Debt Settlement Services
Debt settlement or negotiation is a process that assists consumers with paying off high bills or unsecured accounts. Experienced negotiators from reputable companies will contact the creditors or collection agencies on behalf of their clients and negotiate a settlement.
The settlement is beneficial to the creditor because without it, often consumers will have to declare bankruptcy, where creditors will then lose money. Consumers could end up paying back a significant amount less than their balance owed with top debt settlement services and get out of debt in three years or less on average.
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IMPORTANT: This page is very detailed, informative and helpful. You will understand debt settlement services by the time you finish reading this page. If you are even considering settlement services, consolidation or any program, then take your time and read this entire page before making any other moves.
Obtaining this type of education is the first step that you need to take, when starting your journey towards debt freedom.
Not all states are eligible for this type of program and not all consumers will qualify.
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Top Debt Settlement Companies
The top companies will usually have a tremendous amount of leverage with the creditors. Most of the larger companies will use the bulk settlement approach.
The bulk settlement approach is where the settlement company will bulk together, at times hundreds of clients’ worth of accounts, and then negotiate with the creditor based on a massive number of clients’ worth of debt at a given time.
This technique gives our negotiators leverage to solidify the largest discounts.
Over time the larger companies will establish relationships and contacts with the creditors making the process more efficient.
Our servicing negotiators here at Golden Financial Services settle more than 15 million dollars of debt on a monthly basis.
We strive to provide our clients with superior service they deserve and we have been focusing on this type of debt relief since 2004.
What do the best and most trustworthy companies have in common?
1. Provide clients with financial education while on the program.
2. Set their customers up with an attorney in their state while on the program in case lawsuits occur or creditors attempt to sue.
3. Provide their clients with asset protection.
4. Have been in business for more than eight years.
5. Have zero unresolved customer complaints.
6. Have the highest rating with the Better Business Bureau (BBB).
7. The negotiators are paid based on how they perform and how much money they save their clients.
At Golden Financial Services, it’s absolutely imperative that our clients are successful.
In Life, it is not all About Money
What type of personality traits do you have? This is an important question to ask yourself before you decide on consolidation or settlement.
Are you determined, disciplined and motivated? If not, then debt negotiation may not be the right option for you.
Are you more conservative? If so, then consolidation may be the best route for you. With consolidation you will have one monthly payment that will not likely change much for the entire program. You will be out of debt in around four years. You will stay current on your accounts and should not have much stress while on the program, assuming you can afford the payments.
Once approved for a settlement program, it is high paced. Our negotiators will aggressively work to settle one creditor after the other. Often by six months into the program, we will have at least one of your creditors settled and paid. Some people may find this type of action exciting and motivating, while others may find it stressful.
If you are a driven individual, then you will most likely feel enthusiastic about having your first creditor settled so quickly that you will desire to achieve more similar results. The good news is that you can accelerate the program if you have the capability to pay additional and graduate faster on a settlement program.
With debt negotiation or settlement you have more flexibility, than with consolidation. Many consumers will sign up on a three year plan and actually graduate in two years or less.
Settlement programs require more involvement than consolidation programs. As a valued Golden Financial Services customer you are always in the drivers seat. You alone have signature authority to approve settlement offers from creditors before we can settle any of your accounts.
Therefore, when our legal assistants call our clients, they need to be available and willing to speak regarding their program. With consolidation, there is less participation required for the client.
Ultimately, it is important to find out which program will save you the most money, but you cannot make your entire decision based on money. You will hardly save any money on a program that you cannot finish. Set yourself up for success!
At Golden Financial Services, during our initial and free consultation with you, we will help you with making an informed decision.
Get a Free Consultation by calling 866-376-9846 or by filling out the simple contact form on the right.
Debt Settlement Services vs. Consumer Credit
Counseling
To complete a consolidation or consumer credit counseling program it takes between 3-5 years on average. On a consumer credit counseling program a person’s interest rate is negotiated down. A consumer will end up paying back the full amount owed and interest with consolidation, but less interest than what they would end up paying when paying minimum payments on their own.
With settlement services, negotiations are based on the total balance owed, where a person will end up paying back less than what they owe.
Some people prefer consolidation over settlement, because they believe it to be less risky.
Example of a Settlement Plan vs. Consolidation
- On average when a consumer has $30,000.00 in bills, on a settlement program a $500 payment could have them debt free in around three years and sometimes less.
- On average when a consumer has $30,000.00 in bills, on a consolidation or consumer credit counseling program, a $750 payment could have them debt free in around four years and four months.
This example illustrates how debt negotiation can save you more money and complete the program faster than you would on a consumer credit counseling plan.
If you really have a hardship then debt negotiation with a Top Company is the most effective and ethical way to pay off your bills.
With the right team and preparation, execution will be made easy!
Almost Ready to Take Action?
Fill out the “Reduce Debt Form” on the upper right hand side of this page or Call 866-376-9846 in order to receive a FREE CONSULTATION.
See how much money you can save today!
During our consultation, we can answer your questions that you may have, provide you an estimated savings analysis and details regarding a plan to get you out of debt.
If you prefer to keep reading about the program, then we recommend that you visit the next page.
We also recommend that you read this page, which goes over all of the other debt relief options available in the United States, including debt settlement services.
