2. What is Debt Settlement Program? |
Debt Settlement is the preferred debt consolidation method consumers and businesses take when delinquent on their payments
but trying to get out of debt. FH Financial helps
you with debt settlement by negotiating with your creditors to settle your debt for an average settlement of
40% of the current balance. By utilizing FH
Financial Service, consumers are able to eliminate
up to 60% of their debt with our Debt Settlement plan.
For example: If you owe $10,000 on a credit card, our trained negotiators can typically settle the debt for $4,000; a savings to you of $6000.
A Debt Settlement plan will also consolidate your payments into
one low monthly payment that will have you debt free in less than 36 months. Here is why. If you are behind, your creditors have added hundred if not thousands of dollars in frivolous fees on top of increasing your interest rates. If you were not able to maintain the original agreement I don’t understand why they would make it impossible for you to get back on track.
f you are current on your payments, the creditor will not agree to settle your debts. Therefore, you must establish some leverage with your creditor by allowing the accounts to go delinquent for at least 120 days. At 120 days, we are able to negotiate your debt and we can typically reach at settlement for 50% of the balance. At 150 to 180 days of delinquency, settlements are usually obtained at 40% of the balance.
There is not any other debt consolidation plan that will get you out of debt faster and for as little money than hiring a FH Financial as your debt settlement company. You will not pay any interest or frivolous fees tacked on by your creditors. In fact,
you will pay an average of 60% less than what you owe. Not only does this get you out of debt but it also improves your credit score. It is a win – win option for consumers who have already fallen behind.
These are the type of bills/debts you can enroll into a debt settlement plan:
- Medical Bills
- Credit Card debt
- Collections Accounts
- Personal Loans
- Charge Off Accounts
- Repossessions
- Any Unsecured debts
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Let a Debt Specialist at FH Financial explain why this is one of the most popular debt consolidation programs available to you. Click here to request a free Consultation |
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