Is it cheaper to settle debt on your own then though a debt settlement program?
I have a lot of debt and considering settling these debts without a debt settlement company. Their are many debt settlement programs that promise to save you 50% while other companies promise to save you up to 75% of total debt you owe. How can one company be better then the other, after all, in the end all they can do is negotiate and ask for a lower amount as settlement. I also bought a Ebook that teaches you how to settle credit card debts and payday loan debts on your own. It seems simple enough and contains all the letters that you need to send out and takes you step by step to settle your debt. Their are also many well written letters online. Sure they may be more experienced and save you an extra 0-0, but with the cost of the programs sometimes exceeding ,000, the amount you did save is just going towards the debt settlement program. I’m guessing that debt settlement program is for people that don’t want to dealer with creditors at all because they answer all the calls, send out all the letters such as debt validation letters, and do all the negotiating for you. Whats your opinion.