Do It Yourself Debt Settlement 101 | What is Debt Settlement?

I'm J. Carlton Ford of Debt Warriors.com. This is the first of our Debt Warriors Settlement Intelligence Series.

Today I'm going to share with you what Debt Settlement is and show you why you should settle your debt for yourself.

What is Debt Settlement?

Debt Settlement is the act of a customer contacting the Original Creditor ("OC") or 3rd Part Debt Collector ("DCT") and offering a "Settlement Amount". A successful Settlement usually eliminates the debt. Generally, the person holding the debt will settle with a consumer for 40-60% of the debt owed.

Debt Settlement is Legal. The Federal Trade Commission reccomends that consumers seek to settle their own debt Debt first.

Is Debt Settlement safe?

Yes, almost anyone can attempt to settle their debt. but many people make matters worse by making many simple mistakes like "Legally re-aging" the debt making it stay on their credit report for at least 71/2 years.

A Debt Settlement done right can save you time, money and stress, while a settlement done wrong can negatively affect your credit for seven and a half years. And that's why Debt Warriors have produced the DEBT WARRIORS ARSENAL. The DEBT WARRIORS ARSENAL TEACHES how to settle your debt for yourself, in a safe, easy and responsible way. To learn more about how to settle your debt for yourself, log onto DEBT WARRIORS.COM. Or call us toll free at 866-576-4996.

Until next time, this is DEBT WARRIOR J. CARLTON FORD wishing you FINANCIAL LIBERTY...