//www.freedebtsettlementadvice.com

Credit
card debt settlements have seen a significant increase in documented
settlements over the past six months. This is mainly because credit
card companies are being more flexible than ever when it comes to
negotiating a debt settlement. Creditors are not being generous because
they are feeling charitable.

They
are being generous because delinquent accounts are increasing at an
alarming rate and they are downright scared that they will never
collect a penny from many accounts. They are therefore agreeing to
credit card debt settlements that were unheard of just a year ago. If
you are in at least $10,000 in unsecured debt it would be financially
wise to hire a debt settlement company to negotiate with your creditors.

Credit
card debt settlements are currently being negotiated in the 60% range
on average. This means that on average consumers are able to eliminate
60% of their unsecured debt with the help of a debt settlement company.
This figure used to be around the 35-40% range just a year ago but the
recession has put so many people in debt that creditors are having no
choice but to agree to more favorable settlements. They would rather
collect a small percentage of their money than none at all.

Credit
card debt settlements do not go without consequence. Your credit score
will be negatively affected but nowhere near as bad as bankruptcy. This
however will only be temporary and most consumers are able to repair
their credit score within a year or so. If you are willing to accept a
lower credit score to be able to eliminate over 60% of your unsecured
debt then a debt settlement would be financially prudent.

If
you want to get out of debt and hire a debt settlement company for debt
negotiation then I have an important piece of advice. Do Not go
directly to a particular debt settlement company but rather first go to
a debt relief network who is affiliated with several legitimate debt
companies. In order to be in the debt relief network, the debt
settlement companies must prove a track record of successfully
negotiating and eliminating debt. They must also pass an ethical
standards test. Going through a debt relief network will ensure that
the debt company you are provided with is a legitimate and respected
company. This is the most efficient way in finding the best debt
settlement companies and increasing your chances of eliminating your
debt.

FreeDebtSettlementAdvice.com
is one of the largest and most respected debt relief networks on the
marketplace today. To find a debt settlement company through
FreeDebtSettlementAdvice.com check out the following link:

Free Debt Advice(http://www.freedebtsettlementadvice.com)