Free Debt Settlement – Is It Really Free?
The first rule of economics, “There is no such thing as a free lunch.” This rule should be remembered, but often it is not.
No matter what you are talking about, your time, energy, money, or trust are all costs of doing business. No matter if there is a monetary exchange or not.
Aurora Lillo Editor of the “Best Debt Relief Programs” website — http://www.BestDebtReliefPrograms.net — pointed out;
“…So to answer the question simply, no, free debt settlement is not really free. Marketers to try to entice the public into using their products and services use the word “Free.”…”
It is not free, your time is valuable, and the time you spend looking over their information is time spent. So what do all of these “Free” debt settlement offers really mean?
Free debt settlement is usually not free, but some services may be free. For instance, the agency may not charge for the negotiation portion. They want to make sure that they can actually help you. Expect though that you will be charged a fee during the settlement or payment period.
Each agency will have its own fee schedule and ways of billing. Some agencies will charge a flat fee per month while others may charge a percentage. It is important for you to understand how the agency makes money.
Even if the agency is a non-profit, they still must make money to pay for their expenses. They may actually collect a fee from the creditors. If they do, know that you will end up paying more for your settlement, because the creditors will add their payment to the agency into the final debt amount.
Remember the first rule of economics, “There is no free lunch.” When you see the word “Free,” you need to look to find out how the consolidation agency is getting paid. By law, they must reveal all fees and penalties.
“…They should also reveal the final cost of debt settlement. You must read over all contract information, make sure that you understand it, and most importantly ask questions. While you may not get it for free, you will be able to save yourself a bundle…” added A. Lillo.
Further Information By Visiting; http://www.BestDebtReliefPrograms.net
Hector Milla runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.
Article Source:http://www.articlesbase.com/debt-consolidation-articles/free-debt-settlement-is-it-really-free-1615470.html
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December 23rd, 2009 at 12:19 pm
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