http://finance.yahoo.com/news/Buffalos-debt-collectors-apf-2226423347.html?x=0

Instead of dealing with the harassing debt collectors, SYD Financial can give you peace of mind, with our experienced negotiators working with credit companies to settle your debt for just a fraction of what you owe.

It sure beats the alternative … having to deal with tough-guy tactics from collectors trying to strong-arm people in financial distress.

In order to make the right choice, there are several important things to keep in mind. The main objective of a debt settlement company is to provide an alternative but legal option that will allow you to cut down on money owed to your creditors. They serve as the go between you and your creditors, handling all distressing communications from creditors, and negotiate a reduced amount that you can afford. The debt settlement company creates a savings account for you, that allow you to make monthly payments to that account, and at the allotted time once the amount agreed with creditors is reached, a lump sum payment is made to them. This allows the customer to obtain relief, while still enabling the creditors to receive some money back.

It is vital that one chooses the right debt settlement company, that is reputable, trust worthy and reliable. One with glowing testimonies from previous and current clients, and also one that has a clean record with the Federal Trade Commission, and the Better Business Bureau. The company’s ratings there should be able to speak for it. It is also imperative that the debt settlement company is one that provides detailed answers, and allows you to make mutual informed decisions. While the majority of debt settlement companies charge an advance fee for their services, a good debt settlement company will be able to settle on a suitable amount that you can afford, and not necessarily the entire fee up front.

It is also critical to find a company that is professional, skilled, yet understanding and personable. One that is able to work on your own individual case and able to express empathy if yet another minor financial crisis comes up even during your repayment period. It is essential to make educated and well informed decisions to guarantee your pass to the fast track of debt relief.

SOURCE: SYD Financial
For more information on SYD Financial, please visit:
http://www.sydfinancial.com

Through their current holiday debt giveaway, a lucky person can win their debt settlement service at zero cost. There are no entry fee requirements, and any US citizen over the age of 18, with more than $10,000 in unsecured debt should be able to qualify. Only one entry is allowed per person and entries will be accepted until midnight eastern standard time, on Friday January 15, 2010.

For more information on the holiday debt giveaway, please visit:
http://holidaydebtgiveaway.com/

For more information on SYD Financial, please visit:
http://www.sydfinancial.com

Through their current holiday debt giveaway, a lucky person can win their debt settlement service at zero cost. There are no entry fee requirements, and any US citizen over the age of 18, with more than $10,000 in unsecured debt should be able to qualify. Only one entry is allowed per person and entries will be accepted until midnight eastern standard time, on Friday January 15, 2010.

For more information on the holiday debt giveaway, please visit:
http://holidaydebtgiveaway.com/

With offices in cities including Miami and Atlanta, I asked senior vice president Jordan Rolband about some misconceptions about the Debt Settlement industry and was pleasantly surprised with what I heard.

Having come directly from the mortgage industry as an officer of a firm producing over $40 million monthly at its peak, Rolband reveals he isn’t too surprised at the financial calamity we currently face.  Beginning in 2006, Rolband explained that banks which once adhered to regimented, strict mortgage underwriting criteria all of the sudden began to add products that – like their sub-prime-based competitors – no longer required  a down payment, verifiable employment and income, minimum credit thresholds and at least 5% in the form of a down payment.  Many of those same once-vanilla banks also began to offer exotic mortgage products that did not require even the full interest payments monthly, and the bulk of those loans were not held by the institutions making them, adding to the risk-taking fervor creating the financial crisis we face currently.

In asking about some of the misconceptions of the industry, Rolband was quick to address widely held sentiments that aren’t aligned with what he sees daily.  “Maybe the subprime crisis is over, but we still have 5/1 ARMs that were issued in 2006 which won’t adjust until 2011.  When they do adjust, borrowers will be looking at interest rates that could well be % higher than what they were accustomed to paying.  Given that most of them are upside down in their loans, they won’t be able to refinance, which creates a frightening new house-of-cards!”

