In the first three parts of this four part series, we took an in-depth look at debt relief, what you can expect, what is expected of you, and even what the potential pitfalls are.
In this last installment, we will cover a few more issues that people often ask about.
Many people wonder if they will be debt free at the end of the process.
The fact is that with debt settlement, you will be free of all of your unsecured debt, such as credit card debt, medical bills, and any other unsecured loans that you may have.
You may still have secured debt, such as a home mortgage or car payment.
Many people wonder if they will have to take out another loan to pay their current debts with a debt settlement.
The fact is that you do not have to.
You only do that with a debt consolidation.
Debt consolidation and debt settlement are two separate things.
People also wonder why they need to pay a service to settle their debts, if the credit card companies are willing to work directly with them.
The truth is that the credit card companies would absolutely love to work directly with you, because they know that in that situation, they will always win, and you will always lose.
It is never a good idea to settle your own debts.
In fact, you should only consider settling your own debts if you are also willing to perform your own surgery, should you need surgery.
Wouldn't you rather have a professional performing your surgery? Of course you wouldn't.
This is why you need a professional to settle your debts.
Hopefully, the information contained in this series has answered any questions that you may have had concerning debt relief services, what you can expect, and what is expected of you.
In the end, you reach your goal and you can live without that horrifying debt hanging over your head.