How does debt settlement work?

Debt settlement works in three steps, number one, see what debts qualify for a debt settlement program.

If they qualify, then you wanna set aside a certain amount to save every single month, and that leads me to step two, where your top negotiators will negotiate down your debts on your behalf with the funds in your monthly dedicated savings account, and step three, your debts will now fully be resolved.

Now that you know how debt settlement works, here are a few things to consider.

Number one, not all creditors will settle the same way.

For example, credit unions may want you to settle your debts with a one lump-sum payment, while banks may be willing to settle your debts over a few months to break up those payments.

Number two, set the proper expectations.

It’s important to realize that if you decide to enroll into a debt settlement program, and you have, for example, $25,000 in debt, yet you’re only saving $100 a month, don’t expect to settle the full $25,000 of your debt within six months.

It really relies on how much money you’re putting into your savings account in correlation with how fast you really wanna settle your debt.

So be patient and know that your negotiators are doing everything they can, and doing it the right way.

Number three, certain debts may not qualify for debt settlement.

Certain debts will not qualify for a debt settlement program such as student loans and mortgages.

However, if you have unsecured personal debt that you would like to see if you can enroll into a debt settlement program, the chances of those are better.

It’s also important to know that there is no guarantee when it comes to settling your debts; however, millions of dollars are enrolled into debt settlement programs every single day.

So the chances of certain debts being able to be resolved so that you can start a new beginning financially are pretty good.

And if you would like more information about debt settlement or debt relief, visit us on our website at

How Debt Relief and Debt Settlement Work?

Debt Relief and Debt Settlement is a negotiated agreement by which a creditor accepts less than the total amount owed to legally satisfy a debt.

Settlement programs typically last 24-48 months and are highly dependent on factors such as delinquency, creditor policies, the number of accounts, and the total dollar amount of the debt.

Debt settlement services have existed in some form since the advent of debt itself.

The modern industry has seen significant growth in the 21st century, largely due to the easing of lending requirements by financial institutions.

In addition, today’s borrowers are taking on significantly more debt than their parents had at a similar stage in life and are subsequently paying off that debt at a slower rate.


These large debt loads and slower payoffs, coupled with today’s high-interest rates, mean that without intervention many borrowers could be paying off these loans for decades.

While there are a multitude of interwoven causes for these trends, industry experts point to increased access to larger amounts of credit coupled with a reduction in the social stigma of being in debt.

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Schedule Your Free Debt Analysis

Potential clients speak with a certified debt specialist regarding their financial situation.

The debt specialist evaluates the caller’s financial situation and suggests the optimal debt relief strategy.

Clients choosing to enroll in our debt relief program are then guided through the enrollment process.

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Enroll into Our Debt Relief Program

Signed enrollment documents are processed and the new client receives a call from our team of dedicated account managers to welcome them to the program.

Account managers are available 24/7 and remain in active communication with clients throughout the program.

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Negotiations & Settlement

Our talented negotiations team begins working on client accounts immediately.

When settlement offers are received they are first reviewed for accuracy and then presented to clients for approval.

This process repeats until all client accounts have been settled.

 Debts Resolved!

Your debts will be resolved in a few short years or even months so you can have a new beginning financially. 

Schedule a free consultation today for a risk-free debt assessment. The only thing you have to lose is your debt.