Find Solutions to Help You Get Out of Debt and Avoid Bankruptcy

About Debt Settlement

If you need debt relief and you have quite a bit of debt (usually over $10,000 on your credit cards), you should consider working with a reputable settlement company. Debt settlement is an effective, legal, and ethical way to achieve relief. A good program will have you free of debt in 12 to 36 months, with settlements that can range anywhere from 25% to 65% of the total balance you enrolled. While it will have an initial negative impact on your credit, it will not be nearly as bad or long-lasting as filing for bankruptcy, falling behind on payments, or doing nothing at all.

When considering a settlement company, make sure you work with one that is certified and has a good reputation. Ask several questions, such as how their program works, the fees you will have to pay, how long they have been in business, etc. Check them out with the BBB. Ask for references or referrals from people who have completed their debt settlement program. Be cautious if you are asked you to pay a large sum upfront. Try to pick a company that only charges you when they have successfully settled one of your enrolled accounts. If you would like assistance, please complete the form in the upper right of our page.

How Debt Settlement Works

First, work with a counselor to determine if settlement is right for you. You can have a certified settlement counselor contact you by completing the form to the upper right of the page and choosing $10,000 or more in unsecured debt.

Upon enrollment, the debt settlement consultant will help you to collect the financial information that will be needed. Once the information has been gathered, the consultant will create a plan of action, and set up a special purpose account, with a low monthly payment. This account will hold the money used to pay your creditors.

Your consultant will then assign you to a certified negotiation Officer. This person will help you with advice and guidance to reduce creditor harassment. The officer will also begin negotiations with your creditors, in an effort to settle for less than what you owe.

As settlement offers are received from your creditors, the funds you have paid into your special purpose account will be used to pay them the full settlement amount. A document will then be sent to you from your creditor stating that your debt has been fully paid. This is repeated for each creditor, until you are debt free.

Once all of the debt you have enrolled in the settlement program has been paid, you will be given additional instruction and advice to improve your credit and be directed towards a financially secure future.

What Debt Qualifies

Below is a list of the types of unsecured debt that will apply for a settlement program. A total of $10,000 or greater will allow you to qualify for settlement services. However, if you only have credit cards, and have less than $10,000 in total balances, then please see our Credit Counseling page. If you are unsure, and would like to speak with someone about your situation, then please fill out the form to the top right of the page.

Qualifying:

  1. Credit Cards
  2. Store Credit Cards
  3. Hospital Bills
  4. Unsecured Bank Loans
  5. Personal Loans

Non-Qualifying:

  1. Mortgages
  2. Auto Loans
  3. Taxes
  4. Student Loans
  5. Payday Loans
  1. Types of unsecured debt include: credit cards, personal loans, gas cards, department store cards, apartment lease judgements, medical bills, etc. Secured debt such as your home or car cannot be included in the program. However, if your car is repossessed or you foreclose on your home, our partners may be able to resolve what you still owe on those loans.
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All debt relief consultations are provided for free,
with no obligation required.


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