Consumer Debt Solutions

Yes, if debt arbitration is done right. Debt arbitration, credit arbitration, credit card negotiation, all mean pretty much the same thing or are very similar. The idea is to negotiate with your creditors to reduce the amount you owe to them, in return for paying the amount off in one or two payments.

So you say "if I could pay off my creditors, don't you think I would have?" Well yes, but the idea is to not anything until such time as you are able to come up with the money, usually by a combination of saving, borrowing or working extra jobs, etc. You see, with this type of arrangement, once you are able to pay off a portion of your total amount owed - about 50% is a good rule of thumb - you are done. Then you will have to repair your credit as it will take a hit. However, it can be repaired much quicker than in a bankruptcy situation, and your situation is not put in the public record like it would be with a bankruptcy.

You will have to put up with an almost endless stream of collection telephone calls and letters, but there are ways to minimize these.

Make no mistake, debt arbitration can be a scary process, but for many it is a viable alternative to bankruptcy, and just the feeling of empowerment you will receive when completed is a great incentive to at least consider it.

You can either hire a professional arbitrator to negotiate on your behalf - very very expensive - or you can do it yourself. You just have to weigh factors such as your comfort level and other factors like your debt level, and what creditors you are involved with.

If you decide to look into doing it yourself, I urge you to take a look at a complete course available here. You will be walked through every step, and the money you can save is incredible.

For your free report on DIY debt settlement, click here. 

Consumer Debt Solutions |