A seasoned Golden Valley debt negotiator works to get your debt reduced to less than you ever thought possible. Let us get you in contact with a debt settlement expert – now – who can:
- Negotiate with your creditors.
- Request an official settlement for debt elimination.
- Establish a program to repay what you owe in 2 to 4 years.
Finding a Debt Settlement Firm: Golden Valley, AZ
Please don’t trust your debt settlement to some dishonest agency. Any honest debt negotiator will give you certain specifics before you get started:
- Pricing: monthly fees should be carefully enumerated.
- Schedule: they must inform you when they’ll reach out to your creditors, as well as the funds you must have saved.
- Liabilities: they have to tell you about the unfavorable effects for your credit ratings
You should make sure your Golden Valley debt settlement consultant is an honest one by finding out how long they’ve been settling debt, how many cases they’ve managed, what their rate of success is, how much they charge, and whether they’re certified to do business in Arizona.
Golden Valley Debt Settlement Considerations
Debt settlement is the only option that actually leads to a decrease in principal. But it’s an intense process that requires a good amount of risk and sacrifice.
Reducing your debts in this fashion does have a few disadvantages:
- Hurts your credit ratings.
- Debt not 100% paid back.
- Debt contines to build during negotiations.
- Debt collector calls may not decrease.
- Debt that’s forgiven is taxable.
Statute of Limitations for Debt: AZ
In Arizona, creditors have 6 years to take legal action for unsecured debt you owe.
Suitable Debt Settlement Candidates in Golden Valley, AZ
For you to be a candidate for a credit card settlement program in Golden Valley, AZ, you normally need to have:
- $10,000 in Debt
- $300 Each Month to Spend
If you are one of these individuals, you’re not alone. We estimate that 762 Golden Valley residents are living under at least this much debt.
Loan companies and debt consultants will be interested in your debt to income ratio.
To put it succinctly, if you’re allocating over half of what you make in credit cards, rent/mortgage, and/or loans, you need to get in touch with a debt relief expert. Considering that the average income in Golden Valley is $2,253.00 every month, this is just $1,127. You really need to aim for a ratio that’s closer to 36 percent ($811 in Golden Valley).
Are you trying to decide between credit card debt settlement and consolidation? Debt settlement programs result in a decrease in the amount you owe, whereas consolidation or management doesn’t. With debt management, consolidation, and counseling, your monthly payment is combined and continue to pay back the credit card issuers until your debt is fully paid. This is does far less damage to your FICO scores. However, reduced interest rates and fees are the only form of savings you’ll enjoy. For more information, go there: debt consolidation in Golden Valley.
Fee Structure for Debt Settlement
Whereas debt management programs have basic fees each month, debt settlement fees are normally assessed once each account is repaid.
Most settlement firms will charge you roughly 20% of the amount you owe – which is a big chunk of change! This service charge is generally assessed over 12-24 months.
Debt Settlement Companies in Golden Valley (AZ)
- AZ Debt Settlement Service? Contact us!