Are You Looking for a Good Debt Settlement Company to Settle Your Credit Card Debt?

Debt settlement is the quickest way to get out of credit card debt for the least amount of money and prevent bankruptcy if you have a lot of credit card debt.

This can be your best option if you are one of the millions of Americans going through financial difficulties right now if you want to get out of debt as soon as possible.

However, before you choose a company like Crestridge Funding, you must do enough research about the company. You must read the complete review on Crixeo about the company.

Also, check the star rating that has been given to that company on Crixeo.Com. For that you need to scroll down the page of Crixeo.com to check what rating has been given to the above debt consolidation company.

There are many horror stories that you can come across by selecting any dubious deb settlement company that can really put you into great difficulties.

As an example, a gentleman contacted a debt settlement company, who asked him to deposit $2000 every month into an escrow account. The debt settlement company told that initial 6 months of these payments would go towards paying all the debt settlement company and for their services.

Since he had no money left in his escrow account, he asked the bank to spread the payments further 6 months so that he can have time to save some more funds.

But the bank declined as most of their settlement offers are only for a 90-day payment time-frame. Finally, he had to drop out of the program and declare bankruptcy and the debt settlement company made their profit.

Such new businesses have multiplied by the thousands in recent years, overwhelming the internet, radio, and television with advertisements promising to “reduce your debt in half.” The majority of these advertisements only produce “leads” that are then sold to one or more “bad operators” (who will gladly take your money in the form of upfront fees without ever delivering on their promises).

Numerous people have witnessed their financial aspirations turn into financial nightmares, and things have become ugly. The FTC is actually stepping in to regulate the debt settlement industry because it has gotten so terrible.

Unfortunately, over the past few years, a lot of these individuals have turned to this type of financial assistance after failing to complete a credit counselling programme, which is a very different option, or after making a poor decision based on partial or inaccurate information provided to them by the counsellor/consultant/salesperson they talked to before enrolling.

These dishonest salespeople never follow through on their promises to the helpless customers they have duped, putting them in worse condition than when they first approached them.

Of course, there are a few good companies available on the market. Learn how credit works and about all of your debt relief choices before looking for a company to settle your credit card debt. This will help you decide if debt settlement is actually the best option for you to get out of debt in the first place.

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