How Debt Settlement Works

Our debt settlement program is one of the most innovative and aggressive methods to deal with credit card debt. Our clients are typically able to settle their debt by 40 to 60% while ensuring that they will complete the program in around 3 years. This means a single monthly payment that is lower than existing combined payments and a new life in a matter of 36 months. A debt settlement program negates the need to file bankruptcy and does not have the same long term financial effects.

Debt Settlement Approval

If you are interested in enrolling in one of our unsecured debt settlement programs then you should contact our debt consultants. We will then assess your eligibility and our underwriting team will structure a customized settlement plan. This details the length of your program as well as the amount you will be required to pay on a monthly basis. You will also be required to send copies of your most recent statements to ensure proper qualification.

Savings And Negotiation

Once you enroll plan you will set up a savings program.  Money will be drafted from your bank account and placed into an account used for this program.  As savings accumulate in this account it provides us the opportunity to begin negotiating lump sum settlements with your existing creditors.

How We Negotiate

We attempt to negotiate reduced lump sum settlements because these are often the most favorable and offer the client the greatest savings. If you have more than one account outstanding with the same creditor we may negotiate them as one combined account. As each debt is repaid, we inform you how much you have saved, and provide details of the debt that has been satisfied. At that time the creditor reports to the bureaus that the debt was “settled” or “paid”. The creditor then signs letter stating that you are free from any legal recourse and have paid off your debt via a lump sum or other means.