Integrity First Financial

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Debt Relief Services

How Debt Reduction Services Work

If you are in debt and looking for a way back to financial sanity, debt reduction services may be the solution to your financial problems. Debt reduction or debt settlement involves negotiating an agreement between the individual and a creditor or collection agency to pay off debts at less than the full amount owed. This amount can be as much as half of the full balance due on your unsecured debts.

Professional debt reduction begins with a consultation with a professional debt settlement specialist. During the consultation, the individual circumstances are evaluated to determine if the debts qualify for debt reduction. The factors that are taken into consideration are the income, expenses, debt and ability to save money to use for eliminating debt.

A central part of debt reduction services is to create a budget for long term financial health. Your debt reduction specialist will work with you to create a budget that works with your income, so you can pay your monthly living expenses and save money to get out of debt. This is done in one easy monthly payment that will fit your budget. In addition to getting out of debt now, the program helps you create healthy financial habits for the future.

The budget serves two purposes in debt reduction and future financial health. The initial budget is designed to help you save money that is then used to pay off creditors or collection agencies after debt reduction has been negotiated. The funds paid in the monthly payment are used to negotiate a settlement that is a percentage of the full balance owed, so your debts can be paid off in one lump sum, saving you money and getting you out of debt. Once out of debt, the budget will help you stay in control of your finances.

You learn important financial management skills to help you have a secure financial future. In a debt reduction program, you will learn how to change the way you spend money and follow a manageable budget that will help you to get out of debt now and stay out of debt in the future. This helps you avoid getting into financial trouble in the future once your debt has been paid off.

There are several key advantages to working with debt reduction services. A professional debt negotiation specialist understands the complexities of debt reduction and how to approach creditors and collection agencies to negotiate a favorable settlement. A professional also has negotiation skills and experience in negotiating with creditors.

Debt reduction professionals have established relationships with many of the biggest creditors in the country, as well as many smaller collection agencies. Using these relationships, they are able to negotiate a favorable settlement to help you get out of debt. They know how far to push in negotiations and will continue to negotiate until they get the best deal possible.

If you are looking for professional debt reduction services, call Integrity First Financial Services, LLC. We have debt settlement programs to fit your needs and help you get out of debt. Our programs are tailored to the needs, income and debt of the individual, so we can create a manageable budget for you. Visit our website and contact us to learn more.

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INTEGRITY FIRST FINANCIAL SERVICES, LLC © 2010
60 Lincoln Highway, Edison, NJ 08820
Tel: 732-662-9780 | Toll Free: 866-963-6443 | Fax: 732-662-9781

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