Debt Settlement: Avoid These Misteps
As the number of bankruptcies filed has grown by five times over the last 25 years, according to the Federal Reserve, “debt settlement” has become the popular alternative. The question is: To negotiate one’s own settlement, or to seek professional debt settlement assistance?
“Debt settlement” refers to the process of negotiation, as well as the mutually agreed upon lower-than-original settled amount. In the face of financial hardship, should a consumer file bankruptcy, the creditor gets paid little if anything. Through settlement, we can provide both creditors and debtors with workable solutions that are beneficial to both parties,” says Todd Hayes, Managing Director, Precept Financial Solutions, the first debt settlement company to be admitted to the American Bankers Association.
The main pitfalls of negotiating one’s own debt, plus associated benefits one may expect from a professional debt resolution service are:
1) Lack…
Tags: 
