800SettleNow.com - Debt Free in 24 months!

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Settle your debt, be debt free - no credit check, no obligation, home ownership not required

Need Debt Relief?
800SettleNow could be Your Answer

Lower Your Monthly Payments Immediately
Reduce Your Debt up to 40-60%
Make One Simple Monthly Payment
Become Debt Free in 12-36 months
No Credit Check
Home Ownership Not Required
Avoid Bankruptcy

Debt Settlement Options

Debt Settlement
Debt Consolidation
Credit Counseling
Bankruptcy
Minimum Payments

Why Debt Settlement?

Lower Your Monthly Payments Immediately
Reduce Your Debt up to 40-60%
Make One Simple Monthly Payment
Become Debt Free in 12-36 months

Types of Debt Solutions

  1. Debt Consolidation: It lowers your interest rate and waives off your late charge fees by combining your debts into a single payment. For more details, read benefits of debt consolidation
  2. Debt settlement: In this process, only a part of total debt is paid to the creditor. A deal is settled with the creditor for a lump sum amount (which is collected under a trust account by the law firms/debt settlement companies). Learn step by step process of settling your debt.
  3. Bankruptcy: Bankruptcy as a debt solution is considered as the last resort as its outcome is long lasting as well as far reaching. There are 2 common types of bankruptcy namely chapter 7 and chapter 13. You should avoid bankruptcy.
  4. Self Repayment plan: You can pay off your debts on your own by developing a repayment plan on your own. A successful implementation of the plan would require:
    • Self discipline and self restraint
    • Knowledge of different debt reduction techniques
    • A feasible budget that includes funds for emergencies and sudden expenses
  5. Ostrich method: It says, "Ignore debt for long and it will vanish". This is not recommended and is not applicable for everyone, just a small group of people. Since this is not applicable for most of us we are not describing it here.

Pros and Cons of Debt Solutions

  Self repayment Bankruptcy Debt Consolidation Debt settlement
Creditor calls will stop? Yes, if you are making smart payments every month. Yes, it is illegal to call you after filing bankruptcy. Yes, as you are represented by an attorney and all communication should happen via attorney. Yes, as you are represented by an attorney and all communication should happen via attorney.
Interest rate will be reduced? No All interest will be eliminated. Yes, will fall to 9% (approx) or lower. Yes, will be eliminated.
Saving on principal amount? No All debts will be eliminated. No Yes, around 40% to 60% savings.
Saving on interest? Yes, as all interest will be eliminated. Yes, with smart payment we can save payment on interest with better handling on payments. Yes, due to fall in interest rate there will be saving. Yes, as all interest will be eliminated.
Easy debt planning Yes, DebtCC system will help in managing your debts. Its a one time filing. Yes, as the firm will take care of your monthly payments. Yes, as the firm will help you with your monthly payements and offers.
Third party fees No One time bankruptcy fees. Yes, monthly fees and setup fees. Yes, monthly fees and negotiation fees.
Effect on credit score highly positive highly negative Positive negative

Debt Settlement and Credit Rating

  Self repayment Bankruptcy Debt Consolidation Debt settlement
Entry on credit report No additional entry. Yes, bankruptcy is reported. A comment stating that you're paying an account through a credit-counseling agency appears on your credit report. Late payments are reported. End status can be "settled", "paid" or "paid as agreed". Bargain for "paid" "paid as agreed" status.
Time till the negative entry lasts on credit report Not applicable It can remain for 10 years. It remains until the account is paid in full. Late payments can mar your credit report for up to seven years.
Effects credit score negatively No, Regular payments will have positive effect on credit score. Lowers it by almost 100 points. Since 1999, Fair Isaac Corp. has ignored any credit-counseling information when calculating a consumer's credit score. A credit report reflecting months and years of missed payments surely will drive your credit score to terribly low levels.
Other important information Try to pay off smaller accounts faster for a better credit ratings. It may make it difficult to qualify for new credit. It may make it difficult to qualify for new credit. Late payments will make it difficult to qualify for new credit.

 
Individual results may vary and are based on ability to save funds and successful completion of all program terms. Our Debt Settlement program does not assume or pay any consumer debts, and does not provide tax or legal advice. Program is not available in all states. Read and understand all our contract terms prior to enrollment.
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