To never pay credit card debt seems like a dream, doesn’t it? Well stop dreaming because now you can actually do this and that too without violating any legal regulations. To never pay credit card debt does not mean that you call your bank manager and tell him that your liabilities should be exempted. This is not the proper process. You have a list of legitimate settlement options and you need to pick the right one. Debt settlement is the best one if you have a fat credit card bill and you are extremely irritated because of the collection calls.
Fifty percent is sufficient for small debts
We see a lot of companies advertising that they provide a minimum reduction of fifty percent. In my opinion, fifty percent is a good deal if you have small payable sums. If you have large liabilities, you need a better percentage in the range of seventy and eighty. If you have been a spendthrift and you need to pay forty thousand dollars to the bank, fifty percent elimination is simply not enough. Even when half of the dues are chopped off, you still have to pay twenty thousand dollars along with the interest charges.
Even if you are employed, this is not a small sum to pay. We are not in a position to sacrifice our entire salaries on paying our liabilities. As banks earn more on high sums of money, you can expect to get high elimination percentages.
Is bulk consolidation preferable as a cheap option?
We commonly see that the bulk consolidation option is criticized by financial analysts on the internet. You will not see a relief professional advising his client to go for bulk consolidation. It includes a lot of risk and a lot of success is not achieved though it.
· The legitimacy factor
· As companies are handling a pool of customers, some of them suffer due to lack of attention
· The same amount of success is not attained for each client, if you don’t get what you deserve you will criticize the firm.
The first point is the most important one. To never pay credit card debt, you need to sure about the legitimacy of your company. Relief networks can help you a lot in getting legitimate firms for bulk consolidation. Through bulk consolidation, it is not that easy to never pay credit card debt. You should look for individual companies provide undivided attention.