Over $10,000 In Unsecured Debt? - Why There's Never Been A Better Time For Debt Settlement
Fear of loss of job combined with more than ten thousand dollars to credit card issuers and other unsecured lenders may sound like a terrible thing
. However, this can actually work to your benefit. You can actually save a lot of money if you owe money to credit card issuers and other lenders. Reason? Debt settlement!
The large number of bankruptcies has forced credit card issuers and unsecured lenders to change their approach. Lenders realized that they could not simply intimidate their customers into repayment. They realized that those who owe more than a particular amount would prefer declaring bankruptcy than struggling to repay the debt in full. Consumer confidence is low and people are scared of doing anything that may hit their savings and affect their cash flow. Hence, lenders decided to offer debt waivers and other debt relief assistance to those who owed beyond a particular limit.
Today, if you owe more than ten thousand dollars to your credit card issuer, chances are high that you will be offered a waiver. The original offer may range for 30% to 40% of the original amount owed. If this is not high enough, you can negotiate and bargain for a higher waiver. If the issuer does not agree, you can always opt for a bankruptcy.
The time for obtaining a waiver has never been better because credit card issuers
- have the support of the government in the form of the stimulus package
- Have suffered huge losses and are not ready to push the customers beyond a certain limit
- Are interested in being assured of returns rather than risky and uncertain high returns
- Are in a position where shareholders and investors are ready to condone losses provided there are no further bankruptcies.
The fantastic combination of circumstances will never come again. Hence, if you owe excess debts, then you should take the initiative and make use of debt settlement companies to seek a settlement. If you are still not convinced, just make use of the World Wide Web to know more about settlement and settlement companies. Visit the website of TASC for authentic information.
If you are over $10,000 in unsecured debt it would be wise to utilize a debt relief network instead of going directly to a debt settlement company. Using a debt relief network guarantees that the debt settlement company you choose has been certified and has established success in negotiating settlements. They are free to use and a good starting point to begin your debt relief process.
Free Debt Advice.by: Matthew Couch
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Over $10,000 In Unsecured Debt? - Why There's Never Been A Better Time For Debt Settlement