Debt Settlement! You have made a bold decision to free yourself from debt and you are to be congratulated.
Debt Settlement is a simple program—but it is not an easy one.
In times like these, financial uncertainty is affecting people who had never thought it possible. Worries about pay cuts, lay-offs and job stability were far from our minds in that booming economy. Today, however, things are much different. Many people who previously were living comfortably within their means are now having problems paying regular monthly bills such as mortgages, utilities or groceries. With the economy on a downward slide Americans today are struggling more than ever to afford the necessities, never mind the excess pressure added by the credit card companies trying to collect their debts. The J. Hass Group is here to help alleviate that pressure and debt settlement as much as possible.
In our customer service department you will find professional, courteous and knowledgeable representatives to help you with any questions or concerns you may have. We know that debt settlement process and we are here to make this as easy as we can Most importantly we want you to know that we are here to help you every step of the way and that you don’t have to go through this by yourself.
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Independent NERA Report which analyzes the effect credit negotiation services are likely to have after an individual completes the negotiation program
This brief report, prepared by NERA Economic Consulting, analyzes the effect credit negotiation services are likely to have on creditworthiness after an individual completes the negotiation program. Credit negotiation may result in improved creditworthiness relative to other alternatives available and may lead to improved credit scores for some individuals after completion of a negotiation program.
First it is important to make distinctions among an individual’s credit score, which usually refers to the FICO score, an individual’s fundamental credit worthiness considered from an economic point of view, and an individual’s ability to access sources of credit.
Debt Settlement: Issuers Slashing Card Balances
Only a few creditors are willing to confirm the practice. Bank of America and American Express say they decide on a case-by-case basis whether to accept less than the full balance. Other card companies refuse to discuss the subject, but their trade group, the American Bankers Association, acknowledges that settlements are becoming more common.
“The creditors would rather have a piece of something now instead of absolutely nothing down the road,” said Adam K. Levin, the founder of the consumer education Web site Credit.com.
“Even in the early stages of delinquency, settlements can be dramatic,” said Carmine Dorio, a longtime industry executive who ran collection departments for Citibank, Bank of America and Washington Mutual.
