Five Reasons why you should enroll In a Debt Settlement program

Five Reasons why you should enroll In a Debt Settlement program

Today’s economic environment has placed financial strains on families and individuals that has not been experienced since the Great Depression. These burdens came on rapidly as our countries economic health deteriorated overnight, due to the greed of Wall Street and the incompetence of our Government. Our law makers, in their attempt to appease and reward corporations and special interest groups that help put them into office, encouraged wall streets reckless behavior. These politicians, I will not mention names, encouraged, even legislated the lessening of lending standards that created the sub-prime boom, which eventually collapsed, setting off a string of economic events that has put us where we are today.

Hard working people, who played by the rules, worked every day and paid their taxes, now find themselves in a place where they are finding it difficult to meet their monthly obligations, at no fault of their own. They may have had a spouse laid off from their job, their hours cut, or if they own their own business, suffering a down turn in productivity, resulting in their income to go down.

Making a decision to enroll in a debt settlement program is not something that should be entered into lightly. It is a major financial move that should be made from a rational well informed position and never made solely on an emotional level. I am proposing FIVE REASONS WHY YOU SHOULD ENROLL IN A DEBT SETTLEMENT PROGRAM. This assumption is based on the fact that you do not see your current situation turning around quickly.

1) YOU ARE STRUGGLING TO MEET THE MONTHLY MINIMUM PAYMENTS ON YOUR CREDIT CARDS. If you are making just the minimum payments each month, you have to realize that the majority of that payment is going to interest. If you continue on this path you can expect to be paying on those cards for the next twenty years, assuming you stop charging on the accounts.

2) YOU ARE MAXED OUT ON YOUR CREDIT CARDS. If you are maxed out on your credit lines, you may find yourself in the position just addressed, plus you will see your interest rates rise to exorbitant levels because you have now become an additional risk to the credit card company. In addition, as you max out each card you will see you credit score begin to drop. Again you have become a credit risk and your score will reflect that.

3) YOU ARE OCCASIONALLY MISSING PAYMENTS. If you are missing payments, your credit score will drop significantly and will greatly affect your credit standing. At this point you are just spinning your wheels, regarding your ability to pay down the debt.

4) YOU ARE CONSIDERING ENROLLING IN A HARDSHIP PROGRAM WITH YOUR CREDIT CARD COMPANIES. If you anticipate a quick turn around in your financial status, this may be a viable option. If this is not the case, all you are doing is delaying your debt obligations, at the end of the program, you will have not made any progress in reducing your debt, in fact it will have more then likely increased, and you will again start making payment s on debts that will take you twenty years to pay off.

5) YOU HAVE NOT PAID ON THE ACCOUNTS AND THEY ARE IN COLLECTIONS. At this point the stress is beyond comprehension, it is causing strains in you household, you do not sleep at night; as a matter of fact the thoughts of your debts never leave your mind. You can ignore the debts, enduring the collection agency calls, and potential lawsuits, but this will continue for the next 7-8 years, until they drop off your credit report. If you are sued, you may face wage garnishment. All the while, you will never be able to open up any kind of credit account, buy a car or home.

Fortunately, there are options available to people who find themselves in the situations described above. Debt Settlement is a method where the consumer enrolls with a credible company to negotiate their debts, reducing them by 40 to 60%. The enrollment programs range from 12-40 months. Upon completion of the program the consumer will have settled all their account and be debt free. The most reliable method of debt settlement is utilizing a company that is attorney reviewed and supervised; they offer the optimum protection to the consumer. To learn more about this method of debt settlement please click on this link www.certifiedfinancialsolutions.com or email ssmith@certifiedfinancialsolutions.com for more information.

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