What Is A Good Settlement Offer In Debt Relief?

Do you wanna know what a good settlement offer is?

A settlement offer is offering your creditors a percentage on the amount that was owed.

For example, if you owed $5,000 and you offered 50% to settle that, then you would pay $2,500.

A good settlement offer is offering your creditors a percentage of what you actually can afford.

Some creditors will take a higher percentage offer, while others will take a lower percentage offer.

But the main point is that you give a settlement offer that you actually can afford to pay that way you can settle your debts for less.

If you are in financial hardship and would like more information about debt relief or debt settlement, browse our website.

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.

[ECONOMIC INQUIRY, 2013]

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.

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.

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.

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.