What is Debt Settlement?

Debt settlement is the process of handling your creditors and settling on a fixed amount of the total debt owed to them. Debt negotiation is the specialized activity that drives debt settlement programs -- you might say debt negotiation is the backbone, or core action, of the process of debt settlement.

Here's how debt negotiation works:

1. After you sign up and start our debt settlement program, you begin saving every month to pay off your unsecured debts (such as credit card debt).
2. The amount you save is based on an estimated amount that has been worked out between you and our expert debt settlement advisors and debt negotiators. It is based on an amount that you can realistically save without suffering hardship -- almost always much less than making minimum payments, using credit counseling, or the worst idea -- borrowing money to pay back borrowed money (consolidation loans).
3. When you have saved a certain portion of one of your debts (perhaps 50% of the amount of the debt -- the amount you need to save depends on the type of debt) our highly trained and experienced debt negotiators work on your behalf to arrive at a pay-out figure with your creditor.
4. The negotiated amount of the payout can be as much as (actually, as little as) 50% or even less of the total debt.

For example, if you owe a credit card company $5,000, the negotiated settlement might be $2,500. This is a savings to you of $1,500. Obviously, a debt negotiation and settlement program like this is superior in many ways to struggling with minimum payments for 10 or 20 years. Click HERE to find out how!

Call us at 888-364-3815.

Debt Negotiation Gets Results!

When a debt is paid, each creditor reports full payment of the balance to the credit bureaus and issue you a letter verifying a zero balance for the record. By the end of the your debt negotiation and settlement program you will show a zero balance from each creditor and zero balance with each of the credit reporting agencies.

This does not mean your credit rating is now over 700!!. It will take some time to rebuild, but it can take months, compared to 10 years or more after declaring bankruptcy.  You may even begin to see your credit rating improving as you progress through the progam because your debt to income ration is beginning to look more favorable than it did before the debt negotiation program. Click HERE to find out how!

Debt Negotiation Program Qualifications

Not everyone is qualified for debt negotiation and debt settlement. To qualify for our debt negotiation program, you must be experiencing genuine financial hardship, such as loss of work, an unexpected medical emergency, or any one of many other types of situations that have left you in debt over your head unable to make your payments. Creditors will not settle debts for less than the total amount unless you are suffering hardship and cannot meet your obligations.

Secondly, your total unsecured debt must be at least $10,000, which is typically spread across a number of credit cards and other types of unsecured credit.

Finally, you must be able and willing to save at least the amount of debt negotiation funds that you and your credit counselor work out at the beginning of the program. The more you can save, the sooner you will be out of debt.

Debt Settlement - Start Getting out of Debt Now!

As you can see, debt negotiation gives potential savings of thousands of dollars.

Take your first step right now towards a debt settlement program by filling out our free, private Debt Settlement Online Consultation Form.

You can also call 888-364-3815   to set up an appointment for a free, no-obligation consultation with one of our friendly, experienced credit advisors. We are very willing to talk to you and answer any questions you may have.

If you qualify for one of our debt settlement programs, you could be on your way to becoming debt free today!

Benefits of Debt Settlement

Debt settlement is often a better solution for tough financial problems than bankruptcy, credit counseling, and debt consolidation. Debt settlement helps you remain in control of your financial situation, saves you thousands of dollars, and allows you to rebuild damaged credit rating faster.

People who have accumulated a large amount of unsecured debts and are experiencing severe financial hardship are faced with the grim reality that they will probably never see the end of those debts without a miracle -- or bankruptcy. By making only minimum payments, it can often take decades to pay off credit cards and charge accounts.

A recently enacted law raised the minimum payment percentage making it ever harder for many folks to keep up their minimum payments. Click HERE to find out how!