subject: Debt Relief - What The Credit Card Companies Dont Want You To Know [print this page] Credit card firms have always tried to keep purchasers in the dark as much as possible. They have done this with concealed charges, unpredictable rates, and lots of fine print on their documents that need the use of a magnifying glass.
There are things that card companies don't need you to know about debt relief settlements. Credit corporations don't like you to know that you can settle your credit debt with no regard for how enormous or tiny that debt is. Most debt relief firms only work with those folks that have more than $10,000 in unsecured debt. You can try to agree to terms with the credit card companies yourself if you have less than $10,000 in credit card debt too. These companies also don't need you to know what the average debt settlement is. While the average settlement is between 50 and 60%, under these market conditions the credit card corporations will settle for as much as seventy percent and in a number of cases eighty percent.
Credit firms also do not want you to know that you always get a better settlement when you employ a professional debt relief company. If you negotiate the settlement yourself, you may also discover the credit card corporations will make the deal with you over the phone, and then request that you make the settlement payment in the same conversation - without ever getting anything in writing. They do not want you to understand that without a settlement in writing, there's no real settlement at all, and they can still come after you to gather the remainder of the account. Although the credit corporations are far more ready to work with consumers for debt settlements nowadays because of the bad economy, you need to never forget their underhanded behavior of the past. You have to understand that they're still as deceptive today as they have always been.
If you're at least $10,000 in unsecured debt it might financially behoove you to chat with a debt settlement company. Creditors of unsecured debt are frightened and as a consumer you must benefit from this recession and eliminate your unsecured debt.
Try the link to find the best performing debt settlement firms in your neighborhood.
