Debt Settlement

Debt settlement is designed for consumers who are overwhelmed with credit card debt or considering bankruptcy.  This process is also known as debt negotiations.

Debt specialists usually work for agencies that can negotiate with creditors to settle debt for much less than the original  balance. We help consumers save their money into a settlement fund and then negotiate the debt. Our Debt Arbitrators and Attorneys are trained in various areas where their talents can come in very useful to consumers who are having financial burden or need to avoid bankruptcy. 

Creditors are willing to accept less than the original balance because they are at risk of losing the whole loan if the debtor files for bankruptcy.  Banks understand that they are more likely to receive payment by allowing a settlement for a reduced amount.  Banks are allowed to write off a portion of the amount forgiven in taxes and insurance. 

After the debt is settled creditors will send out a letter to the Client stating that the debt has been paid 0 balance, and they will updated this information with all 3 major credit bureas.