Debt Settlement a.k.a Debt Arbitration

Look at settlement if you forsee not being able to make payments in the future, if you have missed payments recently, or if you haven't made payments in some time.  It should always be considered before filing a Bankruptcy.

A debt settlement company will negotiate lumps sum settlements with your creditors for pennies on the dollar. 

Settlement-Pros

Settlement is the quickest and cheapest way to get out of debt other than a Chapter 7 bankruptcy. You can expect to be out of debt in 36 months or less.
You can expect to save 50-60% off of your current balances with your creditors.
You are in control of your money.
No bankruptcy on your record.
Medical bills over a thousand dollars can be included
Accounts in collections can be included
If you are self employed you can not be garnished.
Hit the reset button and start living a debt free life again.

Settlement-Cons

If you are just falling behind when you enter into a settlement program, you can receive calls for about 180 days from your primary creditor.
These programs are for UNSECURED DEBT only.
Accounts under $750 are not eligible.
Your creditors may seek a judgment.
Miltary star cards are not allowed.
IRS debt is not eligible.
Student loans  aren't allowed

WHAT HAPPENS

1.  The first step is to pull together a list of your UNSECURED creditors and balances.

2.   If you already have your list put together, Fill out the form to on the right hand side of this page, and get your free consultation.  If you don't have your list of creditors and balances yet, please pull that information together BEFORE calling if at all possible.

3.  You will receive a consultation to see which of the 5 debt options available to US citizens is right for you. 

4.  If settlement looks to be the best option for you, then we look to see how quickly you can get out of debt, and you will receive an application.  If settlement is not your best option, we will tell you what program is best for you, and if you like, we can refer you to a program that we recommend.

5.  Once enrolled your job is to save your minimum payments every month.  If you can save more, DO IT!  There is no penalty with these programs for getting out of debt early!!

6.  Once you have saved enough money to settle an account, your settlement company will negotiate a deal with your creditors, and the account will be settled out at pennies on the dollar. 

7.  You then repeat steps 5 and 6, until all accounts are settled.