When it comes to our financial problems, there are many people who do not like to discuss their problems openly. When we review some of the reasons people may use a debt settlement program, there are common themes that stand out. Here are the top 10 reasons to use a debt settlement company:
– You have credit cards or department store cards and the total debt is greater than five thousand dollars.
– You no longer have the ability to make all of your payments and are beginning to fall behind in meeting the minimum monthly payments due on your credit cards.
– You have a change in your financial status and no longer receive enough money to cover your monthly bills.
– You try to negotiate with your credit card or department store companies to lower your payments or interest rate and based on your history or recent activity they don’t want to adjust the account.
– You are starting to receive collection calls because you are falling behind on your monthly payments or not making the minimum payments required by your credit card agreement.
– You are concerned that your credit score will be affected by late payments and you do not want your credit to be completely destroyed
– You are thinking of declaring bankruptcy because you don’t see any other way out.
– You are afraid that the credit card companies will pass judgments against you. You’re trying to stop the madness before it gets worse.
– You want to be debt free and you know you can’t do it alone. There are too many debts and you can’t afford to pay them now.
– You know they have the knowledge, training, and experience to help you put together a plan for you to work with your creditors, help you stop collection calls, help you lower your interest rate, and work on an agreement with you and your credit card companies. They help you work toward your goal of being debt free, and this, in turn, works to repair your credit score. Review the top 10 reasons again, everything takes time, but it also takes a lot of stress out of your life knowing there is light at the end of the tunnel.