Mar. 6th, 2009

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Mar. 6th, 2009 09:43 pm
wlotus: (Photography)
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When I decided to sign up for debt settlement through USA Debt Elimination, I was looking for a way to pay back my debts in a reasonable amount of time, even with the economy being so unstable and my money being much tighter than it had ever been. Let's face it: if you want to remain financially solvent after losing a job, you have to tighten your belt and cut your expenses. I was unwilling to neglect my debts, though. Paying back the money I owe is important to me for moral reasons, not just for the sake of having a clean credit history. So when I learned about debt settlement and had the opportunity to enroll, I jumped at the chance.

When I went through the enrollment process the numbers excited me. Before I was looking at a maxed-out budget and over 40 years of repayment ahead of me. Now that I am enrolled in the program, my monthly payments are $70 less than they normally were, which gives me some financial wiggle-room. Furthermore, if the settlement process meets the conservative estimate the program uses as an example, I will be out of debt in five years. I can't help but dance about that. :-)

It's been exciting to share that information with other people and see them start on a similar path. You or someone you know can get more information, too. As the economy continues to flounder, I suspect debt settlement will become more popular, both with overextended consumers and creditors. After all, creditors would rather get some money than none at all. And who wouldn't want to get out of debt in five years or less?

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