subject: Secrets To Eliminate Your Unsecured Debt - What Your Creditors Don't Want You To Know [print this page] You may have heard that you can eliminate a percentage of your unsecured credit card debt. You can do so and this process is known as debt settlement. Before taking any action, you want to read on because there are some things about debt settlement that the credit card companies don't want you to know about.
Some debt settlements eliminate up to 70% of credit card debt. This is a hidden secret that your creditors don't want you to know about. They want you to call them up desperate and unaware. After all, if you didn't know that most settlements average around at least 50%, you might be over-the-moon excited with their offer to reduce your total owed by 30%. If you are unaware, don't expect the credit card companies to help you because they will likely try to use this to their advantage.
You should be represented by a debt settlement company. Debt settlement companies are professional companies that hire employees who are good at their job. They undergo training and are constantly brokering deals with the credit card companies. Basically, they know what to do and say to get you the highest reduction of debt. If you answer a phone call from a credit card company, they are likely to say "well stay on the line and lets see what we can do." They are banking on the point above that you are unaware and unfamiliar. Remember, you likely to jump for joy with a 30% elimination of debt if you don't know you couldn't get a higher amount.
In short, there are a number of things that the credit card companies do not want you to know about debt settlement. That is why you should always seek professional help. To find a good and legitimate debt settlement company, use the services of a debt relief network. These networks partner with several different debt help companies, but they test, track, and monitor them to ensure they are the best of the best.
There has really never been a more advantageous time for consumers to try and eliminate unsecured debt. Creditors are very concerned about collecting and most have government money to make eliminating some of your debt financially feasible. Check out the link below to locate legitimate debt relief companies in your area:
