Best Debt Companys

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Posted By:  |  November 17, 2015  |  0 Comment(s)

It is a widely accepted belief that some of the most well known Universities, including those in the Ivy League sector, are ones guaranteeing a top-notch salary after graduation; however, […]

Posted By:  |  October 5, 2015  |  0 Comment(s)

Roughly 25 years ago policy makers strongly encouraged hopeful youth to take out large loans to cover the rising cost of higher education, making bold statements that these borrowers will […]

Posted By:  |  September 3, 2015  |  0 Comment(s)

BestDebtCompanys.com (BDC) released a new survey about why people choose not to work with debt settlement companies to lower their overall debt. This survey provides a look at the variety […]

Posted By:  |  August 5, 2015  |  0 Comment(s)

The team at BestDebtCompanys.com (BDC) recently released a new survey about the different types of services Tax Relief companies provides. This survey was created to get a better idea of […]

Posted By:  |  July 21, 2015  |  1 Comment(s)

Paying back your debt is not an easy task, let alone trying to understand which debt solution is right for you. Debt resolution companies seem to be everywhere and are […]

Posted By:  |  June 16, 2015  |  0 Comment(s)

When looking for a way out of debt, there are many misconceptions about which type of debt qualifies for relief. It is important to understand the differences between the types […]

Posted By:  |  June 11, 2015  |  0 Comment(s)

With the average national student debt closing in on $1.2 trillion, and the average student owing about $30,000, it’s clear that student debt is a problem that isn’t going away. […]

Posted By:  |  May 21, 2015  |  2 Comment(s)

Debt is a topic not normally discussed casually. It’s an issue people don’t bring up willingly or with ease. It can cause embarrassment and denial even among closest friends and […]

Posted By:  |  April 23, 2015  |  0 Comment(s)

BestDebtCompanys.com released a new survey concerning the amount of debt people accumulate before seeking professional help. This is first survey released this year for BestDebtCompanys.com. The BDC team wanted to […]

Posted By:  |  April 14, 2015  |  0 Comment(s)

Paying off credit card debt is a daunting task, but can be done with the right amount of determination. Here are five simple steps to help pay off credit card […]

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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