Debt Settlement works by negotiating a reduced pay-off (settlement) of the balance owed (principal) on your unsecured personal debt accounts.. This is different from simply reducing the interest rate as with many Debt Consolidation and Credit Counseling services, which do not affect the total debt balance. By reducing the debt balance itself, Debt Settlement provides a much quicker means of becoming debt-free. Many creditors may be willing to accept 50%, 35%, sometimes as low as 20% of the balance owed in order to close out an account rather than lose the entire amount in a bankruptcy proceeding. From a business perspective, it is a matter of the creditor receiving something rather than nothing, as would be the case in most bankruptcies. Of course, different creditors have different policies and results will vary but many creditors or collection entities will agree to to 20-80% OFF your debts. As a consequence of this approach, money that was previously wasted on endless minimum payments (most of which went toward interest charges) goes toward reducing the actual debt balance. That's why Debt Settlement through negotiation is the fastest debt elimination method and a great alternative to Chapter 7 Bankruptcy.

Anyone can do this and successfully negotiate a reduced pay-off of their debts using our inside knowledge and experience of the credit, collection and debt negotiation industry. We have helped countless individuals to negotiate their own debts and Save Thousands of dollars off such debts. The great thing is, that you are not alone, we provide support to help you.

While the Debt Settlement approach is not suitable for everyone, its flexible nature makes it applicable to a wide range of financial circumstances. For individuals and families seeking an alternative to bankruptcy, there is simply no better option to get out of debt. Here are a few guidelines to help you determine whether or not Debt Settlement is something you should consider:

• Do you have a legitimate financial hardship condition?

Most debt problems are caused by loss of income, medical issues, or divorce/separation. These are legitimate financial hardships that can happen to anyone through no fault of their own, and any one of these situations can wreak havoc on a household budget. The important point here is that the Debt Settlement system is not a "free lunch" for people who don't feel like paying their bills. If you are over your head due to a hardship circumstance, and you'd prefer to work things out with your creditors rather than declare bankruptcy, then Debt Settlement can provide an honest and ethical debt relief alternative.
• Are you committed to avoiding bankruptcy?

Debt Settlement is best viewed as a bankruptcy alternative, one that allows you to keep control over the process and maintain privacy while working through your financial difficulties. As with most things in life, success is determined by your level of commitment to staying the course, even when the road gets a little bumpy. If you are likely to give up at the first rough spot, then Debt Settlement is probably not the best choice for you. But if you are determined to avoid bankruptcy, Debt Settlement will likely be the most attractive debt solution for you.

• Are your debts primarily from credit cards?

Most types of unsecured debt can be negotiated, including medical bills, lines of credit, signature loans, repossession deficiencies, financing contracts, department store cards, miscellaneous bills and more. The deepest discounts, however, are usually obtained with credit card debts. The results are far more predictable with credit card accounts than with other types of obligation, so if the majority of your debt load is comprised of credit card debt, you can anticipate good results from the Debt Settlement strategy.


•Do you have additional resources to work with?

Debt Settlement can work very well if you have access to one-time lump sums. Small inheritances, insurance settlements, cash-value life insurance policies, borrowing from friends and family, ebay auctions, and even garage sales are a few of the alternate sources of funding that clients have used in lieu of a monthly payment stream. So even if you can't consistently fund the program on a monthly basis, if you have other resources to work with, Debt Settlement can still help you become debt-free.

As mentioned previously this will depend on different variables. If your debts are delinquent you may be able to save anywhere between 20-50% OFF Your debts. Everyone's financial situation is different and savings will vary. This will dpend on such factors as the amount you owe, who you owe, how delinquent your debt is, who the creditor is, and where your account is at...and these are only to name a few. Don't worry, because we cover all this in our Exclusive "Do-It-Yourself Debt Negotiation Program".
Not only can you save money off the amount you owe, but you will save money off interest and additional fees as well as saving money that you could have ended up paying a company to deal with your debts. "Most Debt Help companies charge thousands in fees to do exactly what you can do on your own!"

There are several important differences between our Exclusive Do-It-Yourself Debt Negotiation Program and competing do-it-yourself debt help related e-books, programs, or guides.

• Although this program covers all the available debt program options quite thoroughly, it focuses on Debt Settlement as the most logical and flexible choice for most consumers seeking to avoid bankruptcy. The course contains information you simply won't find anywhere else.

• The program was created by one of the leading debt negotiation companies and combines over 50 years of experience in working with the credit, collection and debt negotiation industry, so you are really getting solid inside information and perspective.

• Much of the "do-it-yourself" material out there is really intended to solicit new clients for enrollment into a third-party debt company program. In other words, they provide enough information to get you interested in Debt Settlement as a viable approach, but then encourage you to hire a professional firm to handle the negotiations.

• Most importantly, our Exclusive Do-It-Yourself Debt Negotiation Program provides you with unprecedented support and follow up. Tactics and practices are constantly shifting in the debt industry, and every person's situation is unique. From a practical perspective, entering into a do-it-yourself debt settlement program without support from a knowledgeable professional is like representing yourself in court without an attorney by just reading a book. There is simply no substitute for experience. This powerful information packed program provides you with all the essential knowledge and tools you will need to work with your creditors and bill collectors at a minute fraction of what you could pay for useless information or that you would pay to a debt negotiation service.

Definitely! Not only is debt negotiation legal but it is also an honest and ethical way to pay back your debts at a fraction of what you owe.

