In previous articles I have written about credit card consolidation . In this article we will explain another type of credit card consolidation. Which is Debt Restructure combined with Debt Settlements.
What exactly is this form of debt relief? Pretty simple and very effective. First, a debt buyer, someone who purchases debt for a living, with your permission, settles your debt for approximately 40% of what you owe. Next, if you approve, the debt buyer writes the creditor a check for the entire 40%. You then pay back the debt buyer at 55% of the original debt over a period of years, in affordable monthly payments. Yes, the debt buyer, who is assuming the risk, is making a nice profit, but you, the debt ridden consumer, are also benefiting greatly. This is a win, win situation.
Is this program appropriate for everyone? No, it is appropriate for consumers who are at the end of their rope, and can no longer afford to keep up with their minimum payments, and either cannot afford a bankruptcy, or would rather not file a bankruptcy.
Their is another aspect to this program that is very effective. Built in to the program is legal protection. Just in case you are sued by a creditor before the debt is settled and purchased.
Another nice feature is you are actually assigned an attorney to follow up with a lawsuit for violations by creditors of the FDCPA, thats the Fair Debt Collection Practices Act.
These features make this program unique, and a great help for debt relief in the appropriate circumstance.
If you are interested in learning more about this Debt Restructure program, please call 877-766-2465, or visit FREE CREDIT COUNSELING.
Written By:
Steven Ciantro
Certified Credit Counselor
American Debt Enders
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