Debt is a growing problem for many consumers. It has become easier than ever before to attain credit and take out credit agreements. It is not uncommon for an individual consumer to have numerous outstanding credit agreements – credit cards, personal loans, department store cards, and credit purchase plans are just some examples of the debt we find ourselves in.

Through a debt settlement program it is possible for your monthly payments to be 50% less than the creditors were requiring for a minimum monthly payment, and complete the program in 36 months or less. A lot of debt problems start because the individual has so many payments to make and fail to budget properly. A debt settlement program will negotiate these debts, and requires only a single monthly program payment in their place.

Debt Settlement Eligibility

In order to be eligible for our debt settlement program you must have unsecured debts totaling $10,000 or more. There are other stipulations, such as location and the reasons for your financial hardship – please fill in our debt settlement eligibility form and return it to us so we can determine whether or not you are suited to our debt settlement program.

Unsecured Debts

Unsecured debts do not include mortgages, secured loans, or car loans because the lender can recover any defaulted payments through the secured property. Federally-backed student loans are also ineligible to include in a debt settlement program because the lender is granted rights by the federal government to recover moneys through tax refunds or by levying your bank account without having to first gain a court order.

The First Steps In Our Debt Settlement Program

We will require copies of your most recent (no older than 60 days) statements to help determine your eligibility for our program. Our debt settlement underwriting team will then formulate your program including an estimated monthly payment and term. If you want to proceed with this offer we send out the appropriate agreements and forms for you to sign and return.

Reducing Collection Calls

Calls from debt collectors can create increased tension in an already pressure filled situation. We enroll our clients in a consumer advocacy network who can work with you to try and reduce these calls and potential harassment.

Using Home Equity To Speed Up The Repayment Process

One of the most beneficial ways to embark upon our Debt Settlement Program is through the use of a home equity loan or through refinancing your mortgage. We negotiate payments with your creditors, but by using the finances raised through a refinance or home equity loan it is usually possible to repay the total amount owed in an even shorter period of time.

The Effects On Your Credit Rating

Using a debt settlement program may have a short-term negative impact on your credit rating, largely depending upon the current state of your credit history. If you have a good credit rating then debt settlement is likely to have a negative impact. If you have already defaulted or missed payments then in the long term it may have a positive impact on your credit rating.

The Debt Settlement One Fee

We do charge a fee for our services equivalent to 15% of your total debt. We typically negotiate debt figures so that on average, if you are a typical client with 6 or 7 accounts on the program, you will pay 40 to 60% less than your current total. You will only need to repay around 40% to 60% of the money you currently owe, and that's including the rates for our service. Our fees are spread out over the first 18 months of your payments so you will still have a reduced monthly program payment figure throughout this time as well.

Determine Your Eligibility Today

A debt settlement program often can be a viable option to bankruptcy. The implications normally are not as broad or far reaching, and creditors will often agree to a debt settlement figure because it is also preferable for them when compared to a consumer filing for bankruptcy. To see if you are eligible for a Debt Settlement One program fill in the form today.