Debt Settlement Blog

Today …we have a very special guest Edward Thomas from America’s Debt Solutions…He’s the founder of America’s most aggressive firm for removing debt from consumers and he is going to share some of his secrets today.

Find out why debt settlement companies that work with our marketing firm have increased their conversion ratios by 60%!  We offer unique hot live transfers that will connect your sales associates with consumers ready to settle their credit card debts.  Ask about our exclusive debt conference campaign that can be customized to generate leads for your debt relief company. 

Check out the latest conference call from Borris Bryan’s radio show, Debt Secrets Banks Don’t Want You to Know About.  If you are on this conference call right now you have been invited by someone you know…someone who cares about you and paid for this call. 

This morning on the radio, I heard an ad that asked listeners if they knew they had a right to settle with credit card companies for a fraction of what they owed. Unfortunately, that’s not really how it works. No one has a “right” to settle with credit card companies for a fraction of what they owe. Anyone has a right to ask, sure, but the credit card company also has a right to say no.

In fact, debt settlement companies aren’t always as good a deal as they seem. While they can help negotiate with credit card companies for lower settlements, they also charge hefty fees, usually over 10% of the total balance owed. Settling a debt in other words, paying just a fraction of it also hurts consumers’ credit scores. Consumers also find themselves liable for taxes on the debts that were forgiven.

The National Foundation for Credit Counseling recently warned about the slew of advertisements taking over the airwaves promoting debt settlement. “The reality may be very different from the rosy picture painted by the commercials,” says the NFCC’s Gail Cunningham. She also warns that the debt settlement industry is largely unregulated, which can make it hard for consumers to select an experienced company.  See the original article >