If you haven’t heard this commercial yet, I am sure you will soon. It goes something like this. “Are you $10k or more in credit card debt? Take advantage of the federal bailout services now available.” If you are head deep in high interest credit card debt, feeling the pressure of servicing the loan(s), and hear of an escape that doesn’t involve bankruptcy you are probably very interested in hearing about this program. The problem is most of them are a scam at worst, or a rip off at best. That doesn’t mean they all are, but for the majority of them they are not worth the amount they charge. The reason they are not worth it is because for the most part you can do a lot of the settlement yourself. The deal ismost people don’t realize the options they have at their disposal.

Some things you need to know if you are in a lot of unsecured debt is this.

1. You can negotiate your balance down in most cases
2. You can negotiate your interest rate down in most cases
3. You can develop a legal binding settlement without hiring an attorney
4. You can stop harassing phone calls
5. You can protect your credit in a lot of cases

The problem is most people are not aware of their rights, nor what strategies to use to protect themselves and settle the debt. I offer a FREE credit counseling services for first time clients to our site. If you are struggling to keep your head above water, and would like to find some answers without having to “buy” something then feel free to contact us today.

This entry was posted on Saturday, July 3rd, 2010 at 2:10 am and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.