Should I Choose Debt Settlement Over Bankruptcy?

Debt Setlement or Bankruptcy

The recent economic depression has pushed millions of people into a deep and dark financial hole. In their quest to get out of debt, people often resort to debt relief programs. Debt settlement and bankruptcy are two of the more popular programs, but people often get confused when it comes to choosing between the two. [...]

Lump Sum Debt Settlement Letter Sample

sample debt settlement offer letter lump sum

During the debt settlement negotiation process, a letter requesting a lump sum settlement may be one of the best ways to successfully land a settlement on your credit card debt. Most credit card companies are more willing to accept a lump sum because they know that they’ll get paid at least some of the principle [...]

TASC Supports FTC Ruling

U.S. Federal Trade Commission

Who are TASC and the FTC? At first glance The Association of Settlement Companies (TASC) and the Federal Trade Commission (FTC) might seem to be natural opponents but this does not have to be the case. TASC is a body that represents the interests of all its member settlement companies but it also strives to [...]

Debt Settlement Sample Letters

debt settlement sample letters

Despite some bad press and some predatory companies that take advantage of people who are in debt, consumers everywhere are settling their credit card debt on past due accounts with virtually every credit card company in the industry. Below is a list of some sample debt settlement letters that represent negotiated settlements on overdue credit [...]

Chase Sample Debt Settlement Offer Letter

chase debt settlement letter

Chase is a huge financial corporation and has a history of offering settlements to individual cardholders who can’t meet minimum payments or find themselves past due on their credit card bill. Chase (through their Cardmember Service division) usually will offer a settlement and then create a installment plan for past-due accounts like in the sample [...]

Capital One Sample Debt Settlement Letter

capital one debt settlement sample letter

Capital One is probably best known these days for their goofy TV commercials, but they have also been known to give their cardholders a break in the form a settlement on their overdue credit card bills.  Granted, you need to be able to demonstrate a legitimate financial hardship in order to negotiate a settlement with [...]

Top Recommended Debt Settlement Companies

Reputable Debt Settlement Company

In the last 2 years or so, there’s been a flurry of new debt settlement companies appearing, claiming to be able to lower or eliminate your debt and get you on an “affordable” monthly payment.  There’s no possible way that every one of these companies are legitimate and at the very least some of them [...]

BBB Issues Warning About Debt Settlement Companies

warning

The debt settlement industry has been in the media quite a bit in recent years. Rising in popularity as a result of the recession, the number of companies offering debt settlement programs has grown exponentially. With more and more people waging a daily battle to pay down debt with little to no available resources, many [...]

New Era Debt Solutions Review

New Era Debt Solutions

New Era Debt Solutions is a debt settlement company for individuals who wish to avoid filing personal bankruptcy by negotiating a mutually agreeable settlement on your unsecured debts. As most other debt settlement programs New Era Debt Settlement Program is designed to get you out of debt in less time than debt consolidation or credit [...]

Forgiven Debt and Taxes

1099c

Debt settlement has become a popular if not controversial debt elimination strategy. The supporters of this type of debt relief claim it is the best way to truly eliminate 50% or more of your current debt. This could be the case if you meet very specific qualifications such as a true financial hardship that results [...]