Debt Resolution provides a solution to pay off creditors and a negotiated amount, a monthly deposit allows you to become debt free within a shorter timeline when compared to making minimum monthly payments on credit cards.
When you’re struggling with high interest credit card or other unsecured debts, Debt resolution is designed to allow you to pay off and Settle your debt sooner for a fraction of what you owe.
Debt Resolution programs help you settle your debt for less than your outstanding balance. Within these programs, participants make monthly deposits into a savings account. Once enough money accumulates, this account is used to negotiate lower settlements with creditors. This process is repeated one account at a time until each one is settled and all debts are cleared.
Because Debt Settlement companies are negotiating with creditors to settle for less than you owe, the timeline to become debt-free is much faster than with other options, typically only 24-36 months.
One limitation for Debt Settlement is that it is not a solution for secured debts such as a mortgage, auto loan, or home equity loan. Since these debts are secured by collateral, creditors will not be willing to settle your balance for less. If you are struggling with secured debts, other options, such as Debt Consolidation or Debt Counseling might be best.
Today’s Debt Solution team can provide you with the best option and provide a solution to your debt. If Debt Settlement sounds like it could be the right solution for you, click here for a free consultation.
1) The Debt Resolution industry is highly regulated by the U.S. Federal Trade Commission. In 2010, the FTC strengthened its regulation through revisions to the Telemarketing Sales Rules (TSR). In addition, many states provide strong oversight of the industry.
2) Today's Debt Solution works on behalf of consumers, standing up to creditors and representing the interests of their clients. Under FTC guidelines, debt Resolution clients pay no fees until
settlements are completed.
3) Today's Debt Solution is required to adhere to all Federal Trade Commission consumer protection guidelines, which:
A) Prohibit upfront fees.
B) Require companies to disclose fundamental aspects of their services, including how long it will take to get results and how much it will cost.
C) Prevent companies from misrepresenting services.
4) Consumers can withdraw from their engagement with debt settlement companies at any time because debt settlement companies never have custody of consumers' funds. Once engaged with a customer, Today's Debt Solution accesses necessary information in order to work with creditors to design affordable settlements.
5) Clients have the right to reject or withdraw from these agreements at any time, for any reason.
6) Today's Debt Solution diligently works to protect the privacy of clients.
7) Today's Debt Solution provides considerable benefits to consumers, relatively quickly. Consumers generally see initial account settlements within 4-6 months of starting a debt settlement program.
We understand the burden that debts can place on individuals and families, and we are committed to helping you overcome these challenges.
Debt settlement services are not appropriate for everyone. Enrollment into the program may be adversely affect creditworthiness; May result in collections or legal motions by creditors or debt collectors; and may increase the balance owed due to accrual of fees and interest by creditors or debt collectors. to pay your monthly bills in a timely manner may result in increased balances and can harm credit ratings. Not all creditors will agree to reduce the principal balance.
Debt-settlement services are not appropriate for everyone. Failure to pay your monthly bills in a timely manner will result in increased balances and will harm your credit rating. Not all creditors may agree to reduce the principal balance, and they may pursue collection, including lawsuits. There are also required verbal and written disclosures and warnings.
