For people looking for help with credit card debt, there are a number of different debt negotiation services available. There are a large number of companies that offer a wide variety of services that all fall under the umbrella of “debt negotiation services”. However generally speaking the only service that is truly debt negotiation is debt settlement. This is because the company negotiates with the creditor to get them to accept a lesser amount than the full debt as complete payment. That is why it is so important to work with a company as most people do not have the experience nor the influence to get a favorable result from a negotiation they do themselves. It’s also why it is so important to work with a company that has experience in doing negotiations, as they will know which creditors negotiate and how much they can expect to save their clients when talking to a creditor.
Although there are some companies that look for loopholes to get around it, these days most debt negotiation companies offer performance based services. This means that the company won’t accept payment until they have successfully reached a settlement with the creditor. However, as mentioned, there are companies that try to get around this by seeming to offer a performance-based service but having a number of hidden fees. Be very careful of any company that isn’t 100% transparent about their fees and what they are for. It’s your right as a customer to be completely informed and comfortable before making any decision. After all, it is your money and you can choose which company should manage it for you.
The primary benefit of a debt negotiation service is that it attempts to enable you to pay less than the full amount you owe. This also has a number of spill-over benefits that for many people are even more important than paying less than the full amount. These include lowered monthly payments, a shorter time table for paying off the debt (often years less than paying just the minimum monthly payments), and having a single fixed payment per month instead of a number of payments to different creditors. For many people having a lower monthly payment and knowing exactly what they have to budget each month is a huge relief that gives them great peace of mind.
If debt negotiation services sound like they would be the solution for you, you should take a closer look at CuraDebt. First and foremost, CuraDebt has been helping people nationwide for over 23 years, so they have the history and the experience to be successful when negotiating a lower payment with your creditors. They also excel in customer satisfaction and have almost 1200 five star reviews on customer lobby and over 260 more on shopper approved. They are one of the highest rated companies offering debt negotiation services in the US. Best of all CuraDebt offers a free consultation so you can see if they are the right company for you before making up your mind.