Thursday, May 20, 2010

Debt settlement servicing - a Brief

Companies providing debt settlement servicing ensure that the debtors do not have to deal with the creditors at all. Even the collection calls are redirected to the company’s office. The companies providing debt settlement client servicing provide 24x7x365 service to the debtors. The debt settlement companies can outsource their customer service, creditor relations and negotiation to these companies.

The companies providing debt settlement servicing negotiate the debt amount with the creditors to reduce it considerably. They also persuade the creditors to waive off the penalty charges and reduce the rate of interest on the negotiated amount bringing down the amount payable even further. These companies which provide debt settlement client servicing also have an association with several legal organizations and lawyers. This network of legal professionals provides discounted or free legal advice regarding taxation, insurance, identity theft etc to the debtors. They also provide legal counsel if the debtor is sued during the run of the settlement program.

About Settlement Corporation of America (SCOA)

Settlement Corporation of America http://www.settlementcorporation.com - a debt settlement company working in affiliation with various debt affiliates.

2 comments:

  1. Companies providing debt settlement services indeed help consumers to get rid of their debts without having to deal with the creditors. Dealing with the creditors and collection agencies can be nerve-wrecking. Thus, the main advantage of using a debt settlement company is that you do not have to deal with the creditors and the CAs. There will not be any annoying calls to harass you. Much to your relief, all these collection calls would be taken care of by the debt settlement companies.

    The companies will negotiate with the creditors not only to reduce the interest rate, but also to get the late fees and charges lowered/waived off. A good settlement company can in fact lower your outstanding debt amount by as much as 40-60%! Moreover, if the settlement company has a network of legal professionals, you may also get some free legal advice regarding taxation, identity theft etc. This would definitely be an added advantage for sure.

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  2. I think thats great news for every bad credit users They persuade the creditors to waive off the penalty charges and reduce the rate of interest on the negotiated amount bringing down the amount payable even further. Its really great company.
    Aurora debt relief

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