What type of Debts can not be enrolled into a Debt Settlement Program?
There are very few types of debts that can not be enrolled into a debt settlement program. Debts that are classified as secured debts will not qualify. A secured debt is any type of debt that has collateral assigned to the credit card or loan agreement. Secured debts do not qualify for a debt settlement program because the creditor will typically seize the collateral and heavy penalties will be assessed to the consumer to recovery the collateral. If the collateral has already been reposed by the lien holder or credit grantor and they are coming after you for a deficiency balance, we can enroll this debt as there is no longer collateral. It is best for you to consult a Debt Specialist so they may review your financial situation and advice you of which debts are considered secured and unsecured. In general, secured debts include auto payments, mortgage payments, student loans, taxes, jewelry accounts, and any type of real estate. In the event that the collateral has already been seized s
