Today's Debt Solution

Debt Settlement

Debt Settlement

Debt Settlement is also known as 'Debt Negotiation' or 'Debt Resolution.' It is a proven and cost-effective approach that helps you pay off your credit card debt faster and helps you avoid bankruptcy. Debt Settlement is a good choice when you want to lower the outstanding credit card debt you currently owe. A Debt Settlement company will negotiate an agreed-upon payoff amount with your creditors, and when that settlement amount is reached, your debt obligation will be resolved. Debt settlement is one of the best ways to resolve unsecured credit card debt problems without bankruptcy. We understand the burden of credit card debt and the devastation it can cause you and your family. Let our caring, experienced consultants guide you through the process to determine your best debt-relief option. We will work your case confidentially to determine your eligibility and, if you qualify, establish a program that best fits your financial needs.

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How Does Debt Settlement Work?

You will deposit money each month into an account you control based on your monthly budget. When there is sufficient money to pay off creditors at the negotiated settlement amount, the money in your account is sent to your creditors to satisfy the debt. When you set aside funds, all payments to creditors are stopped. Your Debt Settlement company will let your creditors know they are working on your behalf and that all communications regarding your account should be sent to them. The Debt Settlement company will verify that you deposit funds into your account each month per your agreement. Once you and the creditors have agreed to a settlement offer negotiated by your Debt Settlement company, the funds from your savings account will be dispersed to your creditors to satisfy the settlement.

How Much Can You Save?

Your total debt reduction amount will depend on many factors, including how much your total debt is, your available monthly budget, and the skill of your Debt Settlement negotiator. But typically, the amount of your negotiated Debt Settlement can reduce your debt by as much as 40-60%. This is not a rule, and your results may be different.

How Much Do Debt Settlement Companies Charge? 

Debt Settlement fees typically include a service fee based on the percentage of your overall debt. The payments are usually made monthly as you deposit money into your settlement account. Some companies will charge an additional fee to set up your account and begin the letter-writing and negotiation process. You should expect 15% of your total outstanding debt settlement fees.

How Long Does The Program Take?

Time frames vary, but you should consider working with your Debt Settlement program for 12-36 months. Creditors may continue to call you, and penalties and interest may continue to accrue. However, a reputable Debt Settlement company will work to reduce or eliminate the calls and attempt to keep the penalties and interest at a minimum. In the end, despite possible calls, and additional fees, you should see a significant reduction in your debt and a chance to resolve your obligation in a timely manner.

Who Are Good Candidates For Debt Settlement?

Persons with some kind of hardship like an illness, disabilities, job loss, or divorce. Persons with $10,000 or more of past due credit card debt with high-interest rates. People are trying to avoid bankruptcy that has significant unsecured debt. Persons receiving collection calls are past due or are soon to have a suit filed.

Will Debt Settlement Negatively Affect Your Credit Score?

Probably. It may not have much effect if you are currently late on your payments. If you are up-to-date with your debt payments, debt settlement programs will likely significantly negatively affect your credit score for the time you are enrolled in the program. If you have a good credit score, careful consideration of debt settlement is warranted.

Your credit score is likely affected because overdue payments will begin appearing on your credit score. Since you do not make regular payments to your creditors while participating in Debt Settlement or Debt Negotiation programs, the account balances will increase, and penalties and interest may be added as the delinquency period extends. Your debt-to-income ratio is also negatively impacted as your debt rises.

When the Debt Settlement program is completed, your balances return to zero, positively impacting your debt-to-income ratio. These settled accounts might look better than outstanding debt to some, and as time progresses, this history has less and less effect on your credit score. If all other debts are paid promptly (car, house, etc.), the negative effects of delinquent and settled accounts should be temporary. However, the settled accounts stay on your credit history for seven years.

How it Works


Contact us Online, Email, or Phone and speak with an experienced debt settlement consultant. The typical client owes more than $25,000 in unsecured debt and is already behind on at least one and, in many cases, most of the seven or more accounts they hold. Debt settlement consumers are suffering severe financial hardship, such as a household loss of income, a medical event, or a life event like a divorce. Under FTC rules, the consumer pays nothing to enroll in a debt settlement program.


Following an underwriting process, the company creates a personalized plan for the consumer based on their unique financial position. The consumer creates a separate bank account dedicated to addressing their debts; this bank account is, at all times, under the complete control of the consumer: debt settlement companies never touch consumer funds.

Negotiate Debt

Once the consumer has set aside sufficient funds in their dedicated account, debt settlement specialists negotiate settlement offers with each of the client’s creditors.

Accept Offer

When the debt settlement company obtains a settlement offer from a consumer’s creditor, the consumer chooses whether or not to accept it. Consumers are under no obligation to accept any settlement and, under FTC rules, can reject it without being charged anything.1 The average consumer’s first account is settled four to six months after enrollment.

Debt Decreases

If the consumer accepts a settlement, payment to that creditor will be made from the consumer’s dedicated account. Only when the consumer has made at least one payment in furtherance of a settlement offer will the consumer be charged a fee, and that fee may only be assessed for the one debt for which a settlement has been agreed.

Repeat Process

The process restarts for each of the consumer’s creditors until each account is settled. No fees are charged until each settlement is agreed to by the customer. Consumers can withdraw from the debt settlement process at any time, for any reason, without penalty – they are totally in control throughout the entire process.

Today's Debt Solution

We understand the burden that debts can place on individuals and families, and we are committed to helping you overcome these challenges. 

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Today's Debt Solution

Let our expert advisors guide you toward a more secure life with tailored strategies, personalized assistance, and the tools you need to break free from the burdens of debt.
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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.

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