Debt Settlement

Debt settlement is a process in which the total amount of unsecured debt covered by your program is reduced. Credit card debt, medical bills (which is the leading factor in 60 percent of bankruptcies), and other unsecured debt can be negotiated to lower balances, not just lower interest rate or extended payment term. You are legally entitled to negotiate with your creditors, just as they are legally entitled to asses late fees and raise interest rates.

Often times creditors will say they don’t settle for less than what is owed, but having a professional debt settlement specialist negotiate on your behalf eliminates much of the stress, anxiety, and intimidation you may feel. Experienced Debt Settlement companies can often successfully eliminate up to 60% of current balances. When enrolled you make a monthly payment you can afford into a trust account. When you have sufficient funds, the money will pay off successfully negotiated debt. One at a time, they are systematically paid off. Read this article to learn about how debt settlement works.

Impact Debt Solutions can do the legwork for you and assist you in determining if Debt Settlement is the right option for you. Our Debt Advisor will provide a FREE customized financial analysis to help you make the decision. Call our Debt Advisors right now at 800‑581‑6020 or fill out the short form and we will get you started on the path to financial freedom.