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Get free of debt

August 23rd, 2008 Posted in 7 Step Consulting, Recruiting Mole

Debt sucks. I think most of us know this (except most naive and uneducated college students). At the end of the day that plasma TV you just bought on payments (selling price: $1,500) might cost you $4,000 by the time you pay it off.

That’s insane.

But maybe you slipped up in the past. You see the error of your ways. Or you had a medical or family emergency and had no other choice than to go into debt.

There is a way out. There is light at the end of the tunnel. That light? Freedom Debt Relief. This company’s sole purpose is to help you settle your debt. By settle they mean getting your creditor to accept less payment than what is owed, thus saving you a ton of money.

They share an interesting chart on their home page that shows what you might pay if you had $30,000 in debt:

  • Settlement: $16,000 to $20,000 (so you still pay a sizable portion of it)
  • Credit Counseling: $42,000
  • Minimum Payments: $102,000

Ouch! Look at those minimum payments. Very, very costly. It’s best not to get into debt, but if you’re in a pinch now you might want to take a look at this site as a way out.

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