![](https://www.rgrmarketing.com/wp-content/uploads/2017/05/shutterstock_366953114.jpg)
Helping Clients Get Their Credit Together With Debt Settlement
Debt settlement is a relatively simple debt repayment strategy that involves negotiating the terms of existing debts for consumers that are in over their heads. The process can allow for your clients to reduce their overall credit balances, their payments, and even their interest rates on existing debts. It is an excellent alternative to bankruptcy, when executed correctly, but there is a tremendous amount of disinformation out there regarding this tried and true strategy.
Debt resettlement is often maligned by government agencies weary of debt settlement scams and companies claiming to offer what they cannot deliver to their clients. Some creditors have also contributed to the poor reputation that debt settlement enjoys in some circles, as the process can work against their interests in some cases. However, when executed correctly, debt settlement can benefit both the debtor and their creditors.
Help Them Free Up Their Finances, Their Mailbox, and Their Phone
One of the most tangible early benefits of debt settlement is that it allows your clients to free up some of their monthly income. Rather than paying fees and charges on debts while making the minimum payment against principle, debt settlement renegotiates fees, may erase penalties, and generally drives down the principal owed, thereby freeing up monthly income to be used for necessities or debt pay-down strategies.
Additionally, debt settlement puts an end to the constant harassment that some consumers are subjected to by their creditors.
Help Your Clients Get Out of Debt Faster
Debt settlement, when executed correctly, can also help your clients get out of debt faster. Because of this, their debt-to-income ratio is returned to normalcy, and in some cases, the process even allows for them to refinance or obtain new financing on a home, car, or other secured debt purchase.
It also allows for your clients to get out of debt faster as the terms of debt settlement typically revolve around reducing fees and interest rates that seem almost designed to keep consumers in a perpetual cycle of indebtedness.
Help Them Avoid Bankruptcy, Foreclosure, and Repossession
Lastly, and perhaps most important of all the reasons that debt settlement is a viable option for some clients, is that it helps them to avoid the big three credit situations that can make obtaining financing problematic for years to come.
Though debt settlement will remain on their credit record for as many as seven years, it does not carry the same penalty to their credit rating that repossession, foreclosure, or bankruptcy does.
The Good, Better, and Best of Debt Settlement
Freeing up their income, allowing them to get out of debt faster, and avoiding the credit problems associated with past bankruptcy, foreclosure, or repossession – all of these are great benefits of debt settlement. When handled correctly, it can be a fantastic tool for some clients to get their credit, and lives, back on track.
Start making more
money today!
Search Categories
Tags
Tag Cloud
Latest from Twitter
Contact Us
Call us at 310-540-8900 or fill out the form below and we’ll tell you how you can get high quality leads for free*.
* Get up to 10% free leads on your first order!