Best Debt Companys

162 Companies 4,141 Real Customer Reviews

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Posted By:  |  December 23, 2014

Author: Anthony Manganiello Creator: www.DebtFreeAcademy.com It’s always smart to control your spending, especially during the holiday season. If you or others in your family are facing difficult times financially, perhaps […]

Posted By:  |  September 23, 2014

Author: Anthony Manganiello Author of The Debt-FREE Millionaire and creator of www.DebtFreeAcademy.com The debt settlement process – on average – can take about 36 months. But, what happens during that […]

Posted By:  |  September 18, 2014

By: Anthony Manganiello Creator of www.DebtFreeAcademy.com *Some of this will vary, depending on the company you are working with. If you’re considering a debt-relief service because your credit card debt is […]

Posted By:  |  July 22, 2014

Author: Anthony Manganiello Author of The Debt-FREE Millionaire and creator of www.DebtFreeAcademy.com In previous posts and videos, I’ve outlined the importance of the settlement letter, and why they’re critical to […]

Posted By:  |  July 7, 2014

Author: Anthony Manganiello Author of The Debt-FREE Millionaire and creator of www.DebtFreeAcademy.com Debt management programs typically involve establishing a new arrangement between you and your creditors, which usually results the […]

Posted By:  |  June 20, 2014

Author: Anthony Manganiello Author of The Debt-FREE Millionaire and creator of www.DebtFreeAcademy.com If you’ve hired a debt settlement company to negotiate lower balances with your creditors, there are typically two different types of settlements […]

Posted By:  |  June 12, 2014

Author: Anthony Manganiello Author of The Debt-FREE Millionaire and creator of www.DebtFreeAcademy.com When you’re on a debt-relief program, one of the matters you may be concerned about is your credit. Credit is an […]

Posted By:  |  June 9, 2014

Author: Anthony Manganiello Author of The Debt-FREE Millionaire and creator of www.DebtFreeAcademy.com In my experience, most people start looking for debt relief when they experience a rise in blood pressure […]

Posted By:  |  June 2, 2014

Author: Anthony Manganiello Author of The Debt-FREE Millionaire and creator of www.DebtFreeAcademy.com If you’ve hired a debt settlement company to negotiate lower balances on your accounts, then you may be […]

Posted By:  |  April 14, 2014

Author: Anthony Manganiello Author of The Debt-FREE Millionaire and creator of www.DebtFreeAcademy.com Debt management… debt settlement… what’s the difference anyway? I mean, they both help you get rid of debt […]

Poll

  • How important is it to you for a debt consolidation company to offer financial education resources?
  • Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
  • Negotiates with your creditors on your behalf.
  • Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
  • Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
  • Combines all your debts and creditors into one monthly payment.
  • Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
  • You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
  • Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
  • Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
  • Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
  • Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
  • Borrowers can receive funds from their loan within only a few days.

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