Debt Settlement Analysis and Consultation:
The first step to our debt settlement program is to obtain our free analysis of your current financial situation and consultation with one of our Certified Debt Arbitrators. A Ceritfied Debt Arbitrator will contact you within one business day of receiving your Personal Financial Statement to review our debt program and to explain how debt negotiation and settlement can work for you.
Debt Settlement Program Qualification:
The next step in our debt negotiation and settlement program is qualification. A Certified Debt Specialist will review your information to determine if you qualify for our debt program. In order to get you the best debt settlements, we want to ensure that we can work with your creditors. Your consultant will tailor the debt negotiation and settlement program to meet your individual and unique needs.
Calculate Monthly Budgets for Debt Settlement:
Next, our Certified Debt Specialist will estimate settlements for each of your debts. We then work within your budget to calculate a monthly amount that you need to set aside for debt settlement purposes. We will present your custom monthly plan to you in writing for your acceptance. A trust account will be establish in your name in order to start setting aside funds to settle your account. The next major step in our debt settlement program is the notification of your enrollment in our program to your creditors. Our Certified Debt Specialists will contact all applicable creditors and inform them that we now represent you. This will minimize or eliminate creditor calls and communication will be directed to our debt settlement department. Legally, they may still send you correspondence in the mail. If however, calls continue, you will inform them of our debt settlement program, the Limited Power of Attorney document and direct them to communicate directly with your Certified Debt Specialist. Our goal is to eliminate annoying creditor calls throughout the debt settlement process.
Approval and Payment of Each Debt Settlement:
Your Certified Debt Specialist will negotiate with each creditor while you are in the debt settlement program. Each debt settlement offer will be sent to you for your approval. Once approved, the agreed upon funds will be sent directly from your debt settlement account to the creditor. Your debt will be considered Settled in Full, Settled, or Paid as Agreed. The process will repeat with each creditor until you have completed our debt settlement program and are debt free. The debt settlement program typically takes 12-36 months to complete.