Debt Settlement

What is Debt Settlement?

Debt settlement (also often called debt negotiation and debt reduction) is the legal process of getting your creditors to accept less money than you owe them for your unsecured debts.

When you are financially unable to repay everything you owe, many times your creditors will accept a settlement- meaning an agreed upon amount that will satisfy them. The amount agreed to is legally binding and you are released from further payment obligations.

This process involves negotiations that are usually handled on your behalf by a lawyer or professional debt settlement company who understands the process and often knows the right people to negotiate with inside the credit card companies.

Debt settlement is one solution that is an alternative to bankruptcy that allows you to reduce your debt and become debt free faster than you will be able to do on your own.

We make no guarantees as to how effective we can be in reducing your debt as each case is different but on average clients can save anywhere from 30-60% depending on their ability to pay back the debt at a reasonable amount in a timely manner. Programs generally range from 18-36 months.