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DEBT SETTLEMENT
Not all third-party debt settlement providers are the same. You can check with the Better Business
Bureau if you are concerned about any business's reputation, including ours. Some debt settlers
have given the industry a bad reputation. If you check with the BBB, you'll find that we are one of
the top in the business--with a clean record.
Some people have attempted to settle their debts themselves. They may even find success, and talk
their creditors into accepting a smaller amount than the sum total of their debts. However, simply
attaining a settlement isn't enough. You want to obtain the best settlement possible that reduces your
debts as much as the creditors will allow. This isn't something you're likely to be able to do on your
own.
DOING IT YOURSELF
Novice debtors looking for a settlement might take the first offer--after all, a novice may not know
a good deal from an average or a bad deal. When pressed, a creditor's customer service representatives
are instructed to shave a couple thousand dollars off the top. This usually satisfies a debtor. Even
trying to haggle after this point can be fruitless.
Quite frankly, many creditors don't take debtors seriously. The reason is because the creditor is in
the driver's seat. The creditor knows that a debtor has fallen on difficult times and will take any
offer that reduces their debt, even if the offer is pretty much insignificant. With the new 2005
bankruptcy laws taking effect, a debtor will have less leverage by threatening to declare bankruptcy. So
what's the solution? Working with a professional debt settlement agency like New Era Debt Solutions can really make a
creditor take notice and offer a larger settlement.
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Gerri Detweiler's 14 Questions you must ask when shopping DEBT SETTLEMENT
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