|
Debt settlement is a
compromise between creditors and debtors. If you
have gotten into difficulty through overuse of
your credit beyond your ability to pay for it,
you do have some opportunity to resolve the
situation.
Using your legal options as leverage, our firm negotiates the principal amount of your
debt, not the interest rate. Creditors receive a
fraction of the balance owed in exchange for
your “lump sum payment” or “repayment” of the
agreed-upon amount.
The DebtOne Debt Settlement Program is designed
to fit your unique financial situation. Your “lump sum payment” or “repayment” is financed
from money that you agree to save each month in
order to pay off the debt. Our debt consultant
helps you determine this amount and designs a
savings program for you based on your need and
comfort level.
On one hand, we use our experience in dealing
with creditors. On the other hand, we use our clients
as a group to gain leverage and create a
mutually-acceptable agreement that benefits both
you and the companies to whom you owe money,
creating a win-win situation for everyone.
There are five main steps to our debt settlement program:
Step 1:
Request free debt evaluation.
Contact us and one of our trained Debt
Consultants will contact you for a free
and confidential 15 minute debt evaluation.
Step 2:
Based upon the evaluation, if your debt
structure meets our
guidelines, we will design a
custom program to fit your budget.
Step 3:
If you become a client, DebtOne initiates
communication with your creditors. We attempt to
take over correspondence and advise your
creditors that we now represent you. We
stay in communication with your creditors
until your debt is resolved. We issue a “cease communication” letter to the
creditors to help relieve the stress of
dealing directly with the creditors and we
negotiate the debt settlement.
Step 4:
We advise of changes and settlement offers
proposed by creditors. DebtOne recommends
which offers you may want to accept.
Step 5:
If you accept the creditors’
offer(s), DebtOne advises the creditors of
your acceptance and willingness to settle
the accounts. DebtOne continues to
monitor the accounts and follows up with
creditor(s) to ensure that your accounts
have been reported as settled to the credit
bureaus.
View Case Samples
 |
Reduce and settle your debt 
