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Legally Settle Credit Card Debt – How New Laws Make It Easier To Negotiate And Eliminate Unsecured Debt


Getting out of credit card debt via a debt settlement process has just gotten easier for consumers and small businesses thanks to new laws passed by the FTC. Now consumers who enter a debt settlement program can be guaranteed that they won’t have to pay any upfront fees until their debts are actually settled. Making the debt settlement industry a performance based service will make it much less risky for consumers to negotiate and eliminate unsecured debt.

Creditors of unsecured debt such as credit card companies understand that if consumers were to file bankruptcy they would likely receive none of their money back. Considering the massive amount of people currently on the brink of bankruptcy, credit of unsecured debt are having no choice but to agree to debt settlement deals. They would rather collect 50% of their money rather than take a complete loss with bankruptcy.

Consumers can legally settle credit card debt up to 70% with a debt settlement process. This however does not come without consequence. Consumers will experience a short term drop in their credit score while going through the process. The drop in credit score is the one main disadvantage when consumers settle credit card debt however the drop in credit score is not nearly as bad as bankruptcy. Bankruptcy will affect their credit score for at least 7 years while debt settlement typically lasts around 3 years.

It is very critical that people know how to locate legitimate debt settlement companies and avoid those that might not have their best interest in mind. Sites like are the best sources to find legitimate debt relief services that are certified and established in the debt relief industry. They are one of the biggest Free Debt Relief Networks on the marketplace and provide free consultations to consumers in need of debt relief.

There are other personal credit card debt relief options available such as credit counseling, debt consolidation, and bankruptcy. Debt settlement is considered the best alternative to filing bankruptcy and is only intended for consumers that are experiencing a legitimate financial hardship and have at least $10k in unsecured debt. Bankruptcy should always be the last option for debt relief. Either way, it would be wise to speak with a debt relief specialist that will go over all the options for free.

To speak with a certified debt relief specialist for a free debt consultation check out the following link:


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 debt relief
 credit card debt
 unsecured debt

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