Debt Settlement or Debt Negotiation
You won't hear about it
in the mainstream financial press, but there is an
honest and effective alternative to all of the above
debt reduction options. It's called "Debt Settlement" or
"Debt Negotiation," and it's really nothing more than
good old-fashioned haggling.
While Debt Settlement
is not perfectly suited to everyone with a debt problem,
those seeking a viable alternative to bankruptcy to
bankruptcy will discover that Debt Settlement is a great
solution to problem debt.
Unlike Debt Consolidation or
Credit Counseling, where you pay back the full balance
on your debts, with Debt Settlement, you only pay back a
portion of the balance, usually 50% or less.
happens to the rest?
The creditor forgives the balance
in a transaction called a "settlement." In other words,
through the process of negotiation, our professional
staff at Liberty Financial are able to reduce the total
amount of money that you owe (called the "principal")
and not just the interest rates as with other programs.
This makes a huge difference in how quickly you can
become debt-free. Instead of 5-9 years as with Credit
Counseling, with Liberty Financial Debt Settlement
Program, you can be debt-free in 3 years or less,
depending on the pace at which you fund the program.
Also, you'll save thousands of dollars through
Debt Settlement versus other programs.
Here are some of the
major advantages of Debt
Provides an ethical and honorable alternative to
Allows the client to maintain privacy over their
financial affairs (unlike bankruptcy, where
everything becomes a matter of public record).
the client take charge of the program and control
their own destiny (unlike bankruptcy, where the
courts decide everything).
Program duration of only 2-3 years versus 5-9 years
or more for Debt Consolidation or Credit Counseling.
Requires the lowest total payout versus Debt
Consolidation or Credit Counseling.
Provides the most flexibility of any program in
terms of monthly budgeting.
The tremendous savings
obtained by Debt Settlement versus other methods is
certainly an attractive benefit, but the built-in
flexibility of this approach is also
critical for many consumers who struggle with monthly
If you're like most
folks, your expenses differ from one month to the next.
With a Debt Consolidation loan, a Credit Counseling
program, or a Chapter 13 Bankruptcy, if you miss a
payment the whole program can go haywire.
With the Debt
Settlement approach, if it's necessary for you to skip a
month, the only thing that will happen is that the
program may take a little longer to complete. You can
also "make it up" down the road by funding over and
above your basic level. You can even add lump sums from
time to time to speed up the process. No other program
provides this kind of real-world flexibility. That's why
Debt Settlement is quickly growing in popularity among
consumers seeking to eliminate credit card debt and
other types of unsecured debt. That's the main
reason for the increase in debt settlement companies.
The desire to help others navigate through the
treacherous waters of debt settlement and debt
Not all third-party debt
settlement providers are the same. You can check with
the Better Business Bureau if you are concerned about
any debt settlement companies business's reputation,
including ours. Some debt settlers have given the
industry a bad reputation. If you check with the BBB,
you'll find that we are one of the top in the
business--with a clean record.
Some people have attempted
to settle their debts themselves. They may even find
success, and talk their creditors into accepting a
smaller amount than the sum total of their debts.
However, simply attaining a settlement isn't enough. You
want to obtain the best settlement possible that reduces
your debts as much as the creditors will allow. This
isn't something you're likely to be able to do on your
DOING IT YOURSELF
Novice debtors looking for debt settlement might take
the first offer--after all, a novice may not know a good
deal from an average or a bad deal. When pressed, a
creditor's customer service representatives are
instructed to shave a couple thousand dollars off the
top. This usually satisfies a debtor. Even trying to
haggle after this point can be fruitless.
Quite frankly, many creditors don't take debtors
seriously. The reason is because the creditor is in the
driver's seat. The creditor knows that a debtor has
fallen on difficult times and will take any offer that
reduces their debt, even if the offer is pretty much
insignificant. With the new 2005 bankruptcy laws taking
effect, a debtor will have less leverage by threatening
to declare bankruptcy.
So what's the solution?
Working with a professional
debt settlement agency like Liberty Financial Management
can really make a creditor take notice and offer a
During your FREE,
no-obligation consultation, we'll analyze your situation
and help you determine the best approach for your
Remember the real
reason we are here, despite what others may say or think
is that we
are here to help you settle your debt and rescue you
from the pressures and hassles of debt!
YOUR RESCUE TEAM TODAY!
Fill out the form to your right to get your rescue team