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Debt Settlement |
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For people who are experiencing financial difficulties, Debt Settlement is the fastest and least expensive way to get out of debt. Debt Settlement is a direct and ambitious approach to debt reduction. It is best suited for individuals who have considered filing for Bankruptcy protection.
Unfortunately, with the recent changes to the bankruptcy laws, most people no longer can qualify for chapter 7 and they have to file for chapter 13. This means that your debt will not be wiped and you are required to pay the debt back in 5 years. Also, legal fees for filing chapter 13 or much more costlier than filing for chapter 7. Regardless what chapter you file for bankruptcy, they are public record and their negative stays on your Credit report for 10 years. Debt settlement has much smaller impact on your credit and the effect would last just as long.
We will negotiate with unsecured creditors (credit cards, retail store cards, medical bills, Collection, judgments, personal loans, etc.) on behalf of you to settle for an amount much less than the balance owed. In return, the debtor will make a settlement payment for the balance owed. Once the debt has been paid in full on the settled amount, we will obtain a letter from the creditors the debt has been "Paid", "Settled".
Creditors are willing to settle the balance of debt because they would rather recover some of the debt rather than losing all of it. Debt Settlement is an excellent alternative to Bankruptcy and in the Creditor’s eyes, if the debtor is under financial hardship and chooses to file Bankruptcy, the creditor would receive nothing. We can negotiate and eliminate up to 70% of your credit card debt!
Then ask yourself this: If you could eliminate your debt without permanently damaging your credit, how much of a burden will be lifted off your shoulders?
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Debt Settlement 
