Today I will tell how to save thousand of dollars in costs by doing debt elimination yourself. I will show why you don’t need a debt settlement company to get rid of your debt and also how to preserve your credit history after you have eliminated your debt.
For example, a typical debt settlement company will charge you a front-loaded fee that would probably cost you a few hundred dollars upfront before they even start the process of eliminating your debt. Also, depending on how much debt you have, they may also charge you monthly fee. When all is said and done, most people pay about 20% of their total debt in charges to the debt settlement company.
If you only owe $5,000, that fee would be about $1000 on the front end. However, when you think about the majority of people, they usually owe way more than $10,000 in credit card debt. So realistically – the average amount a person would pay to a debt settlement would probably closer to $2000 or more.
Now what kind of debt elimination plan is that?
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