Is Debt Settlement the Right Decision?

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Dramatic changes in the economy have caused many consumers to face an important decision about the future of their financial life.  Therefore, starting the debt negotiation and debt settlement process is more important now than ever before for all debtors in pecuniary distress.  All across the country, millions of consumers are finding it more difficult to qualify for low interest loans and personal credit; not to mention the higher levels credit card late fees have reached over the last 10 years.  Mortgage interest rates continue to rise and Adjustable Rate Mortgage (ARM) payments have skyrocketed, making it more difficult to cover the minimum payment for contractual debt obligations.  As a result, consumers are finding it more and more difficult to meet their financial obligations.

Imaginative ways to continue lending money.

Lenders keep offering alternative credit programs to people who are in desperate need of help. However, this only prolongs the problem and often ends up simply increasing the total dollar amount already owed by the debtor.

For most Americans, finding and working with a reputable and reliable debt relief company is frequently a difficult proposition.  It is not enough just to look at the company’s history or searching online for BBB ratings and reviews.  Often these companies cleverly hide their fees and true results.  The fact is since 2010 the FTC banned all debt settlement companies from charging upfront fees and thereby preying upon consumers in desperate need of financial assistance.  As a rule of thumb, debt relief programs that do not encourage you to research their services are not worth your time.

In the past, if you found yourself in this situation, the traditional choices available – Debt Settlement programs, Debt Negotiation, Repayment plans, and Debt Consolidation – were pretty much the only options you could pursue. But today, thankfully, there is a more affordable solution that may help you settle your debt and bring you financial peace of mind.

Keep an eye out for the right option that suits your financial needs.

Not all debt settlement plans are the same.  As a consumer, you need to find the right debt settlement solution that fits your financial situation.  SettleiTsoft® is a FREE debt negotiation platform designed to help consumers in financial distress, providing users with all the tools to help alleviate their debt burden.

With all these debt-related offerings, consumers may find themselves being confused when they study the different alternatives for debt settlement and the numerous companies making the offers.  The best approach is to always take your time and compare all the debt settlement options, which will enable you to discover the program that works for your current financial situation.  The following are just a few of the many important factors you should consider:

  1. Does the program actually provide resolutions to my financial problem?
  2. Does the company offer a reliable debt relief program solution?
  3. Does the company present a diverse number of options? By having a variety of choices, the company should be able to offer a debt relief program that best fits your specific needs.
  4. What is the cost associated with the service?
  5. Are there any hidden costs of which I should be aware?
  6. Do they charge upfront money for the service?
  7. Is any portion of my monthly payments used to cover their fees?
  8. Is the company well established with a good reputation?
  9. Will they represent me in court if I am sued or a judgment is issued against me?
  10. How does the company get paid for their services? The best ones will earn their money from a percentage of what they save you.
  11. How long has the company been in service?
  12. Are they affiliated with the BBB (Better Business Bureau)?
  13. Have any complaints been filed against them with the FTC (Federal Trade Commission)?

Phone App 3New technologies are disrupting the traditional methods.

New changes in the automation of the debt settlement industry have resulted in development of more cost effective solutions to consumers in need of a financial help.  The SettleiTsoft® debt negotiation platform is one of those pioneers – disrupting the manner in which your defaulted debt obligations may be resolved.  The SettleiTsoft® base version is free and it encompasses all the tools needed to establish a seamless debt negotiation process with your creditors, while continuously keeping track of the process through its intuitive web portal and/or mobile application.

The Beta Release of SettleiTsoft® is on the way for the 3rd quarter of 2016.  Meanwhile, the SettleiTsoft Team says slow down, relax and get ready to see how this powerful debt negotiation platform may help you get out of the red without spending any of your green.

Disclosure: The debt settlement process is a personal choice and consultation should be sought with a qualified, licensed professional.  SettleiTsoft® is a debt negotiation platform where the debtor has the option to address all their financial needs as well as the debt settlement process.  SettleiTsoft® is not a debt settlement company and does not solicited any debt settlement services.

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