To Find Out if You Qualify for Debt Relief. Learn your state’s most effective debt relief plans that are available, get free financial advice, and improve your financial well-being.

Call 866-376-98406 and speak with an experienced debt expert for a free consultation now!

This is not a high-pressured sales call, or anything of that nature, but just a purely informational and educational free help debt line.

Again, call 866-376-9846. If you want to join a program and you are eligible, any of the Specialists can assist you with enrolling, approvals are quick and painless.

If you qualify we can send you the program paperwork, you can sign it online, and we can even pull your credit for free! The company has been listed with the Better Business Bureau for 12-Years Now, was just voted #1 Debt Relief Company by Financial Product Reviews and Examiner.com and maintains zero complaints & high BBB rating. Call now for your free savings estimate and debt relief plan details at 866-376-9846!


Today we will discuss resolving credit card debt that a person is delinquent on. Basically your steps are as follows:

First and foremost, if your financial situation is in good shape, let’s start by calling your credit card companies and seeing if they will work out a reduced interest rate/payment. Often credit card companies will lower your interest rate from 15%, down to 12%, or 25% down to 18%. These are just a few examples.

You can even request for your creditors to lower your payment, and often they will approve this request. Key: When requesting for them to lower your payment; First: Ask them for a fax or email address, and send in a detailed hardship description illustrating why you need this reduction before speaking with them. B. Explain your hardship verbally, before asking for a reduction in payment.

See common hardships


If the creditors are not wiling to lower your payment, and you are already delinquent by a few months, it may at this point make sense to wait until the account is charged off or written off by your creditors before you attempt to settle or dispute the alleged debt.

In most cases your creditors will charge off the debt after approximately 180 days past due.

Why do creditors charge off a debt?

The answer:

A. It allows them to take the debt off their balance sheet, and this improves their financial outlook.
B. Creditors may be reimbursed by insurance once writing off a debt and selling it to a third-party collection agency.

The bank will sell your account to a third-party debt collection company for as low as 4-5 cents on the dollar and debt becomes even cheaper as it ages, see image below. A charged off debt shows up on a person’s credit report as an “R9 for Revolving credit charge off”.


See how cheap debt can be purchased at, before negotiating a settlement on credit card debt.

Because debt is sold at a dirt cheap price, banks may be careless, and make mistakes. There are several federal laws that regulate banks and debt collectors. On a debt validation program all of these laws are fully utilized inside the paperwork used to challenge debt collectors.

Debt collection errors include inaccurate information being reported and missing or inadequate documentation being maintained.


Statistic illustrating how debt collection companies often purchase accounts with missing documentation or inaccurate details.

Read more at http://nomorecreditcards.com/whats-the-best-private-student-loan-relief-option-program/#3r4ByMxto0Dl225G.99These points should help you to understand how debt validation is possible.Often debt collectors cannot verify and validate the debt, which would then make the debt legally uncollectible. And eventually if a debt cannot be collected on, the statue of limitations will soon arrive, and now the debt is gone. In most states the statue of limitations for credit card debt is 3-6 years, unless you live in Rhode Island where it’s 10 years.

Another common option would be to settle a debt for a fraction of what is owed. Debt collection companies are willing to settle a debt at a fraction of what is owed due to the fact that they purchase the account for sometimes as low as 4-5 cents on the dollar. It is important to only hire an attorney or national debt relief company that is highly rated with the Better Business bureau and who has a long track-record of experience. Golden Financial Services offers a performance based debt settlement program where no fees are charged until results are achieved. Debt settlement is a much better option for most people, over bankruptcy. I only recommend bankruptcy only if it relates to benefiting your business if you own a company or if it is necessary to save your home.

All of our national hardship debt relief programs come with one simple monthly payment for the client. With all of our programs, fees are included, but at the end of the day clients end up paying a significant amount less than the total owed, assuming they complete all of their program scheduled payments. Golden Financial Services is a one-stop-shop for all of your unsecured debt relief needs, and we are nationally ranked for credit card relief programs. Consumers can call 866-376-9846 and speak with an experienced debt specialist for a free professional debt relief consultation today! Make it a great day!

Call us right now for a free consultation at 866-376-9846. We will go over all of your credit card debt relief options.