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News: FAQ's | DREAMZ SOLUTION
What is debt trap?
- Creditors, especially credit card companies have main interest in earning interest from you. That’s why they tempt you with “minimum amount payable” and such other offers over the time, your dept increases and outstanding dues carry interest rate in range of 10-30%. This way, you lose thousands of dollars and you always remain under debt.
What is unsecured debt?
Any loan or credit extended without collateral is an unsecured debt. Some examples are credit card debt. Retail store cards, personal loans and medical bills. Secured debt are tied with a collateral, for example, mortgage and auto loans.
Can I settle debt on my own?
Creditors are wary of negotiating directly with consumer. Creditors are more interested in earning interest from you. If they settle with you, then they could be forced to apply the precedent to all other outstanding dues cases. Beside, we have a team of experienced and expert consultants and attorneys who are able to extract maximum benefits for you. They have extensive knowledge of federal and state consumer laws, including the fair credit reporting Act, Fair credit billing Act and Fair credit Collection practices Act, among others. Debt settlement companies handle each case in professional manner and creditors pay more attention to someone with legal background.
Why debt settlement better than bankruptcy?
A bankruptcy proceeding can take years and will adversely affect your credit report for years. You canbe denied all social benefits. You will not be able to get employment, insurance, tenancy and licenses. Debt settlement is an attractive option to bankruptcy.
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