Bankruptcy versus Debt Settlement: Know Your Options

Posted on December 10th, 2008 by Wayne

Debt Negotiators Online will help you navigate the maze of debt management options. How do you evaluate bankruptcy versus debt settlement to know which is the right option for you. There are actually 2 kinds of bankruptcy quite different from each other.
Here is a brief description of each:
Chapter 7 Bankruptcy
Chapter 7 is a liquidation bankruptcy [...]

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The Best Debt Settlement Program

Posted on November 29th, 2008 by Wayne

The best debt settlement program is one that has your best interest in mind and not their own. Some debt settlement programs are very effective in helping you get out of debt quickly, while others put you on the fast track to bankruptcy. So how do you choose the right one?
An interesting article came out [...]

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Debt Settlement Credit Score Ding VS High Stress and Worry

Posted on November 27th, 2008 by Wayne

Just came across this article by Susan Megge that makes a valid point about credit score and debt settlement: what is more important: keeping a high credit score (which may costs you much stress and worry about keeping up with payments) or clearing your debt with a temporary credit ding and lowering your stress by [...]

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Will debt settlement affect my credit score (FICO)?

Posted on November 26th, 2008 by Wayne

Yes. More often than not, being in debt, your credit accounts already have, or are, in the process of being reported negatively to the major credit reporting agencies. Depending on how long you have been delinquent in payments, negotiating and settling these debts for good will have an overall positive effect on your credit score. [...]

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Debt Negotiators Online: Your Primary Options For Credit Card Debt

Posted on November 24th, 2008 by Wayne

Debt Negotiators Online will help you navigate the maze of debt management. How do you evaluate the various options out there? Which option is right for you?
Here are your main options and some pros and cons:
1. Bankruptcy
If you think this is an option that you need to consider at this time, I recommend you [...]

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Debt Settlement Services: Beware of Most Debt Negotiation Companies

Posted on November 23rd, 2008 by Wayne

Debt negotiation is not the same thing as credit counseling or a debt management plan. It can be very risky and have a long term negative impact on your credit report and, in turn, your ability to get credit. That is why many states have laws regulating debt settlement companies and the services they offer.
Many [...]

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  • Damon,

    After I'd signed with another debt settlement company, I started to get cold feet. Our conversation yesterday helped me realize that I'd made a mistake. Your service will be roughly half as expensive as theirs, and I am very happy with your contingency fee arrangement - I was worried that the other company would end up taking my money without providing me with substantial help. It also makes good sense to me that I should be communicating with the credit card companies; I felt uneasy about the other company's policy of prohibiting debtors from communicating with the creditors directly. I canceled my agreement with the other company today, and I am eager to get going with your service. I've been a lawyer for 26 years, and I never thought that I'd end up in such an enormous financial mess. I feel much better about the situation using your approach. - Mike, New York

    Damon,

    I have been in consulting and sales for 7 years and have had the awful experience of watching sales reps use pressuring sales tactics to push customers into purchasing their product. My experience with Consumer Recovery Network was very different. Damon Day exemplifies a true consultant. He not only allowed me to vent my frustration with my current situation, he gave me sage and sobering advice that helped me realize that life will continue! I felt much more prepared after our consultation to develop a strategy to end the maddening situation I am in today. He is well-educated in his industry, well-versed with the legal aspects of his job, and understands your rights as a consumer. He has the experience necessary to be a trusted advisor to help you through your financial struggles, whatever they may be. My personal experience with Damon suggests that you will have an informative, consultative experience that will give you a much better perspective on how to truly get you one step closer to freedom. Colter - Utah

    Damon,

    I cannot tell you how much more at peace I am after our conversation last night. I think Lance is too. We are not happy with any of this situation, but we are praying that maybe we can see the light at the end of tunnel. Lori - LA

    Damon,

    Our conversation was very pleasant and reassuring that there is light at the end of the tunnel. I have enquired into other sources of debt solutions and found yours to be my best option. It is a shorter term solution than the others I have talked to. I am 58 and have never had any problem with paying my bills until I lost my job. I have read several books on finances and have found having credit can hurt you or help you. I would suggest everyone get educated on finances and if they need a solution to a financial problem to check your web site out. It feels like someone really cares. Thank you for caring Mike – IN