Credit Card Debt?

Irvine, Ca (PRWEB) June 24, 2009 – Although the initial debt was paid, a new, and even more serious, problem has developed. Now, with less equity in their home most people will find themselves struggling with a worsened financial situation.

Why would this happen? It’s simple; behavior modification was not necessary. It is very easy to refinance out of debt with a higher interest rate and/or leveraged property. Unfortunately, this method requires no change be made in the spending patterns of the individual with the debt, and these problems propagate, proliferate, and inevitably worsen.

So, how are individual spending patterns changed? A debt settlement program requires a person to go without using credit cards for 2 to 3 years, which brings about a behavioral modification, simultaneously reducing the debt-to-income ratio and enabling a period for credit restoration.

Debt settlement has quickly become the most sought after method used by mortgage consolidation companies to get people qualified into new home ownership when they have been denied financing as a result of a high debt-to-income ratio.


“A debt settlement program will help change spending habits, reduce debt-to-income ratio, improve credit scores all while becoming financially stable.”

About Newport Financial Services:
The negotiation process has been tested and developed over years by NFS professionals highly skilled in the field of finance and credit card debt. Through the established relationships with creditors and financial institutions, NFS successfully negotiates the debts of our clients at a substantial reduction. Creditors are willing to negotiate a debt with Newport Financial Services, on behalf of our clients, with the understanding that negotiated payoffs are paid in a timely manner.

Contact:
Manny Reyes
Newport Financial Services
888.243.7888 x206
http://www.nfs1.org

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