There honestly has never been a better time to eliminate credit card debt with the help of a debt settlement company.
It is no secret that our country is massively in debt as are many of our citizens.
America has lived in a society of consumerism where being in debt is not only common but actually encouraged.
This attitude has dwindled off significantly with the recent financial and credit crises that led many to believe America was headed toward financial disaster.
While we have avoided financial disaster, many creditors are very worried that they will never recoup their lent money.
This fear, along with government bailout money has led to an environment where there has never been a better time to eliminate credit card debt.
If you have over $10,000 in debt and would like to take advantage of current market situations to settle your debt, it would be prudent to hire a debt settlement company to negotiate on your behalf.
While many people think they can negotiate with their creditors by themselves, the fact it that a debt settlement company has a significant advantage over you when it comes to debt negotiation.
They already have established relationships with all the major creditors and can use their leverage to negotiate a better deal.
In return they will collect a fee from you for their service but if you are over $10,000 in debt this fee will almost always be 50% less than your savings.
When you eliminate credit card debt through a debt settlement company there is only a minimal effect on your credit score and will actually end up helping your credit score down the line.
You see, when you eliminate credit card debt, you will be much more likely to qualify for other loans and lines of credit.
Most creditors' main concern is how much money you owe other people.
While your credit score is a big factor as well, it is more important that you are not deep in debt with other creditors.