Author: Bill Loughborough

Many consumers receive results from debt settlement companies. According to The Association of Settlement Companies (TASC), consumers seeking to manage their debt have higher success rates when using credible debt settlement companies rather than credit counseling services. TASC, the non-profit watchdog organization for self-regulating the debt-settlement industry, gathered the information from various sources, including the Consumer Federation of America and National Consumer Law Center, the Executive Office for the U.S. Trustees and testimony by credit counseling companies.
 
With both shorter program durations and lower budgeted monthly payments, debt settlement programs frequently see higher success rates and fewer dropout rates. Other differences between credit counseling and debt settlement are:

1. Debt settlement companies do not receive any fees, contributions or other forms of compensation from any entities other than the debtor client. Meanwhile, credit counseling companies get money each month from their customers, plus they receive "contributions" from credit card companies and "fair shares" from banks.

2. Debt settlement programs are typically 36 months or fewer. Credit counseling programs are usually 60 months or more.

3. For consumers that complete programs, the total cost of a debt settlement program is usually about half the cost of a debt management program offered by a credit counseling company.

4. Debt settlement programs achieve individualized and customized results depending on a consumer's circumstances and needs. Credit counseling payment plans are fixed payments over a length of time. 

You need an honest means of dealing with your debt problems efficiently. Debt settlement involves a personalized budgeting plan that will effectively enable a debt settlement negotiator to reach a compromise with creditors that actually settles the debt for less than the full amount. At Credit Answers we are here to help you. At any time you can pick up the phone and call 800-297-6417 and speak with your personalized debt settlement coach to answer your questions

Bill Loughborough is Founder and President of Credit Answers, one of the best debt settlement companies in America. Credit Answers specializes in debt management , credit card debt settlement , debt negotiation and avoiding bankruptcy. Credit Answers team of experts work to enable a new and fresh financial start for individuals with debt problems. We realize the importance of money in people's lives and also the accompanied strain that debt can cause. Our team has helped thousands of clients across the nation. Bill started Credit Answers in 2006 and has built it into one of the leading debt settlement / debt relief companies in the U.S. At Credit Answers we encourage our customers to Live Better Debt Free.For More information please visit: www.creditanswers.com

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