How Debt Settlement Works

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What is Debt Settlement ?

With credit card debt at an all-time high, more and more people need assistance.  Debt Settlement is a consumer debt relief option that is ideal for those who are buried in credit card debt or struggling to make minimum payments to their creditors.  Over the years debt relief programs have become a popular alternative to bankruptcy.

Some examples and financial hardships where it may be good to consider debt settlement are:

  • Struggling to make or behind on Minimum Payments
  • Unexpected Medical Expenses
  • Reduced Income or Job Loss
  • Divorce or Unforeseen Expenses
  • Considering Filing for Bankruptcy
  • Fixed Income – on Social Security

Every situation is different and that is why is important to speak with a debt advisor to make sure that debt settlement is right for you.

 

How Debt Settlement Works?

Step 1 – Speak 

Speak to one of our Debt Advisors and select a plan that works best for your situation

Step 2 – Save

Make monthly savings deposits into your account

Step 3 – Settle

Our team will negotiate new terms with your creditors, and you will authorize payments

Step 4 – Repeat & Celebrate

The process is repeated until all your debts are resolved and it’s time to celebrate!

 

What Debts Qualify?

If you have at least $10,000 in unsecured debt and are struggling to make payments, Financial Relief will work with your creditors and collectors to help you settle your debts for less than what you owe.

Here are some debts that qualify:

Credit Cards * Medical Debts * Unsecured Personal Loans * Unsecured Credit Lines * Private Student Loans * Auto Repossessions * and much more

Here are some Debts that don’t qualify:

Mortgages * Auto Loans * Govt Student Loans * Child Support/Alimony * Taxes

 

If you have at least $10,000 in unsecured debt, contact one of our Debt Advisors today!