The risks of debt settlement 

• Your creditor may not settle.

There is no guarantee that your creditor will agree to a settlement. Some companies refuse to negotiate with debt settlement companies at all. Creditors are not obligated to accept settlement offers. 

• You could end up with more debt.

Of course, you need to pay the third party company you are working with, besides your debt. But debt settlement companies cannot collect fees unless they have settled, you agreed with the settlement, and you have made one payment to the creditor as the result of the agreed settlement value. 

Work with a debt settlement company that offers low service fees like Major Debt Negotiators. 

• It affects your credit score. 

Debt settlement programs can take a hit on your credit score. If you stopped making payments on your debts while saving up money for the debt settlement program, the missed payments could wind up as delinquent accounts on your credit reports. Wait for the agreement of the creditors before terminating payments. 

The benefits of debt settlement

• It lowers your debt amount. 

The major benefit of a debt settlement program is that it lowers your debt amount. 

For example, if you owe $50,00, the debt settlement company will negotiate and lower the value through a lump sum payment. 

• It helps you avoid bankruptcy. 

If you want to avoid bankruptcy, communicate with your creditors through debt settlement companies. Filing for bankruptcy can have a devastating effect on your credit score and it can reflect for up to 10 years. 

You can express your willingness to pay off your debts by lowering down the monthly payments, interest rate, or even both. 

• It gets collectors off your back. 

If you find yourself receiving endless debt collection calls or even in-person surprising meetings, debt settlement programs get collectors off your back. Now, you can sleep soundly without worrying whether a collector is coming to get you again. 

• Pay your debt faster! 

The average time frame for a debt settlement program is between two to three years. With this period, you can pay your debt faster at a reduced amount! Your way to financial freedom is one step closer. 

Live a debt-free life! 

Debt settlement could be a solution for people who feel helpless about their financial condition but don't want to declare bankruptcy. This is a route out of problems if you can gather together enough money quickly enough to make an excellent lump-sum offer to your creditor.

Live a debt-free life now! 

Major Debt Negotiators provide financial relief and credit assessment for Americans bound by bankruptcy. We offer debt settlement services to help you achieve financial independence. Live a debt-free life now! Give us a call at 877-350-2062 for a free consultation. You may also visit our website at www.majordebt.com. We are located at P.O Box 297633 Pembroke Pines, Florida, 33029.