The credit card debt settlement company can only charge the debtor a fee after at least one payment to the credit card company has been made by the debtor.
The debt relief company can only charge a fee which is proportionate to the percentage of the credit card debt savings which they have settled on behalf of the client.
Having a debt problem is bad enough, without having to face court cases, and yet for many debtors who are finding it difficult to make their monthly repayments, this is what they have to face up to on a regular basis. If you, are finding yourself in this difficult position you may be wondering what to do next? Indeed if your debts are badly out of kilter, you may well be considering the debt settlement option, and comparing it against the last and most desperate option which involves filing for bankruptcy. Although debt settlement is not necessary a better option than bankruptcy, at least now if you are considering it, there is some measure of legal reassurance. The recent changes to the credit card debt law mean that if you sign up for a debt settlement program, that no money will have to be exchanged between yourself and the debt settlement company until they produce substantial savings on your debts! While, been in debt is a painful experience, at least now if you feel the need to join a debt settlement program, at least the credit card debt law will provide legal protection and financial reassurance, which may go a long way towards making the credit card debt settlement process a more palatable pill to swallow!
The Secret Behind Credit Card Debt – Copyright 2012 – http://www.CreditCardDebtSecrets.org