What is Debt Settlement?

According to some sources...

Debt settlement, also known as debt negotiation, is an approach to addressing unusual debt issues in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. During the process, debt will increase if you are not making payments and creditors will continue to want payment until settlement is reached

Creditors will not negotiate a reduced balance if consumers continue to make minimum monthly payments. When payments stop, balances continue to grow because of late fees and ongoing interest.

How It Works

Once sufficient funds have been saved, Debt Free negotiates on the borrowers behalf to reduce the overall debt owed to a creditor and then makes the agreed upon reduced payments. Only unsecured debts, such as credit cards, can be handled; some student loans may be eligible, but auto financing and mortgages are not. For the debtor this is one method of paying off debts and avoiding bankruptcy. Debt settlement is generally faster than making minumum payments and less expensive for borrowers than paying interest on the entire balances until debts are paid in full.

Bankruptcy is not the only option. Our goal is to determine the right course for you to take and help you find debt relief with settlement professionals.

• Receive your free quote from one of our professional debt settlement consultants by filling out the request form on the home page.
• For an immediate free consultation call 866-460-3332.
• Your consultant will assess your financial circumstances and will determine if you are a candidate for Debt Frees’ negotiation program.

• Once you are qualified to be in our program, your certified debt consultant will guide you with the proper information and documentation that is needed to begin the program.
• Your debt consultant will determine, with your help, an affordable monthly payment that will be deposited into your own savings or special purpose account, to be set aside for settlement.

• You will be assigned to a Debt Negotiator to begin the debt settlement process.
• Your Debt Negotiator will assist you in the process, provide advice, education and work on your behalf.

We look forward to assisting you on your road to financial freedom. Fill out the request form and start on your journey to a secure future today!