Credit Solutions of America Review
Best Ways to Settle Credit Card Debt FAST:
1. Hire The Best Debt Settlement Company
2. Do It Yourself Debt Negotiation Elimination
As we start a new year, one common resolution people make is to get better control over their finances. And this year is no different, you want to get out of debt.So you research ways to get out of debt and reduce what you owe. Each ad you read or company you talk to says they are the best way for you to get out of debt and you should go with them.
Most debt settlement companies make big promises about what they can do for your debt.One debt settlement company that has been around for over 5 years is called Credit Solutions. In this article you will find a review of Credit Solutions, one of the largest debt settlement companies in the US.
Credit Solutions will work with your credit card companies and negotiate down your credit card debt. They aim to achieve a debt reduction of up to 60%. Can you imagine getting your credit card balance reduced by 60%? Talk about a half off sale.
But it doesn’t always work out that easy. You see, your creditors have to be willing to negotiate with Credit Solutions for you to have any chance of getting your debts reduced. If your creditors do not agree with what Credit Solutions wants then they cannot do anything for you.
And keep in mind that Credit Solutions cannot do anything that you cannot do yourself.Even though they may claim they know secrets about getting the best settlements. All debt settlement companies will claim this. They want to earn 15% of your debt as their fee to negotiate for you.
Do your research before you decide to sign with any debt settlement company promising to slash your credit card bills in half. There are ways to get out of debt, debt settlement is one of them.Debt settlement is just one step away from bankruptcy. So it will have a negative effect on your credit score.
February 17th, 2009 at 10:43 pm
Credit Solutions is not a company I would recommend anyone go with. A quick internet search will lead to numerous complaints about them. After paying them nearly 5,000 to help us “negotiate” with our creditors, we fired them. Through our own efforts we discovered they had lied to us on numerous occasions and failed to contact us when one of our creditors had notified them we were about to be taken to court. I actually did all the work myself in the end, but was out 5 grand.