Debt Settlement

Discover how the most commonly known program in the U.S. can bring relief from debt(s).

This program allows you to:

Experience reduced monthly obligations compared to your current payment, offering you financial relief.

Have the control over payments, which will be securely deposited into a third-party escrow.

Work with our experienced team to personalize settlements that align with your specific financial needs and money goals.

How does Debt Settlement Work?

Debt settlement starts with a 3rd party company working with a client’s creditors to negotiate a reduction of debt.

The client stops paying creditors and instead pays a set monthly amount into a neutral ‘savings’ account. That saved money is used to pay down the negotiated debt.

On average -after paying the settlement company- a client will reduce their overall debt by 20-30%.

Everything you need to know about settlement:

Debt settlement or debt negotiation involves reaching an agreement between you, as the borrower, and your creditor. Through this agreement, you repay a portion of your unsecured loan balances, while the remaining amount is forgiven. This can generate a taxable event. Be sure to ask about your tax liability if you work with a settlement company. To facilitate this process, a licensed and bonded settlement company typically arranges the agreement. As the negotiation progresses, the savings on each account can average from 40-70% of the original debt owed before paying the settlement company fees. The length of the program is typically 12 to 60 months, and all settlements are finalized only after you agree and sign off on each negotiated account. Be sure to ask about attorney representation, creditors do file lawsuits on occasion and the settlement company cannot provide legal representation unless the settlement company is a law firm.