Saving thousands of dollars is simple by following debt settlement tips that could guide you through negotiating with your creditors.

Verify with your creditors that they haven’t already "charged off" your debt. Did you get a notice from the creditor that your debt was charged off? Did you have to claim the written off debt as income on your tax returns? If your response is yes, in that case the debt is officially useless, therefore you undoubtedly settled taxes on the income. In this instance, proceed to another debt in line to be cleared.

One debt settlement tip to consider is to confirm what the Statutes of Limitations is in your state before you try to manage paying off a debt.

Creditors have a particular stretch of time to collect on a debt so you might want to find out if the Statute of Limitations in your state has passed.

Notify the debt collectors should the debt be older than the statute of limitations, so that they won't irritate you regarding an uncollectable debt. Keep in mind all the debt settlement tips, be aware the main creditor or the designated collection firm won't be able to collect from you if your SOL is expired (they might attempt nonetheless).

Soon after SEVEN years, debts normally vanish out of your credit statement. It cannot lawfully remain on your credit history if the debt has not been settled after seven years. You can challenge this kind of debt on your credit history and will probably be taken off.

Currently, with a boosting number of individuals engaging in debts accumulation, it's easy to come across debt settlement programs that can help minimize your financial debt load by 25 - 60%.

Lots of people are not aware of the potential risks that take place together with unsettled debts.

Certainly, it can be possible for a creditor to consider lawful measures towards you and in some cases succeed in obtaining a judgment, which makes it feasible for the creditor to garnish a portion of your earnings and to have the authorities seize your property or home.

On the other hand, in the case of credit card default, the chances of this occurring are small. Why? They might lose an excessive amount of their precious time and cost to take legal action. Although this does not imply the chance does not exist, the bigger the total amount you have on an account, the bigger the risk this can transpire.

To avoid all of this to take place, be cautious, stick to our debt settlement tips that will guide you to a successful negotiation with your creditors.

Debt Free Solutions is a debt consulting company located in Long Beach, CA. We have been in business for 10 years. We assist Americans across the U.S. to eliminate excessive credit card and other unsecured debt.

We utilize various programs and strategies to aid them in dissolving their debt in the quickest, safest, and most efficient method possible. We also analyze the risk factor. We structure our programs to drastically minimize the risk that is inevitable with all debt elimination programs.

We offer our clients much more than a debt settlement company does. The vast majority of debt negotiation companies simply settle your debts on your behalf with your creditors- nothing more.

On the other hand, we provide free services to significantly help to minimize the risks that are involved in negotiating with your creditors.

First, we offer a free, no-risk 10 day trial service. During our free trial, we negotiate with your creditors on your behalf to lower your interest rates. Also, we research to see if you have any old debts that you are not legally liable to repay. If, for any reason, you are not completely satisfied, you simply walk away. No commitments. No contracts.

Next, we provide a comprehensive credit repair service to all our clients. This is a $795 service that is absolutely free!

Also, we offer free attorney consultation (a maximum of five sessions) in case one or more of your creditors makes any threats.

Last, we provide a written guarantee that our clients’ creditors will settle for an average of 50% or more for all of the debts they attempt to negotiate.

Our services are competitively priced- and include the above free services!

Joseph Hernandez

CEO

Debt Free Solutions

www.debtfreesolutions.mobi

(800) 668-8090