In this video you will learn about the pros and cons about the various debt consolidation and settlement options and see why Freedom Debt Relief has the best option to tackle your debt problem.

Duration : 0:6:45

Technorati Tags: bankruptcy, consolidation, counseling, credit, debt, help, relief

Duration : 0:1:9

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People signing up with debt settlement firms often have the mistaken impression that their creditors will gladly work with such companies..or that they are obligated to accept settlements…they aren’t. You can never predict how your creditors will respond..they might settle at 50%…or they might serve you a summons, take you to court…and if they win, you could be looking at wage garnishment. If the process fails you can end up in a much worse financial situation.

If you’re already 3 or more months behind and you have money to offer up front settlements for less, then you can make your own offers. Get all terms in writing first.

If you’re struggling with credit card debt and you’ve exhausted all self help options, then there are really only 2 options: Entering a debt management plan through a non profit credit counseling firm like CCCS. They can negotiate reduced payments and interest but NOT settlements. Referral at: http://www.nfcc.org – If this does not work out, the other option is Chapter 7 bankruptcy.

Duration : 0:0:41

Technorati Tags: consolidation, debt, get, of, out, settlement

Duration : 0:1:17

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DEBT SETTLEMENT IS NEVER YOUR BEST OPTION for eliminating credit card or other unsecured debt. Even if you happen to find a legitimate debt settlement company, there are some serious consequences and drawbacks, including…

- Short and long term damage to your credit
- NO GUARANTEE of results
- Very high and confusing fees
- Front-loaded fee schedules that delay progress in settling your debts, and
- Tax Implications (you will most likely receive a 1099 from your creditors for the amount of the balance reduction, which means you’ll have additional income taxes due)

If you need assistance getting out of debt, a superior alternative to traditional debt settlement is Debt Resolution. Debt Resolution offers all of the benefits of debt settlement, but also either eliminates or significantly reduces the negative aspects mentioned above. Unlike debt settlement (which relies solely on the level of your delinquency to negotiate settlements), Debt Resolution leverages good faith debt laws to both challenge the amount of the debt owed, and provide legal protections for the borrower. Features include:

- Eliminate 55% of your unsecured debt (guaranteed in writing). Try asking a debt settlement company for a guarantee.
- Cut your monthly payments in half (or less)
- No interest charges
- No negative tax consequences (you won’t get a 1099 from the creditor)

As an example, if you owes $12,000 in credit card debt, 45% of that is $5,400. If you can afford $600 per month, you can be out of debt in just 9 months ($5,400 / $600 per month). If you can only afford $200 per month, you can be out of debt in 27 months ($5,400 / $200 per month), and so on… The only other cost associated with the program is a one-time enrollment fee of $500 to administer the paperwork, get set up in the system, and establish the trust account from which the creditors will be paid.

That’s it. There are no other costs or fees. Just a one-time $500 enrollment fee and 45% of the current balance, which can be spread over as many as 45 months, depending on what you can afford.

As for those well-intentioned contributors on the forum who suggest that you can do a debt settlement yourself… Well, they’re right, you can do a debt settlement yourself. But guess what? You’re most likely not going to settle your debt for less than 45% of the balance, which is the contractually guaranteed amount if you enroll in Debt Resolution. And guess what else? Unless you are familiar with the good faith debt laws and the laws of your state that govern credit card agreements – and you know how to leverage those laws to have the principal reduction considered a correction of the amount owed rather than a forgiveness of debt, you’re going to receive a 1099 for the amount forgiven, and you’ll have to pay taxes on it.

And what about suggestions of help through CCCS? Well, you can go that way if you want to pay 3 times as much and have the process take 2-3 times longer. You see, they’re closely aligned with the credit card companies, and their goal is to get you to pay back as much as possible. Let’s use the example above where you owe $12,000, and can afford $200 per month. With Debt Resolution, you’ll be debt-free in 27 months. With consumer credit counseling ??? Let’s say they reduce your interest rates to just 9.9%. If you were able to pay the $200 per month, it would take you 83 months to complete the program, and you would have paid $16,630 (instead of $5,400 !!!). But it’s very likely that they would limit your term to just 5 years (60 months), in which case you would have to pay $254/month for 5 years (total of $15,262).

