Debt Settlement has become one of the most effective way to eliminate debt quickly and reduce the amount you ultimately pay back to creditors. Although it has some impact on your credit, it is most likely the best approach when you are behind on your bills already and have no other options.
In most cases creditors are willing to negotiate a settlement to ensure that they get payments and will often accept less than the full amount they are owed. We can only settle these accounts once a client has accumulated enough funds for the creditor to accept a reasonable offer.
Many creditors have changed their approach to collect the money they are owed, sometimes they file lawsuits or have aggressive collection calls made to scare people into paying their debt. Although we cannot avoid this part process because the creditors do have the right to pursue the debt, we will work diligently to settle the account before it reaches that stage.
Creditors may continue to harass because they are intent on collecting the debt, this is all part of the process and although we will communicate directly with them, it may not stop until they get paid.
By accumulating funds in your own account you be following every step of the process and monitoring your progress in the program. Each settlement that is reached will give you an indication of what stage of the program you are, and how many more debts remain to be settled at each interval of the process.
The creditors are under no obligation to accept settlement offers from a debt settlement company, but our success rate along with our experience in the industry provides most of our clients with the solution they have been searching for.
If you’re in need of debt settlement help in the Boston, MA area or beyond, contact us today or request a free quote!