No More Threats: When you’re in debt and delinquent, you hate checking your mail or answering your phone. Going through a settlement means you won’t get any more harassing phone calls or threatening letters.
No More Worry: Debt settlement means your conscience will be clear and you can get on with your life. When you are in collections or severely delinquent your creditors stop being nice to you. Creditors can issue wage garnishment and file for tax refund seizure.
No More Uncertainty: Another reason debt settlement is a good idea is uncertainty will be gone. There will also be no more fear that every penny you make will somehow be slithered out of your hands. Debt settlement means you know what you have to do and what you have to pay to settle these debts once and for all. Uncertainty is stripped away.
Chance to Rebuild: Debt settlement also gives you the chance to start over with your new-found knowledge and begin rebuilding your credit.
No More Debt: Of course the final most over-arching thing about debt settlement is you will have no more debt. The slate will be wiped clean. You’ll also likely be several years off from ever getting a credit card with any kind of high credit-limit. So your choices in the future will be made with the knowledge today.