How Does it Work?

Financial freedom is just a click away

What is Debt Settlement?

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, number of accounts, and total 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 due in large part to the easing of lending requirements by financial institutions. In addition, today’s borrowers are taking on significantly more debt than their parents at a similar stage in life and are 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.
Debt Settlement Calculator | Alleviate Financial

Debt Relief Assessment

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 walked through the enrollment process.
Use Our Debt Settlement Calculator | Alleviate Financial

Account Management

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.
Talk with Us About the Debt Settlement Calculator | Alleviate Financial

Negotiations & Settlement

Our talented negotiations team begins working on client accounts. 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.

Graduation

Upon completion of our debt settlement program our clients receive a completion certificate and engage in a “Dropped the Debt” graduation ceremony!