Credit Card Debt Settlement–How fast can you become debt free? Check!

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Credit Card Settlement – Crush Your Debt Fast!

Do You Have High Credit Card Debt? Settlement Programs Negotiate With Your Creditors to Reduce the Balances.

Best credit card debt settlement program

Debt settlement for credit card bills is our second most popular program in 2019 and is also the oldest debt relief program on the market, starting in 2004. Of course, debt validation can provide you an even less expensive solution to your credit card debt and in some cases even get the debt removed from a person’s credit report, but not everyone qualifies. If you don’t qualify for debt validation, the credit card debt settlement program will provide you the next best savings.

You could pay off a $10,000 credit card debt, for around $4,500 with debt settlement services. The savings is completely forgiven, meaning, creditors can’t ever come after you for that amount. Do keep in mind, this does not include debt settlement fees. With fees included you’ll still end up saving around 30% on all unsecured debt and paying 0% interest in the end. Also, the IRS could request that you pay taxes on the amount saved with debt settlement. The law firm that Golden Financial Services sets you up with will talk to you about filing a #982 tax form to eliminate any type of tax debt if it arises.

Do you need an attorney to settle credit card debt?

With credit card settlement you must let your accounts fall delinquent to the point where they eventually get sold to a collection agency. Creditors get corrupt at this stage in the game, and will often attempt to collect on a debt in an illegal manner. You are protecting your financial well-being by having an attorney represent you. Your attorney can speak on your behalf and creditors will know not to use any illegal tactics when dealing with your attorney.

Not only that but if you get sued you’ll want to have an attorney representing you. An attorney can take an FDCPA violation (the most common law that debt collection companies violate) and use it to threaten a lawsuit against the creditor unless they agree to dismiss the debt. Attornies can back-fire when creditors issue a person a summons, responding with a threat to sue them in return for x, y and z violations. You will get trained on how to spot any legal violation. For example, if your creditors try calling you before 8am that’s an FDCPA violation. Simply take note of it and report this violation to your attorney once approved on the credit card settlement program.

Did you know this one small violation, of your creditor calling you at 7 am, could result in a fine for $1,000 (payable to you)? Your attorney could use this violation as leverage when attempting to settle your debt. (e.g. Your attorney will let the creditor know “We have proof that you called ___ at 7:10 am. This violation of the FDCPA would cost you a fine of $1,000. We can drop this today if you are willing to settle this $9,500 debt for $4,200.”)

Often, creditors will then dismiss or reduce and settle a debt so that legal action is not brought against them. Also, by having an attorney represent you creditors can no longer call and harass you all day long. Once creditors are informed that an attorney is representing you they must now direct all phone calls to your attorney.

Call (866) 376-9846 to Check if You Qualify for Credit Card Debt Settlement.

Is it better to pay minimum payments or settle my credit cards?

Unless you have the ability to pay more than minimum monthly payments on high-interest credit card debt, there is no light at the end of the tunnel when paying only minimum payments. Try this minimum payment debt calculator to see how long it will take you to become debt free if you keep paying the amount you are currently paying.

See Credit Card Debt Settlement Calculator Example:

best credit card debt settlement program

The longer you pay minimum payments, the more fees and interest you will give your creditors, money that could otherwise go towards your retirement. By settling your credit cards with debt settlement you can become debt free in 24-36 months. Your credit score may take a 150 point hit but credit is rebuildable. After using a debt calculator tool like the one I’ve shared above, ask yourself if the money that you could save with debt settlement is worth having your credit score go down by 150 points. Often, the amount you can save with credit card settlement programs will pay for a brand new car in full or could be your down payment on a new house.

Call Golden Financial Services About Debt Relief Programs Now at (866) 376-9846!

The bottom line is this.  Consumers with a hardship deserve to get help in order to pay off their unsecured debts.  If the creditors are not willing to work with the consumer direct, then credit card debt settlement could be the best option to consider.  Credit card debt settlement at Golden Financial Services helps thousands of consumers every single month.  Golden Financial Services has the BBB A+ Rating, testimonials, leverage, experience, creditor contacts and a proven track record when it comes to credit card debt relief programs.

See what past credit card settlement clients have to say about the service

Let Golden Financial Services help you with Credit Card Debt Relief.

Benefits of the Credit Card Act & how it can be used for credit card relief

The Credit CARD Act, in a nutshell, helps to protect consumers from unfair rate increases. Credit card companies now must also supply clear disclosures to customers so that people know exactly what fees and interest rates are included. Before a credit card company raises your interest rate, they must give a consumer a notice (at least 45 days in advance).

What to do if creditors violate the Credit Card Act?

Creditors often violate the Credit Card Act. With a debt validation program, you can dispute a credit card debt and if your creditors violated the Credit Card Act at some point, you may not have to pay that debt. It forces creditors to be accountable for their actions. You can request proof that the debt is yours and that your creditors are abiding by laws, like the FDCPA and Credit Card Act.

Debt often becomes legally uncollectible with the help of debt validation, meaning, consumers don’t have to pay the debt. Also, once a debt is legally uncollectible it can no longer be reported to the credit reporting agencies. Debt validation is a great weapon that you can use to challenge whether or not your creditor violated a law. Golden Financial Services can help you get started for free.

The downside of the Credit Card Act

A downside to the Credit Card Act is that credit card companies are now charging fees in new ways. They are “getting creative”. You know doing things like charging for a glass of water. Well, it feels that way sometimes. Here’s a serious example: if you use your credit card in another county, you will now pay extra fees for that transaction.  If you transfer your balance from one card to another you will now pay extra fees.

How do you get the credit card companies to LOWER INTEREST RATES without having to join a debt management or credit card debt settlement programs?

Getting credit card relief by working directly with the banks is not always easy.  You would think that simply calling the credit card companies and communicating with them would be the best route and it can be at times.  However when calling the credit card companies directly, sometimes they will work with consumers, but other times they will not. Follow these step by step instructions on how to settle credit card debt on your own.

Would you prefer a loan? Next, read about Credit Card Consolidation.

Ready to sign up for a plan?

Call to see if you qualify for a credit card debt settlement at 866-376-9846!

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