Tied Down by Debt?
Creditors increase the pressure upon you by trying to get any payment they can, even though it may not even cover late fees, penalties, and interest expenses that make it impossible to keep your head above water. Like many Americans, you intended to pay back your debts on-time, but simply cannot afford the payments in today’s financial climate. Rather than permanently damaging your credit, Senior Debt Settlement Specialists will show you how to settle your debt.
Want Help With Your Debt?
Tired of the harassing phone calls and letters from creditors? Have you been looking for a way to start over without having to declare bankruptcy? Start right here. Our FREE service will connect you to the Expertise and Information you need. Senior Debt Settlement Specialists are standing by to provide you with options to reduce the total amount of debt owed so that you can move on with your life.
How Debt Settlement Works
Debt Settlement companies negotiate with creditors and collectors, on your behalf, to settle your unsecured debt (debt from credit cards, retail store cards, medical bills, personal loans and any debt without any type of collateral on it) for less than the amount owed. All you have to do is pay the balance in an arranged schedule. When the debt is completely paid, the creditors issue a letter to the credit bureaus.
Why Creditors Accept Settlements
Creditors are willing to settle your debt balance if you are having financial hardships. This is a fantastic alternative to Bankruptcy since the Creditor has the possibility of receiving nothing if bankruptcy is filed. It is a winning situation for both sides and allows you to move on with your life without debt.
Quick FAQ
What is debt settlement?
Debt settlement is when a creditor agrees to accept less than what is owed to satisfy debt. It usually involves negotiations between you and your creditors. These negotiations are often conducted on behalf of the consumer by a professional debt negotiator.
To learn more about Debt Settlement, click here to visit our FAQs.
Quick Terms
Credit Card Debt: The amount gathered and owed to a lending organization for funds borrowed.
Debt: The state of owing something, usually money, to a person or company for something borrowed. Debt can be a loan, bond, mortgage or some form of repayment that involve terms and interest requirements.
Unsecured Debt: Debt that has no collateral (assets) associated with it.
To learn more about Terms used by Debt Specialists, click here.
National Debt Solutions does not provide debt related services, but rather is a matching service that seeks to connect consumers with unrelated companies that provide debt or credit related services. National Debt Solutions takes no responsibility for the quality of the services you may receive.
Once you have completed this expression of interest, your information will be sent to participating debt specialists. One or more participating debt service providers will contact you by telephone. Your information may also be sent to other service providers. By submitting your expression of interest, you are consenting to receive telephone calls even if you are currently on the do not call list.
National Debt Solutions seeks to connect consumers with companies that provide a variety of debt or credit-related services. Claims regarding potential results above may apply to one type of service but not another. This includes, but is not necessarily limited to, claims regarding: amount of or time frames for debt reduction, reduction of fees, interest, interest rates and effect on creditor calls. Claims regarding potential reduction in payments refer to the aggregate of all payments, and not a reduction in individual monthly payments. None of these services assume or pay your debts for you. With the exception of the initial consultation, debt related services are not free. Not all consumers may be eligible for debt reduction.
National Debt Solutions does not provide tax, legal or investment advice. Debt or credit related services may or may not meet your needs, and may involve risk. Creditors may continue debt collection efforts, including phone calls, letters, collection agency referrals and lawsuits. Your credit score may be adversely affected. Always seek financial advice from qualified financial and legal advisors, and read and understand all enrollment materials carefully.
The specialists are from companies or industries that may require licensing, bonding or registration in order to lawfully do business in your state. National Debt Solutions encourages you to check with the appropriate agency to be certain any requirements are being met.
The Federal Trade Commission publishes articles at www.ftc.gov that you are encouraged to read, including:
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre19.shtm.
Individual program results may vary, and programs may not be available in all states.