When you have saved at least 50% of the total amount, you start negotiating with your creditors for a settlement.

Creditors are willing to do this because they know that the borrower intends to pay back the loans and not file bankruptcy (in a bankruptcy, the creditor risks losing all monies owed). For you, as the debtor, this also makes sense–you can avoid the stigma and intrusive court-mandated controls of bankruptcy while still lowering your debt balances—sometimes by more than 50%.

The process of debt settlement is not always simple, but it’s one of the most important aspects of clearing your credit. If handled with skill and creativity, debt settlement can make all the difference in clearing your credit. But, if debt settlement is not handled properly, you can find yourself in a worse position than when you started.

How can we help?

Most debt settlement companies follow a single playbook—they put your money into an escrow account and make lump sum settlements with one creditor at a time as the money in that account builds up. The problem is it can take too long to save the money, and this typical approach only resolves debts one-creditor-at-a-time. That may work for the creditor at the top of the list, but other creditors often become impatient. It’s not uncommon for these frustrated creditors to file lawsuits when they’re not getting paid. Those lawsuits make a bad situation worse.

We take a different approach.

We send proposals to ALL creditors at once (not one-at-a-time). We negotiate to reach agreements to pay all creditors during the process. We understand how to be flexible in these negotiations and can make settlements work even with creditors who don’t have the flexibility to accept partial payments. Our many successful debt settlements attest to the benefits of our approach.

As with everything we do, we want to bring you maximum peace of mind so that you can focus calmly on what’s important in life, rather than being bogged down by financial stress.

Contact us for more information on debt settlement. Our experienced team of credit settlement advisors are always ready to discuss this course as a potential solution to your debt problems.