Debt settlement is an excellent option for most debtors. With a settlement, you can negotiate a lower outstanding balance, waive late fees and penalties, and lower your interest rates.
However, this can be a complicated process to navigate. It can be hard to know where to start this process, and even what to say. With Liberty Debt Relief, you get access to our wealth of experience working with creditors, as well as our industry expertise. We know what it takes to help you settle your debts and navigate this process quickly.
It’s important to note that debt settlement is not an option for certain types of debt, such as a house that can be foreclosed on or a car that can be repossessed. Nor is it applicable to federal student loans.
Not all creditors will accept debt settlement offers right off the bat. They receive less than the amount that they are owed as a way to ensure they receive some return on their loan. Most creditors would rather avoid this, which is why handling this on your own can be difficult. Having Liberty Debt Relief professionals do the heavy lifting can bring you peace of mind. We have the expertise to negotiate on your behalf, ensuring you have the most successful outcome.
How Does Debt Settlement Work?
Debt settlement is a strategy that works to reduce your overall debt owed and resolve your obligations to your creditors. Here’s an example of how debt settlement can work. A creditor will be more willing to negotiate if it seems you won’t pay any of your debt all. The first step is to stop making payments on your debts. This may seem counterintuitive, but it is a necessary step. Instead, save up your monthly payment to eventually go towards your debt after negotiation.
Once your debt settlement company believes the account has enough for a lump-sum offer, it negotiates on your behalf with the creditor to accept a smaller amount. We help you to navigate this often tricky path with minimal risk. Our industry expertise and familiarity with creditors helps us to create strategies that work best for you.
Working with Debt Settlement Companies
Successful debt settlement could mean that your outstanding debt balance is lowered, your late fees or penalties are waived, or your overall interest rates are lowered. These results can be very uncertain to achieve on your own. Most credit card companies may refuse to even negotiate with you at all. Everyone’s debt situation is different, which means that your options will also vary. It is essential to know what rules apply to your circumstances and what impact your decisions will have on your outstanding debt.
You can negotiate with creditors yourself, but the experts at Liberty Debt Relief use their knowledge to get you the best possible outcomes. We speak to creditors every day and have experts specialized in every aspect of the industry. You can rely on us to ask the right questions and fight for the best possible solutions for you.
Why Liberty Debt Relief?
We understand how the current industry landscape and rules surrounding debt settlement impact you. Once we thoroughly analyze your individual needs, we put our debt experts to work negotiating on your behalf. We have proven results with happy clients who were able to improve their financial situation. Are you tired of interest that has gotten out of hand or payments you can no longer keep up with? Let us act as your intermediary to minimize your overall debt obligation.
At Liberty Debt Relief, we have the industry experience and know-how to help you reach a better debt settlement arrangement. We know every situation is different and require personal procedures and processes, and we help you navigate it all.
Begin Negotiations Now
Having the right debt settlement company negotiating on your behalf is critical for you to receive the best outcome. At Liberty Debt Relief, we speak to your first about your financial goals before contacting your lenders and working towards an agreement that can significantly lower your total debt.
We not only negotiate with creditors but also help you develop a strategy to become debt free. Our services include sitting down with you and discussing your budget, your spending habits, and the best way to track your cash flow.
Reach out to our trusted experts today to receive your free consultation.
Step One:
Talk to our experts
Receive a free assessment.
Step two:
Pick a plan
Choose a customized approach.
Step three:
Become debt free
Watch your plan eliminate your debt.
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