In today’s economical times people are holding on to their credit cards instead of cash. Many credit card companies have issued credit to almost anyone who has a job. People are getting accustomed to using their cards more than what they can afford or perhaps out of necessity. What seems as a small innocent purchase has suddenly snowballed in to a situation with no end in sight.
You are in a financial situation that you could not have foreseen the outcome. If you don’t pay your credit card bills – what happens next.
First, you will receive written notices and calls from the credit card company as a reminder to pay your bill. Needless to say, interest and late fees will continue to escalate. If you do not acknowledge the calls or written notices your account will then be assigned to a collection agency.
The collection agency will use tactics of calling you day or night with harassing methods to collect the debt owed. In addition, the collection agency will tact on their service fees as well. If you do not make an effort to pay, legal action can be taken.
Debt Settlement is the most cost effective option to pay off your credit card debt without having to file bankruptcy. If you file either a Chapter 7 or 13 the bankruptcy will appear on your credit report for 7-10 years.
We understand the stress and struggle of living with overwhelming debt and our goal is to reduce and consolidate your debt so you can begin to live your life you’ve always dreamed about.
Debt Settlement will allow you to make one single payment into a trust account in order for your creditors to be paid off.
