When you’ve inquired about a debt settlement, you’ve asked for the help of an outside party. The company is trying to negotiate a lower price to pay, and ultimately you will get a lump sum amount to be paid on a deadline. There are many different factors to negotiating a settlement, and some of them might make you feel uncomfortable. If you’re not good at dealing with people, you might be swayed to take the first offer, which will not be the best offer. Negotiating a settlement in person could come with extra fees, and this can hinder your ability to pay the settled amount. Maybe you want to do it yourself and not have someone tell you what you should be doing. If any of these criteria fit you, you might look into debt settlement software as an option.
If you are looking to get debt settlement software, you are looking to get quality and objective advice. You are not getting a counselor telling you that you must go this specific route to fix your problems, nor are you getting someone trying to make a buck off of your financial woes. Once you download the software onto your computer, you have done business with the company. Other than paying for the software, there are no extra fees involved. The software will have questions about your financial history and it will suggest steps you can take to lower your debt, but ultimately you are making the decisions. By using debt settlement software, you are in charge of how to fix the problem.
The software will also give you valuable legal information in regards to your debt. You will have access to information on your accountability of your debt. The software will also supply statewide information about the statute of limitations to each type of debt and how long until you may be forgiven of the debt. This will definitely come in handy if you have multiple balances.
A drawback to using the software is its automated nature. If you’re not dealing with people, you’re not building relationships with your lenders, and you could actually have trouble getting a loan in the future if there is no positive relationship here. The information you receive in the software is all the information you will get. It can’t answer any questions that are unique to your own situation. The software understands settlement is a process, but it doesn’t take into account that no two financial situations are exactly the same. You might also need to take out a loan to settle a debt and close the account. You’ll have to go to a third party here, and again if you don’t have much of a relationship with the lender, the process may be complicated with an extra set of paperwork.
Ultimately, if you know what you are doing and you don’t want someone else telling you what you should be doing to fix your financial problems, it would not hurt to use debt settlement software. It will give you legal information and suggested pathways, but you are in charge of how the issue will be settled.
He played clarinet for the Marching Tar Heels in 2005 and 2006. He also volunteered for STV, the student-run television station at UNC-Chapel Hill, in the spring of 2010. He shot video, wrote scripts, and acted for “Off the Cuff,” UNC’s longest running sketch comedy show. He has the rare distinction of having lived in a dorm all four years of his undergraduate college career. He was also on Franklin Street on the night of April 4, 2009. His future plans are to pursue a master’s degree in journalism and to one day work for the media as a sports journalist or broadcaster.
Being one of eight children, David realizes finance is an important topic to everyone, regardless of his/her knowledge of the subject. His interests are in personal finance, budgeting, and savings.
In his spare time, David enjoys watching sports and standup comedy, as well as doing crossword puzzles and writing in the first person. He also thoroughly enjoys trivia and, one day, hopes to participate on the game show Jeopardy!, where he will try to break Ken Jennings’ 74-game win streak.