Your credit score will decline during the program itself. How much it will decline will depend on your original circumstances. Some of the accounts are likely to "charge off," which will reflect negatively on your credit. However, once a debt is settled, the settlement is reported to the credit bureaus. Settled accounts are positive compared to unresolved delinquent debts or bankruptcy. After all the debts have been settled, your credit score should begin to improve since the negative items have been resolved. In addition, your debt-to-income ratio (an important measurement made by potential lenders that is not directly reflected in your credit "score") will greatly improve, since you will be debt-free. There are also several useful techniques for self-repairing your credit later on. Of course, credit is an important thing to have, but obviously your first priority should be to clear up your debts and get back on your feet financially. Any way you look at it, the effects of Debt Settlement on your credit will certainly be less damaging than the 10-year derogatory mark made by bankruptcy.

Banks are required to report canceled debts exceeding $600 to the IRS and you are supposed to report the same as income on your annual tax return. However, the IRS permits you to write off any "income" from canceled debts up to the amount by which you were "insolvent" at the time. So unless you have a positive net worth, which is highly unlikely if you're deep in debt, then you ordinarily won't have to pay taxes on the forgiven amounts. You should consult your own tax advisor for advice specific to your situation. Either way, if you owe tax it will be because you saved money off your debt balances, so you'll still be ahead of the game.

While creditors have the legal right to bring a lawsuit for non-payment of a debt obligation, such lawsuits are far less common than most people think. It costs money to sue someone, and a legal judgment is simply a piece of paper unless there is a way to collect money against it. The threat of litigation, on the other hand, is all too common, even though debt collectors are not supposed to threaten legal action unless they are specifically authorized to bring suit. In general, lawsuits can normally be avoided, provided you are willing to work out suitable arrangements with your creditors through the negotiation process. Contrary to popular belief, most creditors would rather work things out amicably in a negotiated settlement than spend more money taking a customer to court (with no guarantee of being able to collect on a judgment). That's why thousands of litigation-free settlements are transacted every month all across the country. Creditors won't admit it publicly, but this method works much better for them than forcing people into bankruptcy through overly aggressive collection techniques. The worst-case scenario is that a client might be required to pay a debt balance in full in the event of legal action by a creditor. This is little different from the starting situation most clients find themselves in, and again, it is a fairly rare occurrence.

Chances are you won’t be able to use your credit cards, since the banks may be giving up half or more of the money you owe, they will, of course, discontinue your credit privileges. However, many clients keep current on one card with a small credit line for emergency purposes. We have also seen some cases where the creditor may offer a new card once you pay the agreed to amount, so you never know.

Secured debts cannot be reduced via the Debt Settlement approach. This includes home loans, second or third mortgages, equity lines of credit, auto loans, and financing contracts tied to a specific piece of property that may be legally repossessed by the creditor. Federal student loans, although unsecured, must also be excluded. In addition, you should seek professional representation when dealing with Federal and State tax debts.

If a creditor refuses to accept a reasonable settlement offer at the time it is proposed, it is usually simply a matter of waiting for a different phase of the collection process. Some creditors are more inclined to play "hardball" than others, but virtually all of the major institutions eventually sell their accounts to debt purchasers in order to recover what they can on the account. Since the debt purchasers buy these accounts for pennies on the dollar, they are more inclined to accept reasonable settlement offers, which still represent profit on their purchases. Our Exclusive Do-It-Yourself Debt Negotiation Program will teach you how to handle the different phases of the collection process as well as how to work with your creditors or bill collectors representing your creditors to help you time your offers to maximize your chances for success.

Collection phone calls are an inevitable part of the collection process. Any debt firm (other than a bankruptcy attorney) who says they can stop all creditor calls is misleading you about the nature of their service. To begin with, it is a bad idea to refuse ALL telephone communication from your creditors, since this could trigger an aggressive reaction. However, you are entitled to your privacy and peace of mind as you work through your debt problems in good faith with your creditors, and there are several simple techniques for achieving this. Our Exclusive Do-It-Yourself Debt Negotiation Program includes detailed instructions on how to reduce annoying collection calls to an absolute minimum without causing an adverse reaction by your creditors.

If you really don't feel up to the job, then of course you could consider hiring a third-party Debt Settlement company to negotiate on your behalf. We recommend the do-it-yourself approach, however, for several reasons: First, you'll SAVE $1,000s in fees by negotiating your own debts. One chief selling point for professional firms is that their contacts with creditors and collection agencies will result in lower settlement percentages. But after you account for all those fees they charge, you'll still come out ahead by doing it yourself. Second, several of the major credit card banks react to the involvement of a third-party negotiation firm with immediate legal action or hardball tactics. Yet they will still settle directly with the customer. Finally, you can't just place your debt problems in someone else's hands and expect everything to be handled for you. You'll need to be involved anyway, so why not save all those fees and simply do the job yourself? You know the old saying, "If you want something done right, do it yourself." Our Exclusive Do-It-Yourself Debt Negotiation Program will give you all the tools, tactics and inside information that you will need to get the job done right and save a ton of money in the process.

Everyone's Situation is different and bankruptcy may be your best or only option. Out Exclusive Do-It-Yourself Debt Negotiation Program offers you a great alternative to bankruptcy but even oiur program isn't right for everyone. With this in mind we do offer a FREE 10 Minute Consultation to help you determine whether or not this is the best option for you. Simply contact us by calling 763-201-6047 or sending an email to debthelp@nationaldc.com