Asking about clarification on statistics widely quoted in the media, he was also quick to dispel some of those inaccuracies as well.  “You’ll often read that the average household has $8000.00 in credit card debt, but our average client comes to us with over $38,000.00 in credit card debt.  While we are obviously dealing with a narrower base that is inherently more cash-strapped than the average U.S. household, the official unemployment rate is just under 10%, and between newly unemployed individuals coupled with mortgage interest rate resets, I expect that $38,000 figure to vault still higher.”

Questioned about his perceptions of the future of the Debt Settlement industry, Rolband was less eager to volunteer too many specifics.  “In early December, the FTC is going to have their third series of round table discussions focusing on protecting consumers in the area of debt collection, litigation and arbitration.  After the round table is held, I’ll be in a better position to forecast what I would reasonably expect in the way of trends and options going forward,” stated Rolband.  “The FTC is clearly motivated to arrive at standardization and uniformity within the industry, and I support those efforts.”

Responding to my request to offer final sentiments that convey what the industry offers and how it might be something you or a family member want to consider, Rolband simply stated “Debt Settlement is certainly not for everyone.  Just because you have a lot of debt doesn’t mean that you should be speaking to people within my firm.  But Debt Settlement is certainly something those facing a job loss, a severe and costly medical condition or a variety of other reasons that make it virtually impossible for them to pay back a debt.  In those cases, we want consumers to know we are here and happy to hold their hands every step of the way.”

Last month, Bank of America, another large card issuer, said it is testing annual fees ranging from $29 to $99 on a small number of card holders, which may include some who pay their bills in full every month.

With the rest of the Credit Card Act of 2009 taking effect next February and more regulations to come, card holders are likely to continue being affected by rate and fee changes. “We’re not done yet,” says John Ulzheimer, president of consumer education at Credit.com.
Settle your Debt SYD style

The U.S. economy finds itself at a strange juncture: top economists are mostly in agreement that the great recession has ended — yet the creation of jobs will lag behind and take significantly longer to fully recover. During this time period consumers find themselves in a credit crunch like never before.

Credit Card Debt is being addressed by many like never before. The Federal Reserve is reporting that overall consumer debt has dropped for the 7th straight month. The recession has been a real eye-opener. Yet others are sorely in need of help. This is where debt relief comes in.

Debt Relief comes in the form of many programs and services and there really is no one-size fits all type of deal. What works best for one’s circumstances and financial situation might not necessarily work well for another’s situation. While many consumers believe they are familiar with bankruptcy, many do not have an understanding of the harmful repercussions of a bankruptcy filing.

Bankruptcy causes the filer’s credit score to hit an all-time low. The bankruptcy will remain on the public record for up to a full 10 years in many states. During this time, obtaining any sort of credit will be next to impossible. They would be required to pay heft deposits on any future home utilities ordered (gas, electric, water, cable, phone, etc.) They would be denied an apartment rental. And they could very well be denied a job, as more employers are performing credit checks as part of their routine job applicant screening process.

Debt Settlement however is able to achieve great reductions in credit card debt — without the collateral damage of a bankruptcy filing. This program works by a debt settlement firm negotiating with the consumer’s creditors in order to extract concessions in the amount of debt that is owed. In almost all cases, debt settlement is able to achieve 50% reductions in credit card debt, with 75% reductions in credit card debt a very real possibility. This is true debt relief.

Call us today at SYD Financial at 866 364-9161 for a free consultation!

Debt Settlement Company puts an end to multiple unsecured debts and consolidates all of them into one. This way the payment becomes much easier and lower with low rate of interest. Debt settlement really seems to work well with monthly payment reduced by 30-40%.

Debt settlement services usually deal with the unsecured debts when the creditor does not have any collateral that they can lay claim on when you fail to make the due payments.

Professional debt settlement companies set up payment plans according to your resources of income and repayment capacity keeping your lifestyle in mind all the way. Hiring a debt settlement company in time will help you to get out of debt and bankruptcy kind of situation. 50% or more of the debt is negotiated with the creditors bringing the repayment amount very low.

You finally attain financial independence, peace of mind and tend to lead a more balanced lifestyle. The biggest emotional benefit is the stop of harassing phone calls from the creditors.

Making minimum monthly payments will take years to pay back. Simply hire a debt settlement company and solve your entire debt related problems professional and planned manner.

Call SYD Financial today at 866 364-9161