Monday, December 8, 2008

Debt Settlement Vs Debt Management



The economics is getting worse. Everyone controls their expenses because they do not want to have a debt. Household needs are more expensive before, the gasoline is cheaper but there is limitation on the selling so it is quite difficult to find it anywhere. Everyone who already has a debt is hoping for the best condition. They do not want their debt bury their life. They try to find a Debt Settlement to help them. Wait, there is a difference between debt settlement and debt management. I want to explain it as I have read from a site.

If you do not have a significant problem with your bill, for example, you have not messed up your bill to far so that it still can be controlled, and your bill amount do not charged you off too much, all you need is debt management. So the debt management company will negotiate with the credit card companies to lower the interest rates. They will help you to maintain your payment into three years, for example, and make it affordable to be paid. But what is the difference with debt settlement? Well, here, let me tell you, pay a really close attention.

Debt Settlement is for people who can’t pay off their debts in full. Even though they have been put into a payment program, but they still can not afford it, they are already messed up their credit and they really desperately need help. They need someone to cut their monthly payment and debt. They need debt settlement. So the settlement company will negotiate with the credit card company or debt collection agency with lower payment. They could cut it into 30% - 70 % its depending on the type of debt and the age of the debt. SettleDebtNow.com offers debt settlement services. If you need help according to this problem, just contact them.


regards,


2 comments:

joanne said...

sometimes ... I think it's better to have a limited ammount of credit card, so we're not going too far in our debt...

Uncle Lee said...

Hi Devita, guess in todays world everyone will have some kind of debt, mostly credit cards.
And with the festive season coming up, incurr more.
But as long as we know our capabilities and stay out of the deep end, we should be alright.
But you have a good idea there.
Have a nice day, Lee.

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