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      April 24, 2018

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Benefits of Debt Settlement

Debt Consolidation vs Debt Settlement

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Reasons for Debt Consolidation

The Bankruptcy Process Explained

What Is Debt Consolidation?

What Is Debt Negotiation?

What Is Debt Settlement?

What To Do if You're In Debt

 

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Top 5 Benefits of Debt Settlement

If you have the finances to accomplish debt settlement, you can get out of debt quickly and permanently. As the name implies, debt settlement refers to an amicable agreement reached between yourself and a creditor for either one lump sum, or a structured payment plan, in order to achieve a discounted payoff on an account. Below are five reasons to consider this option for getting back on the road to financial freedom.

Say goodbye to your bills. With debt settlement, your bills are gone for good. In most instances, a settlement will result in the creditor closing your account. While this may seem difficult, especially if you have become reliant on your credit card(s), it will prevent you from using them again in the future and rebuilding a mountain of debt. Debt settlement you to wipe the debt away permanently.

Your phone will stop ringing. If you have ever been late with one or more bills, then you already know that creditors begin calling at 8 a.m. and are not legally required to stop calling until after 9 p.m. at night. Depending on how many bills you are behind with, your telephone may be ringing at all hours. This is not only unnerving to you and your family, but it gets even worse when the collections department makes you feel terrible about your situation. With debt settlement, the phone will stop ringing because you will no longer owe anything on a settled account.

Avoid legal action & bankruptcy. Depending on the amount of debt that you owe to a particular creditor and the severity of the delinquency, they may pursue a civil judgement against you in order to recover payment. Once a judgement is entered, the creditor can petition the court for permission to garnish your wages, attach to your bank account or other legal methods used to collect a debt. A debt settlement will prevent this from happening and will ease your mind about ever getting served with lawsuit papers. In addition, settling your debts will enable you to prevent the filing of bankruptcy, which is a stressful process and the worst blemish that you could have on your credit report. While a bankruptcy will remain on your credit file for up to 10 years, a debt settlement will expire after 7 years.

Improve your credit score. How can debt settlement improve your credit score? At first, it may not help that much. But compared to the alternative of continued late or missed payments, mounting debt related to late fees and penalty interest, a settlement will be much better for both you and your credit report. At the very least, debt settlement will show that you have attempted to repay your debt(s) and, at best, your credit score will improve as you slowly begin to rebuild your credit.

Eliminate your debt at a fraction of the balance. With debt settlement, you agree to pay the creditor one lump sum, or structured payments, to eliminate the debt altogether. In exchange, the creditor agrees to accept a fraction of the balance as full payment. Quite often, you can settle a debt for as little as 20% on the dollar, which means a $10,000.00 debt could potentially be settled for $2,000.00. If you were to continue making payments on that same account, combined with interest rates, you would likely end up spending $20,000-30,000 before finally reaching a zero balance. With debt settlement, you are not only saving the obvious difference between the balance and the settlement amount, but you may also be saving a considerable amount of money in interest.

Greece Beats Bailout Targets Again as Debt-Relief Talks Loom

The European Commission confirmed on Monday that Greece beat its bailout targets again last year, strengthening the government's case against demands to bring forward additional tax measures originally scheduled to kick in starting 2020. Europe's most ...

Published:  Mon, 23 Apr 2018 05:20:00 GMT



Euro zone to link debt relief to sound future Greek policies

WASHINGTON (Reuters) - Euro zone creditors are working on a debt relief offer for Greece that would be an incentive for Athens not to backtrack on reforms from its three international bailouts and to continue to stick to prudent fiscal policy, senior EU ...

Published:  Sat, 21 Apr 2018 20:43:00 GMT



Greece's Creditors Close to Compromising on Debt

The aim is to have a final agreement in the early summer, but key differences among creditors on the scope and type of debt relief persist. The IMF would like to see wide-scale debt relief on all of Greece's euro-area loans --including those from other c ...

Published:  Sat, 21 Apr 2018 07:13:00 GMT



Behind bloody Gaza clashes, economic misery and piles of debt

He sold his house to cover $90,000 of his own debt and now owes rent to a landlord ... said the demonstrations have provided needed relief. "We are a little bit happier than before," Yousef said. "We can see something with this demonstration ...

Published:  Mon, 23 Apr 2018 12:19:00 GMT



How To Restore A Credit Score Shared By National Debt Relief

The credit score is one of the most important financial factors people need to look into and National Debt Relief helps consumers keep their score up. The article titled "5 Easy Steps To Help You Restore Your Credit Score" released April 16, 2018, shares ...

Published:  Sat, 21 Apr 2018 11:37:00 GMT



Refresco debt to be partially refinanced following acquisition by consortium of PAI and BCI through issue of €445 million of Senior Notes due 2026

Refresco now anticipates total run-rate synergies of €63 million in the first three years following the consolidation. The Group's Pro Forma Synergies Adjusted EBITDA for the year ended December 31, 2017 was €392.1 million and the Group's forma net ...

Published:  Mon, 23 Apr 2018 00:05:00 GMT



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