One of the biggest benefits of the debt settlement process is the immediate reduction of payments due on consumer loans and credit cards. The typical reduction for a consumer is about fifty percent cut from what was being paid prior to entering the debt settlement process. A debt settlement goes well beyond negotiating just credit card debt. Substantial reductions can also be realized on medical bills, department store cards, signature loans, unsecured lines of credit, and revolving debt.
In many cases, the substantial and immediate cash flow freed up in a debt settlement on a monthly basis can be re-directed to pay for a substantial portion of the monthly mortgage. Entering into a debt settlement process can also help in a loan modification approval due to the immediate increase in cash flow. If a foreclosure is looming, getting a modification approved and pairing it with a debt settlement can stop a foreclosure in its tracks and save a family thousands of dollars per month in combined savings.
The benefits derived from a debt settlement beyond the settlement itself can be missed if a company insists on providing cookie cutter solutions without considering a client’s specific circumstances. It’s the reason that USA Debt Settlement looks at a client’s total financial picture before recommending or taking action on any debt relief option. Call us today at (800) 466 1845 because a debt settlement can save more than just money, it could save your house too.