Welcome to the First Choice Debt Resolution Blog!
Thank you for visiting our Debt Settlement Company where we will go through a Debt Negotiation process to help settle your debt. We have several ways to work with you and your creditors to begin the Debt Settlement process. If you have Unsecured Debt such as Credit Cards, Medical Bills, Private Student Loans, Department Store Credit Cards, and Revolving Credit Lines, then a Debt Settlement Program is right for you. To begin your Debt Settlement Program, call us or simply fill out the form and a Debt Settlement specialist will contact you immediately.
Will Debt Settlement Work for me?
Debt Settlement is not for everyone and should be used as a last resort. Debt Settlement will work if you have substantial debt with creditors. Creditors want their money and they do not care how the get it. Our Debt Settlement program can start to give you peace of mind as we go through the process of Debt Negotiation or Debt Arbitration with a Debt Settlement Letter that works directly with the creditor. By having our company work with your creditors, you will stop receiving the annoying phone calls from the collection agencies.
What can Debt Settlement do for me?
With our Debt Settlement Plan we can start to eliminate collection calls, lower your monthly payments, you can avoid Bankruptcy, you can have one low monthly payment, and we can get you on the road to become debt free.
Debt Settlement is a way to lower your monthly payments and to eliminate your Unsecured Credit Debt. The process of Debt Settlement is geared toward your overall Debt Reduction. Debt Settlement is also called Debt Negotiation or Debt Arbitration. The idea behind Debt Settlement is that your creditor will agree to settle your overall balance with us at a drastically reduced amount and then consider the balance settled or paid.
The overall objective of Debt Settlement is for you to avoid Bankruptcy. If you file for Bankruptcy then the creditor will likely lose all money that is owed to them (a very good reason creditors agree to work with Debt Settlement companies). Bankruptcy will also put you in a bad position credit wise for many years, hurting your chances in the future of owning a home, owning or leasing a car and obtaining credit cards, causing an uphill battle when it becomes time to regain trust from creditors. After a Bankruptcy, you will not be without paying extremely high interest rates on credit cards and loans, if you get approved down the road.
Debt Settlement arrangements can help reduce the money that you owe by 25% to 65%. Debt Negotiation can be complete within 6 to 60 months. Call a Debt Settlement debt analyst now for details.
How will Debt Settlement affect me?
With any Debt Settlement process there are some drawbacks that you will need to consider. Your credit report may show that there was a Settlement of Debt with your creditors which can affect your overall FICO scores. At this point, if you are looking for Debt Settlement, your credit score may already be on the verge of becoming lowered due to overwhelming amounts of debt that you cannot get out of without assistance. It is a good idea to speak with a Debt Settlement specialist to see if Debt Settlement is a good choice for you. Not everyone qualifies for every Debt Settlement program. Call now to find out if you qualify before it is too late!
Most consumers who are seeking Debt Settlement have thought about Bankruptcy. A creditor does not want you to go this route and neither should you. With Debt Settlement, creditors are happy to know that they are going to receive a payment within a reasonable amount of time. By using our Debt Settlement plan, trust is developed between you and your creditor. Although most creditors would rather receive your full payment, at this point, they know this is your last resort and are willing to work with our Debt Settlement Company.
Do it yourself Debt Settlement?
Like any service or industry it is better to leave the job to the professional who does this day in and day out. Creditors have already been in contact with you and do not want to negotiate the debt that you have acquired with them. Debt Settlement is a process that calls for industry knowledge and the ability to converse with your creditors. If you do chose to do your own Debt Settlement, the process will likely be more costly and take many months or years longer. Our Debt Settlement Company settles large amounts of debt with each creditor, enabling us to get a much better deal at Debt Negotiation time. You can trust our Debt Arbitration Department to take care of your Unsecured Debt.
Should I feel embarrassed about using Debt Settlement as a last resort?
The answer is NO! Most creditors make you feel like you have done something wrong. It is the creditor’s job to do so. The creditor’s main objective is to collect their money PERIOD! They do not understand that situations and circumstances arise causing you to get behind. Hardships make paying bills difficult if not impossible. You could have lost your job, lost a loved one, and the list can go on. Situations happen in our lives that are beyond our control. Creditors are actually happy that they are going to receive payment from our Debt Negotiation Department.
Debt Settlement vs. Credit Counseling
There is a major difference between Debt Settlement & Credit Counseling. Debt Settlement helps settle your debt with creditors by reducing the amount that you will pay them back. Debt Settlement also reduces the amount of time it will take to become debt free.
Credit Counseling Services works for the creditor. Simply put, Credit Counseling may only reduce your payment by a small amount and keep you paying on your debt for many years longer than if you were to be enrolled in a Debt Settlement program. Did you know that by paying minimum payments on a credit card you can be paying for over 50 years before the balance is paid? Call us now and one of our Debt Settlement debt analysts can calculate how long you will be paying on your credit accounts. As always, there is no obligation.
What Type of Debt can be settled?
The Debt Settlement process can be used to pay off Unsecured Debt. Unsecured Debt is Credit Card Debt, Department store Credit Cards, Gas Cards, and Medical Bills in Collection, Revolving Credit Lines, Unsecured Lines of Credit, Personal Loans and some other loans that have made it into collections. Call now to find out if your debt qualifies for elimination through one of our Debt Settlement programs.
Debt Settlement can not be used for…
Mortgages, Auto Loans, Student Loans, or any type of government loan cannot be negotiated by a Debt Settlement Company. In most cases the creditor can repossess, or foreclose on a home or auto loan. Private Student Loans may be an exception. Speak to a debt settlement specialist now for details.
Will my wages be garnished by my creditors?
If you listen to some Debt Collectors, you might be fooled into thinking that they will seize your very next paycheck unless you make a payment right then and there. The threat of losing part of one’s wages to a garnishment action is truly frightening to someone already struggling financially. This is mainly an intimidation tactic used by collectors to scare people into committing to a payment schedule whether or not they have the funds available. Actual garnishment actions are relatively rare, and do not happen without advance warning. First, a creditor must bring a lawsuit, obtain a judgment, and then take additional steps to obtain authorization for the garnishment. No one can take your paycheck without court approval, and you must be given notice of such court action through formal documentation. So don’t be fooled by one of the oldest collection tricks in the book.
Debt Settlement has been around for decades. Debt Settlement has only become more relevant since the 1980’s when the banks became more accessible to lend out more money and when there has been a recession or economic collapse. Debt Settlement is looked at in a positive light. This gives your creditors a good impression and shows that you are making strides to pay your debts.
Many people think that when they decide to hire a Debt Settlement Company that the Debt Settlement Company works with the creditors and not the consumer. This assumption is not correct. We work for you. You are our customer, the creditor is not. First Choice Debt Resolution, LLC is the Debt Settlement Company that will work directly with you to put you on the right path to become Debt Free. Fill out the form now for a free, no obligation analysis of your debt. One of our Debt Settlement debt analysts will call you immediately.
To learn more about our debt settlement services, click here.
