What is debt settlement?
Debt settlement is a process by which your creditor is contacted and your debts are negotiated for repayment at an amount less then you owe.

What types of debts do you negotiate?
Credit card debt, medical debts and personal judgments. Student loans, auto loans and mortgages can be settled but the process is more complex and extensive.

Who is eligible for debt settlement?
If you have outstanding credit card bills, medical bills, payday loans and personal credit union loans are office will assist with representation.

How much debt must I owe to receive assistance?
There is no set amount. However, if your debt is less than $500, we recommend you consider contacting the creditor, but if you prefer our assistance we negotiate the debt.

How is debt negotiated?
We negotiate with creditors to reduce the amount owed on the debt and the agreement is put in writing “Stipulated Agreement”, which will explain the terms of the agreement by which payment arrangements will be made and executed over a period of time. We settle debts with our clients payment benchmark in mind as our goal is to create a positive outcome for all parties involved.

What are your debt settlement service fees?
All initial consultations are FREE. We charge a fee of $99.00 per month. Your first month fee includes a debt consultation, a review of all creditor correspondence related to the debts you want settled and an outline of our settlement strategy and goals. If your debt requires that the we file an Entry of Appearance and Answer to a Complaint you received from the creditor you will be assessed a flat fee of $150.00 plus the first month introductory fee of $99.00. Thereafter, you will be assessed a fee of $75.00 per month until the debt has been resolved and an agreement is in writing.

How long does the debt settlement process take?
This can be tricky as it depends on the amount of debt outstanding, age of the balance, the funds you have available to go towards the settlement and how much time you need to save additional funds for the settlement. The most critical factor in the process is the creditors willingness to negotiate a settlement amount. Our office normally will settle a debt within 2 to 6 months depending on the complexity of the case. Our objective has always been to have the debt settled as soon as possible.

Will your office be able to stop any legal action filed against me?
It is possible but it depends on how long the creditor or collector has been attempting to collect on the debt. If you are worried about your credit report, keep in mind that collection items may only be reported for up to 7 1/2 years from the date you fell behind with the original lender.

Can I negotiate my own debt settlement?
Yes. Anyone who owes a debt can start the settlement process by contacting their creditors. Many people choose to hire a debt settlement company or an attorney because of the experience factor. Others simply do not want to negotiate with creditors.

Are there any tax implications if I have my debt settled?
A debt settlement could become a taxable event under the Discharge of Indebtedness rule from the IRS. The IRS may view your debt settlement as a form of income. We strongly recommend you consult a qualified tax professional to determine if debt settlement will impact your financial situation.

Do you guaranteed success on my case?
No. Not even the very best debt attorneys or debt settlement companies or can guarantee success. We define success by whether our client is happy with the resolution of their case.