Cambridge Life Solutions wants you to know there are some advantages of doing our debt negotiation program versus the other debt relief options out there.
(prHWY.com) July 18, 2012 - Canada, CA -- Canada, July 18, 2012 - Cambridge Life Solutions wants you to know there are some advantages of doing our debt negotiation program versus the other debt relief options out there.
1. You may save on the principal amount you owe. For example, if you owe $10,000 to your creditor and Cambridge Life Solutions negotiates the debt down to $4,000. You save $6,000 in principal in addition to over $12,500 in potential interest if you kept servicing the debt. With Cambridge Life Solutions debt negotiation program we focus on getting the debt you owe reduced, not lowering your interest rates. We want settlements as payment in full so our clients can get out of debt the quickest. Its also important to save the most amount of money on their debt possible. Lowering interest rates do help but with Cambridge Life Solutions debt negotiation program reducing the debt down in principal, saves client much more.
2. Doing our program is not publicly listed on your credit report. The words "debt negotiation" is not on your credit report. It is very different then if you did a "credit counseling", "consumer proposal" or "bankruptcy". The options which would publicly display on your credit report that you did that method of debt relief and it would last for years. When you join a debt negotiation program your debts may appear as "late" on your credit report until a settlement is agreed to and paid for. Once the settlement is paid the account may read as "paid", "settled", "settled for less than owed". But nothing is publicly written on your credit report as "debt negotiation".
3. Cambridge Life Solutions offers very short term programs. You can choose anywhere between a 12 to 36 month program. The shorter the term the quicker you get out of debt. Typically the greater savings a client receives in settlements with their debt. There are no prepayment penalties to finish you program sooner. The quicker you save your funds for settlements, the sooner you can become debt free. Many other debt relief programs run for much longer, for example credit counseling and consumer proposal can run 3 - 5 years in length.
4. Another advantage of Cambridge Life Solutions debt negotiation program is that you save your settlement funds in your own chequing or savings account. You are always in full control of your money. We don't take your money and send it to your creditors. Once a settlement is reached we advise you in writing where to send your settlements funds to your creditor. A big advantage by using this method is that consumers start to develop better savings habits because of this. That is the root of the issue typically when it comes to debt. Everyone wants to get out of debt, but it's the spending and saving habits that need to be improved in order to ensure getting into debt again is not going to happen any further.
About the Author:
Cambridge Life Solutions has settled millions in consumer debt and each month that number continues to grow. On average, once we have received a settlement offer from a creditor on behalf of our client it shows over 60% in principal savings. to daily tournaments which would only require small buy-ins but provide whopping jackpot prizes.
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