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Debt Settlement is an alternative to bankruptcy.



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  1. Back to Home>>Helpful Articles>>Save Money with Debt Settlement

    How much money can you save using a debt settlement company?

    Let’s discuss the short and long term costs and benefits of opting for a debt settlement plan:

    Short term costs can include:

    • Fees to activate the program
    • Monthly fees
    • The time and resources it takes to rebuild your budget, negotiate with creditors, and learn how to maintain a debt free lifestyle

    Short term benefits of a soundly managed debt settlement approach can include:

    • Reduced credit balances, fees, interest rates, and other costs.
    • A deeper understanding of how to keep your money organized.

    It’s difficult to say in general how much a program can help you save. Factors that can influence this amount can include:

    • The flexibility of your creditors.
    • The age(s) and size(s) of your debt(s).
    • Terms (rates, fees, other costs) associated with your debts.
    • The number of past due accounts you have.
    • Your ability to generate new income and/or liquidate assets to pay down bills.
    • Your ability to take advantage of tax credits.
    • Your tax liabilities associated with the debt settlement.

     

    When assessing whether to work with a settlement company, consider the long term costs and benefits also. If you fail to halt the progress of your “debt spiral,” you may suffer intangible consequences, such as increased fatigue, anxiety, and depression.

    By investing now in the tools to manage your debt effectively, on the other hand, you’ll learn how to negotiate with creditors, how to build a working budget, how to resolve problems with your credit reports, and how to dig yourself out of subsequent debts.

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Individual results may vary and are based on ability to save funds.
Debt Settlement program does not assume or pay any consumer debts, and does not provide tax or legal advice.
Program is not available in all states. Please read and understand all contract terms prior to enrollment.

Our program is available in the following states: Alabama, Alaska, Arizona, Arkansas, California, Delaware, District of Columbia, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Mexico, New York, Oklahoma, Pennsylvania, Puerto Rico, Rhode Island, South Dakota, Texas, Utah, Virginia