The financial services industry has often times created the opportunity to create piles of money for those that have learned to master all the ins-and-outs of the game.
I should know, I worked in financial services for a decade.
I saw many good people come and go, but it has also attracted a lot of unsavory businessmen in search of the all mighty dollar.
Debt settlement companies have popped up like crazy over the last few years.
Can you guess why?It's all about Money, and I mean lots of it! If you are thinking about doing debt settlement, consider doing it yourself instead of using a debt settlement company that will take thousands of your hard earned dollars to line their pockets.
THREE Reasons to do your own debt settlements: --Agents that sell debt relief, can make from $100,000 - $200,000 annually (no joke).
How much do you think the attorneys make? --The company snags about 20-35% of what you owe by charging monthly service fees, charginga percentage of what they save you, and by charging an up-front retainer.
--If you can follow easy step by step instructions, you can do debt settlement yourself.
It sounds hard, but if you can follow a recipe to bake a cake or to bake cookies, then you should have no problem doing your own debt settlements.
You will save thousands of dollars and of course you will be debt free a lot sooner because you won't be paying anyone's salary with each payment you make into the so called "attorney trust account".
Do yourself a favor regarding your desire to pay and settle your credit card debts, do it yourself.
It really is quite simple if you take the right approach and get a step by step guide.