Another year has come and gone and you still have the credit card debt, it’s time to settle it and get out of it. You can start reducing your debts drastically when you settle it and get it reduced by 40-60% all at once.So you start looking for ways to reduce your debt. And for every company you talk to, each one will claim they offer the best service and results.

A lot of debt companies make big claims.  One 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 Review:

Credit Solutions will work with your credit card companies and negotiate down your credit card debt.Through Credit Solutions debt settlement service, they work to get your credit card debt reduced as much as possible.How many fewer fights would you have if your debts were cut in half through debt negotiation? Talk about a half off sale.

But you may have to wait a few months before you get the right settlement offer.You have to understand that your results will vary based on what your creditors are willing to do for you. If your credit card companies are unwilling to negotiate your debts, Credit Solutions com is limited on what they can do for you.

And keep in mind that no debt negotiation company cannot do anything that you cannot do yourself.Even though they may claim they know secrets about getting the best settlements.Almost every debt negotiation company will clain their service is the best.  They want to earn 15% of your debt as their fee to negotiate for you.

Do your due diligence before you sign with any debt settlement company even for a company like Credit Solutions, the largest debt settlement company. There are several ways to pay off your debts, make more money, increase your monthly payments, you can also negotiate and settle your debts.Debt settlement is the final step before you file bankruptcy.So yes, using debt settlement for your bills will lower your FICO score.

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Debt Settlement is becoming one of the best systems for consumers to reach debt freedom recently, how come? One of the key reasons so many consumers are turning to debt settlement as a means to get out of debt is due to the hard economic predicament we are currently going through here in the USA. More consumers need to save income on a monthly basis and really can’t meet the expense of having such big amounts of high interest credit card debt. Being stuck in credit card debt is something that can seriously weigh down on Americans monthly finances, and debt settlement happens to be one of the most economic ways for consumers to get out of debt quickly and save money.

So what are the key advantages of a debt settlement program? They are actually twofold, first you can save quite a sizable sum of income on how much high interest credit card debt you currently owe your creditors; next you will get out of debt very fast saving yourself years of time sprinting on the credit card debt treadmill.

The reason you accumulate so much money is because what you are doing with debt settlement is saving income on the side each month, often times in a specialized account with a debt settlement company that the creditors can’t reach. While at the same time you are no longer putting money towards making your monthly minimum payments to the creditors. By not paying the creditors each month you are putting them into a position where they must settle the account to make money. Then you will make a one time settlement for much lower than what the balance is; thus saving a substantial sum of money on what was owed.

Now this is where the savings of time comes into play. With debt settlement it normally should take no more than two years to complete this method with all of your creditors. So in essence you will be debt free within a couple of years. Now if you were going to make the monthly minimum payment each month this avenue could end up taking you more than forty years. So the savings of years is quite sizable.

Finally the last and most overlooked gain of a credit card debt settlement program is that you will be significantly reducing the amount of distress you will have. The moment you are out of debt you will realize a big increase in your finances each month which lowers quite a bit of stress.

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Truly, there are times when unfortunate financial situations can surface in the middle of the repayment period, and though we would want to repay in full as soon as possible, there are not much resources to get from. Some lenders will understand this situation, while some will not. Some lenders will keep on calling you day by day and remind you of your debts while some will simply sue you in court without warning. In these times, you are most likely left at the brink of struggle to clear your debts.

If you are left with little choices, and the situation is at is worst, there are only two options, file for bankruptcy or settle your debts with your creditor.

Filing For Bankruptcy

For many anxious debtors, this can be the foremost option that they consider at the height of stressing debt collector calls every single day. They file for bankruptcy to get rid of all that, and simply shy away with a damaged credit reputation and a disheartened disposition. Though this can be relieving for a while, you must also consider the long term effects of it. A declaration of bankruptcy can do more damage to your credit report more than you think. This, of course, discounts the possibilities of getting a good loan deal in the future, or getting a loan, at all.

Settling your debts Through Debt Negotiation

This is another option which you can consider. You can hire a debt settlement company to negotiate with your creditors for a reduced repayment amount and better yet, you don’t have to file for bankruptcy. With debt settlement, you also have the option to pay gradually whatever you owe them. This is if the lenders come into agreement with your presented resolution. If you plan to hire a debt negotiation company, you can be rest assured that you can pay in installment until you pay them in full.

These are the last options that you can think about right now, and since you have little left choices with your stern lenders, you might as well weigh these options and decide soon.

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“Just imagine it… no more bills… no more annoying phone calls… no more pressure. Hi my name is Scott Stephen — and I’ve been in your shoes.  No — I’m not an attorney.  No — I’m not a debt consolidation service.  And, no — I’m not some high priced financial advisor”

“I’m just an ordinary guy.  The only difference between you and me is I figured out how to ‘beat the system’… I got the creditors off my back, and got rid of my debt for good without filing bankruptcy and now I’m back on my feet.  If you want to get back on your feet too …”

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Although you are quite admitting to the fact that this affair is because of you, verbal harassment is not such a great thing. Sometimes, these debt collector scenarios can bother you so much that you just hang up the phone, have your line changed or hide ultimately. This is not only because they can be insulting, but also for the reason that you have run out of alibis to tell them, and you know they’re not buying it anymore.

First of all, you still have to face them because no matter how you hide from them, they will find ways to find you. Or worse, the lenders can just sue you for not responding to their demands. To prevent this from happening before long, you can just face your creditors and tell them your situation at hand. This way, they will know that you do not have any intention to be out of sight. However, in terms of handling the debt collectors that keep on calling you, you might as well learn to deal with them without losing your grace, and with a ready smile. Here are some ways:

1.    Always greet them with a nice “Hello!” No matter how rude they respond to you.

2.    Before they speak, tell them that you already know what they’re calling about.

3.    If you’re making alibis for them, make sure they’re credible alibis. Don’t tell them things like, “My dog has colds, I used my money to have him treated.” You see, they do have that sense of smell for some excuses.

4.    Be always cheerful and kind, even when they are boiling your blood out. Most of them like to make people stutter with fear or shrink with shame. Don’t do that favor for them. Instead, be very calm and nice in talking with them.

Debt collectors are just doing their jobs, although the not-so-nice ones can go a little overboard sometimes. For your peace of mind, you may also consider hiring a lawyer or a debt settlement company to stop receiving calls from these debt collectors, and have them directly transacting to your lenders. This does not only save you from the stress of hearing the phone ring. It may also help you clear out all your debts in the first place.  Find out more on how to settle debt

You may also be able to sue a rude debt collector if they do not follow the Fair Debt Collection Practices Act in small claims court for $1000 per violation.