Debt Settlement is Debt Negotiation
Do you find the numerous terms applied to debt relief confusing? Perhaps you are under the impression that debt settlement and debt management are the same? Maybe you believe that debt negotiation is somehow different than the other two? Not only can it be aggravating to find various terms about your debt relief solutions, but being in debt is troubling. You often feel out of control and irritable. You might have trouble sleeping. You may have trouble focusing on your work or personal life because you know that debts loom overhead. Why add to your aggravation? You do not need to because you can find the answers you seek here, as well as find 22 reviews of debt settlement companies to help you get out of debt in a timely manner.
First, debt settlement uses negotiation. It is not an alternative phrase for negotiation. It is also not debt management. Management implies you are managing your money including managing your debts. For those who seek management, it is a way to confirm they have their debts under control and wish to maintain that control. Someone like Warren Buffet will use debt management as a way to keep track of what he owes, as well as what is coming in. You can think of management as the proactive step to ensuring you do not need debt settlement, consolidation, or relief.
Debt settlement is then a solution to your debt problems when you are getting closer and closer to your debts becoming a burden. You cannot seek settlement unless you have savings. Creditors want to know they are going to get some of the money you owe. In this fashion they are more likely to negotiate with you for a lower sum than you owe rather than not see any money at all. The trick is to have money you can make a lump sum payment with. Due to the need to have savings it means debt settlement is not for everyone. Rather it is for those who are proactive about their money troubles. You need to seek relief, but you have not gone down the rabbit hole of no return yet.
You do not need to put your money into one loan or end up with bankruptcy as the final solution because you have options. With debt settlement your negotiator will call your creditors with a number in mind. This number is based on the amount you owe and the savings you have. The idea is to use all of your savings to pay off the numerous debts you have, wiping the slate clean. If creditors agree to debt settlement they cannot request that you pay any more funds after the lump sum is paid. They cannot hound you with credit calls. They have agreed to the amount you can pay and forgive the rest of your debt.
Your negotiator is going to try getting the smallest sum the creditor will take to forgive the debts. They will also need to keep a bit of the money for their services. It means that you pay a sum to the debt settlement company upfront and what is left over is then used to satisfy other debts.
Since there are hundreds of companies promising debt settlement services it can be hard to choose the right company for you. This is where I come in because I have reviewed numerous companies and get requests to review hundreds more. I only give you reviews of companies I trust, have vetted, and would use myself so that you can trust in these solutions.
National Debt Relief for Debt Settlement
Every company that proposes debt relief has something special about them, but some companies tend to have even more going for them than others. National Debt Relief is one of these companies with numerous awards, BBB accreditation and AFCC rankings too. National Debt Relief offers debt settlement and other relief solutions to U.S. and Canadian citizens. It is a company founded in 2002 serving the greater USA. Only a few states do not have National Debt Relief for an answer to debt settlement.
In order to recommend this company to you as a money relief solution I spoke with staff members. I spent time at the company. I checked them out against a list of attributes I drew up and this leaves me highly confident in my recommendation to you. The staff members cared greatly about their customers and endeavored to steer them towards solutions that would work the best. Debt relief has to be about the best solution for you versus what you think is best and I believe National Debt Relief makes this clear.
Freedom Debt Relief #2 for Debt Settlement
Freedom Debt Relief ranks number two for debt settlement. It is company having been established in 2002. It is no less of a company than National Debt Relief; however, I have decided to rank it as number two since they offer management, negotiation, and counselors. This company is also about solving your entire money issue such as overspending, yet I find for debt settlement I prefer National Debt Relief just a little more.
National Debt Relief spends a bit more time helping, while Freedom Debt Relief has become a great resource for online information. It is just a matter of different approach. In no way is one better than the other in terms of what they offer. It is just preference and that only one company can be in the top spot. If you want to find how you got into debt then Freedom Debt Relief is the company for you. They take you back to the beginning, getting to the root of your spending issues and ensure that you can stay debt free throughout the rest of your life rather than having to keep looking for debt relief because of the same or similar mistakes. Here you get an all around education to debt settlement. They have helped with thousands of other clients to provide Tax Debt Relief.
Debt Settlement with ZipDebt
ZipDebt like the other two companies has a similar reputation and accreditations. Your financial needs like debt settlement can be taken care of through this company. They will work closely with your creditors to negotiate the terms of your settlement. Additionally, they offer other services in case debt settlement is not right for you. Like most companies this one appeared on the scene around the same time as the other two recommendations provided here.
You have a company that is well rounded in what they have to offer and ensure that you will be able to find relief from your money situation. Staff members at ZipDebt will look at your financial burdens, assess the situation and give you their recommendation. They will be honest about the solution that is right for you like debt settlement. Here you can trust that staff members have your best interests at heart, but also look objectively at your situation.
As mentioned above settlement is not for everyone. It requires you to have savings or the ability to gain some savings to make lump sum payments. Since it is not a solution for every person in debt, ZipDebt makes certain to find what is right for you.