Fear grips people who are in debt. There are so many unknowns. The biggest questions involve Legal Aspects of Debt like, "CAN a person be sued by the Debt Terrorist in COURT?"
The Short Answer: Absolutely! The long answer is You CAN be taken to Court by a Creditor or Debt Collection Lawyer. But weather they win, loose or settle is largely up to you - the Debtor. The out-come is largely up to the Debtor.
For this reason DEBT WARRIORS™ suggest that Consumers settle their debt for themselves. It can't (as in WON'T) hurt you to Do Debt Settlement for yourself. But for all you "Details" people out there, here are 4 reasons WHY "Do it yourself Debt Settlement and Credit Repair CAN'T hurt you:
[Done right] Do it YOURSELF Debt Settlement and Credit Repair is; Safe, Effective, Legal and Responsible. Below are some follow up facts:
- Do it Yourself Debt Settlement is SAFE. In fact, it's the ONLY method recommended by the Federal Trade Commission [FTC] for Debt Settlement. This fact alone should tell you how safe debt settlement is.
- Settling YOUR Debt and repairing your Credit is the most EFFECTIVE Method Hands down. Settling your Debt and Repairing your own Credit keeps you in control, arms you with life-long education, substantially saves you MORE time, money and stress.
- Do it yourself Debt Settlement is LEGAL. The Credit Repair Organizations Act is a Law specifically enacted to protect Consumers from fraudulent and illegal practices of "Credit Repair Organizations. Millions of "suckers" have been licked down to the stick by slick talkers, intent on taking as much from the Consumer as they can.
Case in point: The FTC Reports "Debt Meltdown Program’ Marketers Settle with FTC; Charged with Failing to Deliver Promised Debt Reduction Services". There are many types of these companies around. They often have sales people who, will tell you anything for a dollar. It's more responsible to educate yourself and take action for yourself. - The most RESPONSIBLE thing you can do is educate YOURSELF on the process of Do it yourself Debt Settlement and Credit Repair. Why? Because ignorance and incompetence is no defense in any U.S. Court of Law. On the other hand you can be your own Financial Hero, and Credit Repair Guru. You'll rest easier by learning about what to expect, what your rights are and what protections you have (or don't have).
In addition, Debt Settlement saves thousands. This is a fact. On average, consumers save 50% of their Debt by using Debt Settlement and Debt Consolidation Companies. But everyone who isn't thinking erratically, can see that paying 15% of (your TOTAL DEBT) trying to get out of Debt doesn't make ANY sense.
Debt Settlement and Credit Repair can save you 40% - 60% of your TOTAL Debt, which can equal thousands. Your results will vary, but the most common denominator of Do it yourself Debt Settlement and Credit Repair is you CAN save TIME, MONEY AND DEBT STRESS :).
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