Most consumers experience significantly less emotional stress when working with a professional debt settlement company rather than attempting DIY negotiations. DIY settlement requires contacting creditors directly, handling aggressive collection calls, managing deadlines, and navigating complex settlement terms alone.
Of course you can, but the bigger question is whether you should settle your debts on your own. Debt settlement is a legally recognized strategy for resolving unsecured debts for less than the full balance, and consumers are fully allowed to negotiate directly with creditors.
Top 4 Hardships That Push People into the Danger Zone
1) Job Loss
2) Reduction in Pay or Income
3) Medical Emergency
4) Major Home or Auto Repair
Learn more about financial hardship options and how they impact unsecured debt. These hardships often cascade. Lose your car, and you might lose your job. Lose your job, and you can’t pay rent or your mortgage. Stress builds, health declines, and without insurance, medical debt follows.
If you’re paying down your debt, then you know it is a challenging task. It may become tempting to look for ways to cut corners, however these options may cost you more time and money. Mistakes during debt payoff occur often and can sabotage the efforts you’ve made to improve your financial life.
