A lot of people don't understand the debt settlement process and they are afraid to opt for the option thinking it may be some kind of fraud that's too good to be true.
The thing is that debt settlement is as real as me and you and it can save you from a future of debt.
You will probably be puzzled about the fact that usually the credit card companies might settle the credit card debt for less.
This seems very unreal especially when we know how credit card companies treat their clients and they would never help them when they are in a lot of debt and cannot repay it.
But for some reason, when it comes to debt settlement, the credit card companies offer to deduct a great amount of your sum, even 60% in some cases.
The reason for this is because the government covers for the money they don't get from you, so it is not because the credit card company wants to help you in any way.
Also, it is way better than having you file for bankruptcy because you really cannot repay anything from your debt and they don't want to risk getting nothing from you.
There's no chance you will be refused by the credit card company with a negotiation if you tell them you have no other option than bankruptcy and debt settlement.
But although they give you a reduction, you might not be satisfied with any reduction and you will want to have more.
This depends on your company's experience and how good their negotiations are.
Of course, the company is supposed to be good at negotiations but if you are dealing with a person with little experience it might not help you at all.
Make sure the company is well known and its staff is well trained and will assure a good deduction from your debt.
It is very important to pick the best company for the debt settlement process because we need to improve your financial situation which is a very serious matter.
Hiring a novice company may lead to more debt and although you get some deduction, you might not be able to pay it.