Debt consolidation and credit counseling are often advertised as remedies that will help you bring down your card debts. However, all these remedies ignore that transferring the debt from one source to another or bringing down the interest payment will not result in reduction in the amount owed. It is only one when there is reduction in the principal amount owed can one say that money owed to credit card issuers has come down.
The best option available for cardholders today is debt settlement. Qualifying for this debt relief of option is not very easy. However, the benefits are numerous. Settling the debt involves obtaining a waiver from the card issuer. They waiver may range from 30% to 70% of the original amount owed. This means that you will not have to repay the entire amount in full. At least three tenth of the debt shall be forgiven. This is what is meant by a debt relief option that results in reduction of debt. Once the settlement agreement is finalized, the amount owed will automatically come down.
Fast EZ Payday Loans specializes in fast cash online services for payday loans when you need a quick payday loan.
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