Tuesday, January 15, 2013

Is Debt Settlement a Scam Expert Tips Find Legitimate Relief ...

legitimate debt relief programswww.unitedfinancialrelief.com

Would you be willing to do everything in your power to protect yourself from poverty and self-destruction? Moreover, would you trust a debt relief solution allowing you to cover your massive debt, by simply making a low monthly payment, within the next 48 months? The truth is that effective, personalized debt settlement plans can really make a difference in one?s life. On the other hand, the mere thought that a comprehensive, affordable program can actually take this huge burden off their shoulders makes most people wonder: is Debt Settlement a Scam? Debt settlement is far from being a scam; it is actually one of the most popular legitimate debt relief programs (just like credit counseling and bankruptcy) guiding people towards that much-awaited financial stability over a relatively short period of time. Below you will find interesting details on debt settlement, allowing you to make the smartest choice in order to protect your financial future.

How to choose the right debt settlement company:

1)????? Analyze the settlement percentages
Is Debt Settlement a Scam
? You?ve probably asked yourself this question a thousand times now. According to recognized, respectable financial advisors, the right debt settlement program can help you pay off your debt in as short as 24 to 48 months, by making one affordable monthly payment, lower than those minimum monthly payments that you can?t keep up with. While debt settlement is far from being a scam, you have to be very careful when it comes to selecting the experts who will be in charge of restoring your financial credibility. Keep in mind the fact that debt settlement companies are able to achieve in a settlement hovers around 50%. Be very skeptic if a company quotes you a settlement percentage lower than this figure; in this case the so-called specialists behind this offer will certainly try to sell you an illusion, while trying to provide a debt settlement plan that could get you into a lot of trouble with your creditors. If a company first quotes you a 30% settlement but then delivers a 60% settlement in your case, the monthly payment you were initially on won?t be adequate. Such an unpleasant situation would only generate panic, frustration and further problems with your creditors.

2)????? Don?t agree to pay in advance for debt settlement services
Why pay in advance for the mere guarantee of living a debt-free life? The beauty of debt settlement plans is that you don?t have to pay a dime until you actually get to witness the promised results. Due to much-needed reforms made by the Federal Trade Commission (FTC) in 2010, debt settlement companies are prohibited from charging any fees until a debt has been settled. After solving your pressing financial problem, the company you?ve worked with is allowed to collect a flat fee ranging from 18% to 25%. Beware of company asking for less than that; a debt settlement process may be an extremely convenient method of regaining financial freedom but it isn?t cheap, so make sure you do business with a FTC-compliant company, to avoid deception.

3)????? Take the program length into consideration before making a decision
Usually, a debt settlement program should provide excellent results in as little as 24 to 48 months. One should avoid companies guaranteeing instant results or so-called specialists supporting programs longer than that.

4)????? Industry Accreditation is a crucial factor
Debt settlement is one of the most important legitimate debt relief programs, designed to guide your steps towards a financially secure future. While the Better Business Bureau (BBB) can be considered an excellent source of information, it is always advisable to do a little research on your own, before deciding to put your financial future into the hands on a certain debt settlement company. Do a background check, ask for testimonials and finally opt for a respectable company with a 100% positive customer feedback to minimize risks.

One thing is certain: massive credit card debts don?t vanish into thin air and your financial situation will only get worse, unless you take this matter into your own hands as soon as possible. United Financial Relief has improved the lives of thousands of Americans enduring financial hardship. Count on an effective, personalized debt settlement plan elaborated by a team of experts employed by United Financial Relief to reshape your financial future. For a cost-free consultation call United Financial Relief today at 1-888-534-5010 or visit them at www.unitedfinancialrelief.com.

Source: http://www.nationalnewstoday.com/money-and-investing/is-debt-settlement-a-scam-how-you-can-find-legitimate-financial-relief-programs-with-tips-from-expert.php

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