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Debt Settlement

Information you should know

In debt settlement, your debts are normally negotiated to an average of between 35% and 50% of your total debt.  Creditors will initially put up resistance before cooperating with a debt settlement offer.  This is why doing it yourself can be extremely frustrating and fruitless.  Skilled and experienced debt settlement negotiators often have rapport with collection agencies and tend to be more successful in obtaining settlements. 

Become Debt Free! 

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Simply fill out our quote form and start on your way to financial freedom.  Whether you are interested in debt consolidation, debt settlement or even an equity line, our debt relief plans can provide the debt solutions you need.   

Call us now for more information. 

Toll Free: 1-866-231-5668

Advantages to Debt Settlement:

• Debt may be eliminated in 2 to 4 years.

• You will save thousands of dollars.

• Your monthly payments may drop up to  70%

• You will only have to make a single payment per month.

Disadvantages to Debt Settlement:

1.  Your credit will be affected in a negative manner.  This type of item will remain on your credit report for a number of years.  Consumers still opt for debt settlement because they find it preferable to bankruptcy.  Usually, the way it is reported on your credit record involves the words "Settled" or "Settled as Agreed" or "Paid as Agreed".  However, all the late payments may remain on your credit report until the statute of limitations runs out.  At that point, credit repair might help to remove the negative marks if the reporting creditor fails to provide documented proof to the reporting agency.

2.  Your creditors will continue to harass you throughout the process of negotiations and you may be sued or even garnished.  However, you can only be garnished by one creditor at a time and in some states, you cannot be garnished at all. 

3.  Most debt settlement programs will only accept you if you have $10,000 or more in unsecured credit card debt.   We have found attorneys that will accept as little as $5,000.   Consulting an attorney prior to entering a debt settlement program is vital.  Call us to learn more. 

This debt relief option should only be selected when you know that you cannot afford debt consolidation and you do not wish to file bankruptcy.

This information is subject to periodic updating.  It should not be relied upon and is not intended to replace any legal advice.  If you need legal advice please consult an attorney.