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DEBT REDUCTION

Debt Settlement is the fastest and least expensive option to get out of debt without filing bankruptcy. Also known as debt negotiation, debt settlement is an ambitious approach to debt reduction for debtors experiencing the strains of too much debt and has considered bankruptcy as an option.

We will negotiate with the creditors on behalf of the client to settle for an amount much less than the balance owed. In return, the debtor will make a settlement payment for the balance owed. Once the debt has been paid in full on the settled amount, the creditor will issue a letter to the credit bureaus stating the debt has been "Paid", "Settled", and/or "Settled for less than full amount."

Creditors are usually willing to settle the balance of debt owed if the debtor is under a financial hardship. If the debtor chooses to file bankruptcy, then the creditor would receive nothing, therefore, it is their desire to get some payment towards the balance owed.
(Source: Federal Trade Commission, "Facts for Consumers")

Our typical settlements are able to reduce debts by approximately 40% to 60%. For example, an account with a $10,000 balance may be able to be negotiated down to $4,000. Sound too good to be true? Call us to find out if you can qualify, and exactly what your savings estimate is.*




First Name
Last Name
Phone Number
Email
State
Unsecured Debt $
Financial Goal






The Debt Reduction Program is very effective. Here is a step-by-step overview:

Step 1: Call us or submit your information on our web site for a free consultation. We will assess your financial situation and determine your potential for debt reduction.

Step 2: We will work with you to determine the appropriate monthly dollar amount that you plan to save towards a negotiated settlement. This amount is typically significantly less than your current minimum payments, and goes toward paying off your debt (not simply paying credit card interest charges). These funds will be saved every month in a new account that you set up and control.

Step 3: Once you enroll in the "Debt Reduction Program" we contact your creditors in an attempt to handle future creditor communications. We will assign a Debt Settlement Coach who will be your main point of contact for information, status, and customer service throughout your enrollment term.

Step 4: We will set up a Special Purpose Account which is an FDIC insured savings account. This account is opened for your protection and acts as a trust account. After funds have accrued to make reasonable offers, we begin negotiating with your creditors one by one until all accounts have been satisfied. Typically, we attempt to reduce debts by at least 40% of your current balances. We stay in contact with you to keep you apprised of your situation. Please note, it may take several months of savings before we are in a position to make settlement offers.

Step 5: Once a settlement is negotiated with a creditor, you will be notified by your Debt Settlement Coach of the great news!

Step 6: After the account is paid, we request that your creditors report to the credit rating bureaus that your accounts are "settled in full," "settled," "paid," or "settled for less than the full amount." Either way, you no longer owe on this account and the balance is zero. Congratulations, you are now free of that debt!**