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Fees for Debt Settlement

How Much Does Debt Settlement Cost? The best things in life may be free (at least according to the once-popular song), but debt settlement is not. Even if you choose to settle your debts by yourself, you will (obviously) need to pay any lump sum amount you agree to pay your creditors. If you enlist […]
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Settling Delinquent Tax Debt

A popular misconception is that debt settlement can only resolve unsecured personal debts like credit cards and medical bills. While these debts can certainly be handled through a debt settlement program (and many debtors do handle these debts in this manner), these types of programs are also available to help debtors struggling with other types […]
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Regulations Affecting Debt Relief Agencies

Not all debt settlement or debt consolidation companies are reputable and legitimate. Unfortunately, this has caused some debtors to be taken advantage of by unscrupulous individuals. In an effort to protect vulnerable debtors who might be swindled, many states and the Federal Trade Commission monitor debt relief companies for dishonest or deceptive behavior. In addition, […]
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How the FDCPA Affects Your Debt Settlement

Debtors who fall behind on their bills will inevitably receive one (or multiple) intimidating telephone calls from a collector. Collectors who work for collection agencies are typically paid in relation to the amount of delinquent debt they are able to recover from debtors. For example, a collector who gets debtors to pay a total of […]
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Debt Consolidation vs. Bankruptcy – Debt Settlement

During these difficult economic times, debt consolidation and bankruptcy are common debt management strategies. There are many advantages and disadvantages of debt consolidation and bankruptcy for dealing with debts. Debt consolidation has proponents that often promote this strategy as a simple way to save money and protect your credit rating. You can choose to consolidate […]
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