Mar 15 2009
Debt relief through debt settlement
debt relief can come in many ways - you could get a tax refund and apply that to your credit card debt, you could get a raise or bonus and use that.Many people anxious to get out of debt go for the quick and easy scams that promise overnight debt relief. You have to know who to trust and who can really deliver true debt relief.
Today, I wanted to share with you a review of Credit Solutions of America and show you what kind of debt relief solutions they can provide.
Credit Solutions of America Review:
If you are not familiar with Credit Solutions of America, they are the largest debt settlement company in the US. They will work with your credit card companies on your behalf and try and negotiate down your credit card debts. For their services, they charge you 15% of your debt.
What kind of results can you expect with Credit Solutions of America? The average settlement is about 50% of what you owe. You could reduce your debts by 50% in 1-3 years.Talk about fast debt relief?This is much better than paying your credit cards with their huge interest charges for 30 years or more.
What will it do to your credit though? Since you will not be making your monthly payments to your credit card companies, your score will down. But the question is, would you rather have a low credit score or be debt free? Since you will be debt free, you should not need the use of your credit cards anymore so you need not worry about what your credit score is.
But, after 1-2 years after you use debt settlement, you will start to improve your credit score.Compare that scenario to having your credit ruined for 7-10 years with a bankruptcy. You can get a free debt relief quote from Credit Solutions of America and then decide if it is right for you.
