debt settlement

How To Speed Up The Debt Settlement Process:

This is basic information provided from a debt settlement company. We are dedicated to helping you to get out of debt as soon as possible. Below is a list of 8 ways to get you through the debt settlement faster:

1. Keep us up to date!. It is important to keep in mind that we do not submit a settlement offer unless we know that there are funds available so if you do have extra funds that are not in your set-aside account you need to let us know right away so we can factor that in and offer settlements sooner. Many clients fail to notify us about extra money and thus their settlement process is slowed up.
   
2. Tax returns. Use your tax toward settlement. Whether it be the yearly return or the one that all of us are receiving this year, use it toward your debt.
   
3. Home equity: It may be in your best interest to take out a relatively low interest second mortgage or perhaps re-do a new first mortgage and use all or part of the equity to settle. This would get you through the program very quickly and give you lower monthly payment at very reasonable interest.
   
4. Other assets. You may have other assets that can be used toward the program. Anything from money in savings to a boat and anything in between could possibly speed the process. Get creative and lets get you out of debt ASAP.
   
5. Increased income. If you have had an increase in income, do not waste it! Send more to your reserve account. Even if it is a few dollars a month, every bit helps. Do not feel that you need to just send in the minimum amount.
   
6. Economize. Many of our clients have shaved their budget about as far as it will go. Some of our clients however, could economize more and increase their money to set-asides. Again every little bit helps.
   
7. Part time job. Many of our clients choose to work part time to make a few extra dollars. Just $25.00 per week increase to your set asides can make a big difference.