http://www.debtconsolidationnation.com/debt-relief/debt-relief-companies.html Here are the reasons that debt relief companies are able to reduce your balances by so much. Be sure to always complete the program debt relief companies place you under, or there could be serious repercussions. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 How do they manage to reduce rates? Many folks around the United States have been emailing us and asking how their balances get reduced so much. First and foremost, we want to be honest. In some cases, people save thousands upon thousands of dollars. In other cases, people only save a few hundred bucks, but they still save. If we told you that there is a definite way of reducing your balances, we would be liars. That's up to the negotiating between your debt relief company and your creditors. Some creditors just refuse to budge. Others are more than happy to receive a decent amount of the money you owe. Here is how the situation often works out between creditors and debt relief companies. During the negotiation process, debt relief companies are sometimes able to convince creditors to waive past late fees and over-the-limit fees. There's no guarantee that this can be accomplished, but if it is, it can result in hundreds of dollars in savings. (Think about it--if each of those fees are $20-$30 each, and the consumer has had more than one, it can really add up.) And if the creditors have reported these accounts as late or delinquent, sometimes the creditors will agree to report them as current when they have received a few on-time payments in a row. Now that is honest debt relief. One downside you should know about debt relief companies is that some future lenders (mortgage lenders, for example) will steer clear of someone who's enrolled in a debt relief program because a lot of people who enroll in these programs don't finish. Instead of completing their debt relief programs, they end up filing for bankruptcy. If a lender gives a loan to someone enrolled in programs from American debt relief companies and even Christian debt relief companies, they think there's a risk of the consumer filing for bankruptcy. If that happens, the lenders don't get their money. So always finish what you started and be confident. Sat, 26 Jul 2008 15:00:00 EDT http://www.debtconsolidationnation.com/debt-relief/christian-debt-relief-companies.html If you are in debt, we recommend that you consider Christian debt relief companies. If you have never heard of Christian debt relief companies, take a moment to read this update. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 http://www.debtconsolidationnation.com/debt-relief/american-debt-relief-companies.html Still need American debt relief companies? Of course you do. Unless you are one of the few that feels that American debt relief companies are unnecessary. Which one are you? en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0