US Debt Resolve

[Mike]

In our Debt Settlement Program we negotiate with your creditors to settle your debt for amounts significantly less than you owe; typically for 50-75% of your outstanding balances, saving you money on debt principal and interest which provides you the opportunity to pay-off your debt faster.

Debt consolidation is merely converting the total of all your debts into a single debt that represents the total of them all, which you must still pay off. Moreover, what often happens is that once the credit cards are paid off via a consolidation loan, there is available credit to the consumer and the temptation to use the credit cards again is too much. Many people end up with double the amount of debt they began with! Even worse, many debt consolidations are secured by the borrower's home which turns the unsecured debt into a secured debt.

Consumer Credit Counseling Agencies claim to be non-profit agencies that for an 8-15% fee paid by the creditor can lengthen the term of your debt and reduce some of your interest. Your outstanding debt principal is not reduced and you may be charged additional fees by the CCC agency. This approach is typically a longer-term approach to debt resolution, compared to debt settlement.