Best Debt Settlement Company Around

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Boston, Massachusetts, United States of America (Free-Press-Release.com) January 15, 2012 -- Computer salesman Dennis F. tried to build a real-estate empire -- and wound up with $270,000 in credit card debt he couldn't pay.

Dennis, who asked that his last name not be used, hadn't counted on the high vacancy rate and tenant-caused damage that plagued his properties: two condos in Chicago and a 22-unit apartment complex in Phoenix. At one point, he said, he was shelling out $20,000 more a month than the properties were taking in.

The Vista, Calif., man tapped his 401k, drained his children's college savings and used 0% credit card offers to keep the properties afloat, eventually carrying balances on 13 cards. But then he was a day late with a payment. His interest rates soared, and collectors began to call.

"They're brutal," Dennis said of the calls, which sometimes came every 15 minutes. "They were like, 'You need to give us $80,000 today.' "

Dennis attempted, and failed, to negotiate settlements with his creditors. Then he turned to Public Debt Solutions.com a Scottsdale, Ariz., company that assured him it could do what he couldn't.

So far, so good, Dennis said. Within three months, the negotiator assigned to Dennis' case settled a $60,000 credit card bill for $18,000. A few months later, another $60,000 debt was settled for $20,000.

After 11 months in the program, Dennis had settled a total $221,000 of his debt for $75,000 -- and paid Debt Settlement USA a fee of nearly $38,000 for its help.

"Their fee is exorbitant," Dennis said. But the settlements were "a heck of a lot better than I could do. . . . I'm thrilled with what they've done."

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