What is Debt Settlement?

Debt Settlement is a process wherein we would negotiate your debts with your creditors so that you would be able to pay your original debt at a lesser amount.

Am I eligible for Debt Settlement?

To be able to get into a debt settlement program, these factors must apply:
You must be undergoing financial hardships (a loss of income), have at least $10,000 in unsecured debt and be committed to being liberated from debt in as little as 24 months!

How will debt settlement affect my credit score?

The truth is that your credit score would be adversely affected while you are enrolled in our program. After completion of your payments, your accounts will be reflected as “paid” or “settled for less than full”. This means that they will no longer be factors when computing your debt to income ratio.

We also offer a free Credit Repair program that would kick in after completing your debt settlement.

How long does your program take to complete?

Our debt relief programs can be completed in just 24 months. It is structured so that you would be able to pay monthly payment relief as well as settle the unsecured debt in as short a time as possible.
There are also situations where it can be significantly shorter. This is when the client is able to put in a considerable lump sum into his account.

Will my creditors agree to negotiate?

Understand that the creditors of your unsecured debt have no collateral to back it up. As such, they are at risk of losing everything if they do not go into settlement negotiations.

They would think that it is definitely better for them to take a settled amount rather than risk getting nothing if ever you would file for bankruptcy.

Is there a difference between debt settlement and credit counseling?

Yes, credit counseling is simply a process wherein they try to give you a monthly plan of paying off your debts. They would tell you which debts to target and pay off first.

The difference is that through debt settlement, we would not only provide you with a payment plan but also try to negotiate your debts with your creditors so that you would not have to pay the entire amount.

When will negotiations begin?

Negotiations between our company and your creditors would begin once there are already enough funds in your settlement account that we have set up for the debt settlement program.

This would usually take quite a number of monthly payments, unless you make a significantly large lump sum payment at the start.

How can I track the progress of my debt settlement program?

You would be able to track your progress by accessing the internet. This is because your funds would be held in an FDIC insured bank account which would allow you to access it through the web. Also, the system would notify you through email if there is any activity in you account.

Can I still use my credit cards?

While you can still use your credit cards, we would advise you not to do so. Using your credit cards while enrolled in our program can have a negative effect on our negotiations with your creditors.
Also, using your credit cards would result in a much larger debt. This runs in contrast to our goal of having you debt free as soon as possible.

What are the states you can work with?

We can legally work in 44 states but we are currently concentrating on the following states:

What types of unsecured debt do you accept?