Debt Settlement

This is an alternative that may work if you meet a certain credit profile. It involves hiring a debt settlement professional who will negotiate with your creditors to reduce the total amount of your debt (usually by 50% to 75% of your total debt or negotiate a single payment per month to pay down the new reduced debt balance.

How Does Debt Settlement Work?
Upon being accepted into this program, your creditors should stop calling you and contact your debt settlement company instead. All correspondence from creditors regarding your debt arbitration is directed to your debt settlement counselor. Your Debt Settlement Counselor will negotiate with your creditors with the objective of reducing your outstanding debt balance by 50-75%. Often settlements with your creditors can be accomplished quickly and with a lower monthly payment than other debt resolution options.

Why would creditors accept less than the full amount of your debt?
If you are extremely delinquent on your payments (at least 4 months) or if your debt to income ratio is too high, your creditors regard you as a credit risk. They know that if you file bankruptcy they get nothing, therefore they may be willing to negotiate in order to get back some of their money.

Why Enroll in Debt Settlement?
Debt Settlement is a way for you to settle your debts without the stigma and emotional turmoil and embarrassment of filing bankruptcy. There's no cost or obligation.

There’s no cost or obligation.

To find out more about this or any of the other alternative solutions, please complete this simple form. Or call toll free Monday thru Friday 12pm to 6pm EST at (800) 583-2043 .