Tuesday, August 16, 2011

Debt Relief Programs; What is the best method ... - Faith and Finance

www.youricw.com ?Are you thinking about using a debt relief program, but not sure how to find a company that is reputable, honest, trustworthy, will save you money and won?t rip you off?? We have complied some helpful information for you here, with a link to a comparison and review of three companies that provide debt relief programs.

Debt Consolidation Alternative, Debt Free League Says: Less In Debt Visit ?
According to Debt Free League, a San Diego debt relief company that provides a debt consolidation alternative, fewer in debt are opting for bankruptcy court, and more are suing debt collection agencies. The company's debt program is also educating ?
Read more on PR Web (press release)

Question by boxbeatle: What is the best method for consumer credit card debt relief?
We started a program with ?Consumer Credit Counselors? This progarm has us pay the Consumer Credit Counselors, then they pay the credit cards every month. All they do is lower some of the interest rates. They don?t negotiate amount owed. The payments are too high for us, so we looked into other alternatives. We found one company that will do it differently for less. They have you pay into an escrow account, and they pay off each credit card individually. They say they negotiate lower balances and interest rates. The payment would be lower and the payoff time cut in half. Does anyone know of any reason we shouldn?t do this? Are there any other better ways? WHAT IS THE BEST WAY TO GET CONSUMER DEBT RELIEF with no loans?

Best answer:

Answer by mustlovemovies101
Ask them if it will affect your credit rating also. I know a couple who did it and they paid off their bills in about 3 years. Oh, and find out if they are a non profit agency. If so, you may be able to write off what you pay them to do this from your taxes.

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Source: http://cordei.com/2011/08/15/debt-relief-programs-what-is-the-best-method-for-consumer-credit-card-debt-relief/

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