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Debt settlement is a deal, agreement, or negotiation that allows the creditor to relieve part of a debt. It's a debt negotiation. You may also qualify for a debt forgiveness, which is finding out if the lender can forgive all or some of the balance borrowed. This can either slow or stop debt growth and provide debt relief, or a debt cancellation. So being apart of a debt settlement program can help decrease the cost of debt. If you're suffering from enormous amounts of debt and tired of owing payments to collectors, below are 2 debt settlement companies that provide debt relief for people in debt. Make your appointment and start your settlement faster than you can imagine.

Settlement Company #1 - Recommended for slashing mortgage debt in half: Financial Literacy Group

With the Financial Literacy Group, information will be provided on how to cut down your mortgage debt by nearly half. You will get the opportunity to accumulate wealth, learn personal finance, and go debt free in the next 5-7 years. Erase up to 80% of your interest payments, and close the wealth gap today! Financial Literacy Group deals with loans covering credit cards, mortgages, personal loans, car loans, student loans, medical bills, and business debt. Qualifications include, you must live in the United States. Must have a valid phone number, and must have a minimum debt balance of $25,000 in unsecured loans or more.

Pros and Cons of Financial Literacy Group:

Pros: Accredited by the American Fair Credit Council. A lead consumer advocate with the strictest code of conduct in the industry. Has saved Americans over $2 billion in interest payments. Financial literacy is a BBB Accredited business. They provide personal finance eLearning courses. Free booking consultations for credit improvements and debt eliminations. Speaks Spanish.

​Cons: None Reported

Settlement Company #2 - 5 stars for credit, unsecured, and tax debt issues: CuraDebt

CuraDebt has been helping individuals and small businesses for more than 19 years nationwide making them the oldest and most experienced in the debt relief industry. They have been rated as #1 among debt settlement and tax debt relief companies by the consumer watchdog. Also a leader in customer reviews with *five star ratings* across debt relief companies. Qualifications include, must be employed. Must be 21 years of age or older. Must have a valid phone number, and must have a minimum debt balance of $10,000 in unsecured debt or tax debt. The loans that CuraDebt handles are IRS and back taxes, credit card debt, medical bills, collections and repossessions, personal loans, and business debt.

Pros and Cons of CuraDebt:

Pros: CuraDebt is Accredited by the American Fair Credit Council. Rated #1 with Top Consumer Reviews for tax debt. Experienced, with more than 20 years. Excellent client satisfaction.

Cons: Does not help with lawsuits, utility bills, auto, student loans, government loans, mortgage or home loan debts. Service Not Available to residents of: CT, ID, KS, LA, ME, MT, NH, NV, OR, SC, TN, UT, VT, WV, and WY. No tax service for residents of PA and PR

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When you mount debt on your credit card daily, weekly, and monthly, it becomes difficult to keep payments under control, while interest compounds grossly, then that's the time to seek the experts. When you have a bank mortgage and other debt compounded with credit cards, you get deeper in the whole as interest grows and principal payments suffer, and that's when you need a debt settlement expert to help you. Make your move, start saving, and work toward eliminating your debt the correct way. 

Paying off debt may increase your credit score.

As long as you pay off debt, your credit will improve. Its okay to have debt as long as you pay it with your cash flow, then your credit rating will increase. So if you get into a problem with your debt, its best to settle instead of going bankrupt. Because claiming bankruptcy is too expensive. You might have to pay a bankruptcy attorney to handle your case. So take advantage of these programs to settle your debt. A cheaper solution today can provide relief towards your future.