Does Your Debt Have You Stressed Out?
Are you tired of the harassing phone calls and threatening letters?
Our Debt Settlement services stop harassing collection calls and settle outstanding debts for a reduced price. We work with your creditors to come to a fair agreement to have you debt free in 24 to 48 months!
Stop Harassing Collections
Settle Outstanding Debts
Be Debt Free in 24 to 48 Months!
What is Debt Settlement?
Debt settlement is the process of negotiating with your creditors to reduce debts . After your debts have been negotiated, they get paid off for a lump sum payment. When a settlement occurs, the creditor agrees to forgive a percentage of balance. In most situations unsecured debts can be negotiated and settled.
What Can I include in Debt Settlement?
Debt settlement can include unsecured debts. These are debts that are not secured by real assets such as a home or automobile. Unsecured debts are more often willing to settle since there is no collateral. Without collateral there is nothing to repossess which makes collections harder. Here are some of the unsecured debts that we can include in your debt settlement.
Deficit Balances on Repo’s
Charged Off Accounts
Unsecured Installment Loans
We are happy to talk with you about your personal situation to see how we can help you.
What Happens in the Debt Settlement Process?
During the debt settlement process there are several things happening at the same time. Here are the steps to the Debt Settlement Process:
Step 1: Information and Setup
The first step is to collect all the information on the accounts that will be in debt settlement. We will work with you to identify the accounts and our recommendations.
After we have collected the information on the accounts, we will setup your file. This includes assigning you to a specific representative to walk you through the program. You will also receive login information to our software so you can follow your progress.
Step 2: Creditor Notification
The next steps is to notify your creditors that you are working with a debt settlement company. We send notifications to your creditors which directs calls and collection activities to us.
During this step collection calls and demanding letters usually decrease. No more harassing calls or threatening letters, we handle the communication with your creditors.
Step 3: Savings and Accrual
After the enrollment process and notifications, start to save for the settlements. We will work with you to set a monthly budget to apply towards your settlements. We put the payments in a secure account that you can see the balance.
The savings process can take 24 to 48 months. It is important that you are in a position to keep making these payments. The longer it takes to save, the more likely collection activities may start up again.
Step 4: The Settlement Process
Once your balances get high enough we will begin the settlement process. We take a systematic approach to decide which accounts to pay off first. Our goal is to maximize your savings and reduce the debt in the most efficient way possible.
Settlements can take time to negotiate. This depends a lot on your creditors and their willingness to work to settle the accounts. While this can be frustrating, it is a normal part of the process. Our years of experience helps reduce this stress and frustration for you.
Step 5: Graduation and Clean Up!
The final step in our Debt Settlement is to take you through the credit repair process. Our credit repair services ensure the accounts included in debt settlement are accurately reporting.
Our goal is to have your debts settled and credit scores improved. With the combination of these services you have the best chance to do this!