What is Debt Settlement?

Debt Settlement helps consumers by increasing their economic welfare as compared to paying off the debt under the original conditions.

Is debt settlement right for me?

To enroll in our program you must be going through a financial hardship, have at least $10,000 in unsecured debt and have a commitment to being debt free in as little as 24 months.

Will this affect my credit?

Our program will have an adverse impact on your credit while you are enrolled.  Upon completion your accounts will be reflected as “paid” or “settled for less than full” and will no longer factor in your debt to income ratio.  Ask us about our free Credit Repair program rendered at the completion of your debt settlement.

How long does your program take to complete?

Our program can be completed in as little as 24 months. Ideally we like to structure our program to provide monthly payment relief as well as settling the unsecured debt in a timely fashion. In some cases where a client is able to put in a considerable lump sum, it can be as little as few months.

How do you know my creditors will negotiate?

Your unsecured creditors have no collateral to back up the debt.  They have no property to foreclose on or repossess so they are very receptive to the settlement process.  In most cases, it is better for them to take something on the account rather than risk getting nothing.

What is the difference between credit counseling and debt settlement?

Credit counseling is a process by which for a monthly fee the counseling agency will make payments to your creditors. Credit counseling agencies are typically funded by the credit card companies themselves and have little to none vested interest in your success because of this arrangement. Credit counseling also has a derogatory effect on your credit.

When will you start negotiating with my creditors?

We will begin negotiations with your creditors once there are funds available in your settlement account. This usually takes several months for the funds to accumulate unless you make a lump sum payment into your account.

How can I follow my progress in your program?

Your funds will be held in a FDIC insured bank account and information about your account is accessible via the internet . You will also be notified via email whenever there is any activity in your account.

Can I still use my credit cards?

We advise all our clients to stop using their credit cards because it can be detrimental to our negotiations with your creditors.   In addition, our goal is to have you debt free in as little time 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?