Quick question: Which sounds better to you… $5,400 and be out of debt in 27 months (at just $200 per month) OR $15,262 and be out of debt in 60 months (at $254 per month)?

But remember… DEBT RESOLUTION IS NOT THE SAME AS DEBT SETTLEMENT, and you CANNOT get these benefits from a debt settlement company.. Debt Resolution is a unique, proprietary process developed and perfected over many years by a former Deputy Attorney General of California with over 40 years of legal experience, including more than 15 years specializing in resolving debt.

For more information on Debt Resolution, you can visit:

http://www.BetterThanDebtSettlement.com

Duration : 0:1:43

Technorati Tags: bankruptcy, credit counseling, debt, debt consolidation, debt reduction, debt settlement

DEBT SETTLEMENT IS NEVER YOUR BEST OPTION for eliminating credit card or other unsecured debt. Even if you happen to find a legitimate debt settlement company (good luck there), there are some serious consequences and drawbacks, including…

- Short and long term damage to your credit
- NO GUARANTEE of results
- Very high and confusing fees
- Front-loaded fee schedules that delay progress in settling your debts, and
- Tax Implications (you will most likely receive a 1099 from your creditors for the amount of the balance reduction, which means you’ll have additional income taxes due)

If you need assistance getting out of debt, a superior alternative to traditional debt settlement is Debt Resolution. Debt Resolution offers all of the benefits of debt settlement, but also either eliminates or significantly reduces the negative aspects mentioned above. Unlike debt settlement (which relies solely on the level of your delinquency to negotiate settlements), Debt Resolution leverages good faith debt laws to both challenge the amount of the debt owed, and provide legal protections for the borrower. Features include:

- Eliminate 55% of your unsecured debt (guaranteed in writing). Try asking a debt settlement company for a guarantee.
- Cut your monthly payments in half (or less)
- No interest charges
- No negative tax consequences (you won’t get a 1099 from the creditor)

As an example, if you owes $20,000 in credit card debt, 45% of that is $9,000. If you can afford $750 per month, you can be out of debt in just 12 months ($9,000 / $750 per month). If you can afford $400 per month, you can be out of debt in 23 months (9,000 / $400 per month), etc… The only other cost associated with the program is a one-time enrollment fee of $500 to administer the paperwork, get set up in the system, and establish the trust account from which the creditors will be paid.

That’s it. There are no other costs or fees. Just a one-time $500 enrollment fee and 45% of the current balance, which can be spread over as many as 45 months, depending on what you can afford.

As for those well-intentioned but uninformed contributors on the forum who suggest that you can do a debt settlement yourself… Well, they’re right, you can do a debt settlement yourself. But guess what? You’re most likely not going to settle your debt for less than 45% of the balance, which is the contractually guaranteed amount if you enroll in Debt Resolution. And guess what else? Unless you are familiar with the good faith debt laws and the laws of your state that govern credit card agreements – and you know how to leverage those laws to have the principal reduction considered a correction of the amount owed rather than a forgiveness of debt, you’re going to receive a 1099 for the amount forgiven, and you’ll have to pay taxes on it.

But remember… DEBT RESOLUTION IS NOT THE SAME AS DEBT SETTLEMENT, and you CANNOT get these benefits from a debt settlement company.. Debt Resolution is a unique, proprietary process developed and perfected over many years by a former Deputy Attorney General of California with over 40 years of legal experience, including more than 15 years specializing in resolving debt

For more information on Debt Resolution, you can visit:

http://www.BetterThanDebtSettlement.com

Duration : 0:9:58

Technorati Tags: bankruptcy avoidance, debt elimination, Debt Negotiation, debt reduction, debt relief, debt settlement