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Credit Card Debt Formula

 

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Debt Settlement Success Stories Some people wonder

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if debt settlement can really work for those who are struggling to pay their bills. When she placed the phone call to me she indicated that she would be able to
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set aside approximately $2,500 per month to go toward her total outstanding
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balances of just over $52,000. If you're unable to do this you may end up like the following
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former client. The answer is yes, if you're a good candidate for debt settlement. You see, in order to eliminate your debt through debt settlement you will need to have access to a portion
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of the money o to your creditors; this may come through loans from family members or friends, a home equity line of credit, a 401K or simply setting aside a certain amount of money each month, as our client, Cthrine did. Despite their delinquency, Dulcine and Armstrong
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were optimistic that they would be able to grow their photography business, and set aside $1,500 - $2,000 per month to go toward their credit card accounts, ultimately settling the accounts for approximately $0.40 on the dollar within approximately 18-24 months.

As

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you can see, it's important to set realistic goals to eliminate your debt through debt settlement. Brant
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and Charles, a married couple residing in California, contacted my office with
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total debt owing their various creditors, in the amount of $191.006. These are two examples of very different situations, but as you can see, both of these clients
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successfully resolved their debt through
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the debt settlement process. She finally gave up and discontinued paying her credit card bills for nearly two years before finally calling my office. But, as with all things, there are no guarantees and debt settlement
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isn't necessarily the right option for everyone.

Carolyn, who is a 43 year old attorney, was struggling to pay her bills after a very messy divorce and a subsequent move across the country. You may be asking if there are certain individuals who do not successfully complete a debt settlement program, and again, the

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answer is yes. Fortunately, the majority of our clients
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are successful and do not find it necessary to file for bankruptcy. A married couple, Gerty and Mike, contacted me when their accounts were approximately 90 days delinquent, owing a total of $165,465.

Below are examples of some

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of the people I've helped to achieve freedom from their debt through debt settlement. If you'd like to learn more about the process of credit card debt settlement it's important to research the topic very carefully, as there is much misinformation relating
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to debt settlement. Fortunately, Davon and Dorian had family members who
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agreed to assist them, allowing my clients to settle their credit card debt for a total of just $85,930.79, resulting in a savings of over $100,000. Well, this simply did not work out; you see, as months passed Rubia and Ritchie realized that their goals were not being reached, thus resulting in their decision to file for bankruptcy. Unfortunately, my clients did not foresee what the future was to hold for them; job layoffs and a tremendous amount of money lost in the stock market. After being in our program for nearly 12 months, Siusan is now completely free from her debt, having paid a total of just $17,148.95 to all of her creditors to settle her account balances in full.

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