What is debt settlement?
Debt settlement (also called debt negotiation) is a process of negotiating with your creditors to pay off your credit cards and other unsecured debt (student loans, auto loans, and home mortgages are secured debts, and dont qualify) for an amount less than you currently owe, often at a 40-60% savings. You will need to be behind in your payments in order to gain the leverage needed to get the creditors to settle your debts at a reduced amount (if you are making your payments on time, creditors wont want to give you a deal). Typically you will pay the settlement company a percentage of the savings.
Debt Settlement is when an impartial third party (Credit Solutions) works to reach a favorable agreement for both parties (you and your account providers) concerning the repayment of the outstanding debt comfortably. Our debt settlement program is the most effective method to help consumers legally, ethically and morally get out of debt. We work for you not the creditors. Our expert settlors are paid based upon settlement percentages. That means the better settlement they arrange for you, the more compensation they receive. This ensures the settlement team is working directly for YOU and not the creditors, ensuring the best possible results for you and your family. As a result, the absolute best settlement deals are achieved with your best interest in mind. In todays economy, consumers are demanding the most effective means to resolving outstanding debt. Debt settlement offers you an intelligent solution to becoming debt free within a realistic time frame. By reducing your total outsta
Debt settlement involves negotiating with a creditor or creditors to pay off a percentage of your total debts at an agreed upon settlement amount. Often, people choose to utilize the services of a debt settlement company rather than attempting to do it on their own. As a Debt settlement company we employ various negotiation strategies to help settle your debts and can eliminate between 40-60% of your original balances.
