or more of your debts.

    If you stop paying your debts, your creditors will likely begin collection efforts and will start charging you penalty fees and interest. Debt settlement companies say that law suits and debt collection efforts are key factors preventing clients from successfully completing a debt settelment program.

    While some creditors and debt collectors will agree to settlements with debt settlement companies, many will not negotiate how much they will settle for. Instead, they will have standard policies about how much principal they will forgive when you haven't made payments for a certain period of time. This means debt settlement companies usually can't get better terms than you could get by talking to your creditors yourself.

    Warning: Some creditors and debt collectors will not negotiate with debt settlement companies at all. Once they learn you are working with a debt settlement firm, their collection efforts may become more intense. For example, the collector may file a lawsuit against you.

    In most circumstances, neither credit counselors nor debt settlement companies can erase all of your debts.