--Donaldson Williams,
Inc.
Offering an Honest and Ethical Solution
to EliminateYour
Debt
Debt Settlement – Negotiating With Your Creditors What is the
Truth About Debt
Settlement?
Credit card debt in the United States is at an all-time high, and delinquency rates on installment loans, revolving credit and mortgages have experienced double digit increases, as well. Fortunately, most mortgages and installment loans aren’t subject to interest rate increases as a result of delinquency. This is not so with credit card debt.
Many credit card issuers will increase an account holder’s interest rate after just one late payment – and in most cases, even if that one late payment is received only one day past the scheduled due date. Unfortunately, this practice – which many consider the legal equivalent of loan sharking – has resulted in thousands of individuals facing financial devastation. Those people who were just barely making ends meet now just can’t seem to generate enough income to meet their monthly financial obligations. Many have come to a fork in the road and must now choose the right path to successfully pay off their credit card debt.
If you happen to be in a similar situation, and are experiencing financial difficulty, but would like to avoid bankruptcy, you may want to consider negotiating with your creditors to reduce your pay-off balance (usually by 50% or more). Don’t, however, expect to make a simple phone call and successfully reach a negotiated settlement amount; debt settlement just doesn’t work that way.
As a matter of fact, if you contact your creditor and ask for assistance of any kind (through debt settlement, interest rate reduction, etc.) they’ll likely very politely explain that they’re “unable to assist you, but if you make your payments on time for the next six months we’ll be happy to review your account for a possible interest rate reduction.”
So, what should you do? Be patient and take the time to become educated in the area of debt settlement. There are many resources available, which have the potential to be extremely beneficial so that you’ll successfully complete the process of debt settlement. If you discover that negotiating with your creditors to achieve reduced settlements on your accounts is more of an undertaking than you care to deal with, there are several competent companies that would be more than happy to represent you.
Should you decide to hire a debt settlement firm, it’s important to be sure that the company representing you is goal-oriented and focused on your financial success. Many firms will work on a contingency basis, only charging a fee after a satisfactory settlement has been reached with your creditor.
Whatever path you choose to eliminate your debt, you can take comfort in knowing that your financial concerns will soon be a thing of the past, which will likely result in no more sleepless nights and no more constant worry. Believe it or not, you will once again feel a sense of relief and a very welcome feeling of “calm.”
If you should have any questions, or need assistance, feel free to contact us. For a free consultation, click here. Remember, Donaldson Williams, Inc. charges absolutely no monthly fee and no set-up costs because we work on a contengency basis, and you don't pay a fee for our services until after a satisfactory settlement has been reached with your creditor(s). |
Providing Customer Service You Can Rely On!
"I'm not sure how you
work your magic, but thank you for everything you have done.
I would highly recommend your company."
(C.C.
Attorney)
"Marie, we can't thank
you enough for everything you have done for us. We
had a
lot of question
throughout this entire process and you have been so patient and
understanding. We never felt alone because we always knew we
could call or send an email and you would get right back to us.
Excellent customer service and an incredible end result. We
really do appreciate it!"
C.E.H (Insurance
Adjuster)
"Again I find myself in awe of how you have
been able to help. Thank you."
G.B.
(Educator)
"Outstanding! Thank you for investing the time
and attention to get this outcome- we truly appreciate your help and
kindness."
M.M. (Regional
Manager)
"I appreciate all you have done for us. I
would recommend your company in a heart beat to
anyone that has been experiencing
problems such as our own."
J.M. (Q.I.
Supervisor)
“Thanks so much for all you did for us. If we hadn’t found Donaldson Williams we would have surely filed for bankruptcy. You were straightforward from the beginning and we ended up with better results than we thought possible. Every one of our phone calls was returned and your professionalism proved to be unmatched. Again, thanks for saving us over $30,000 and helping us avoid bankruptcy.”
(E.Z. Carpenter)
“Hi…I just wanted to drop you a line to let you know that we appreciate all you did for us during the worst financial crisis we’ve ever faced. I’m so glad we found you and decided to hire you…your dedication to helping us through a difficult time literally saved us thousands of dollars, as well as allowed us to end our financial problems with dignity and ease.”
(D.D. Communications Supervisor)
“Thank you for your help and your patience. Not only did you save us $27,000, but you were very patient with our questions and worries. You really helped to get us through a very bad financial period. Thanks again!"
(J. G. Operations Manager)
"Thanks to you I can sleep again and I can answer my phone again. You were so helpful and kind and there aren't enough words to describe my appreciation. The savings I gained through your program was something I wouldn't have thought could be achieved..."
(E. H. Teacher)
"Enclosed is a check for my final account. Thanks for all your help...it's finally over, but I wanted to let you know that we're so happy we chose your company. We started out scared to death, and here we are paying off our last account. You've been great through this whole mess, and we want you to know that we'll gladly recommend you to other people in the same situation."
(D. H. Administrative Assistant)
"Preston and I cannot thank you enough for all your hard work (HFC-especially) in helping us move towards debt freedom. A weight has been lifted and we are finally free. Thanks again."
(P. G. Systems Technician)
"Thank you for being a caring person and
having compassion and empathy there are so few left in this
crazy world. I know you will have an abundance of
blessings in your life. You have helped us more than
you'll ever know and I feel like we were sent an
angel when we met you. Truly I know it sounds cheesy but it's
the honest truth from the bottom of my heart thank
you."
(B. D. Nurse)
(B.D.
Nurse)