| Debt Settlement
Debt Settlement, the concept of “debt forgiveness”, has been practiced for many years primarily for the settlement of business debt. However, over the past 30 years, the rise in personal bankruptcies and personal “charge-offs” (consumer debts declared by banks as a business loss) has caused the banking industry to increasingly work with Debt Settlement companies in an effort to settle billions of dollars personal unsecured debt. Today, this same debt management principle has been helping our clients through our Debt Liquidation Program.
The Debt Settlement process works by helping you negotiate with your creditors to reduce your outstanding debt in hopes for the banks to recover funds that would otherwise be lost if you filed for bankruptcy or if a creditor’s debt recovery efforts became too burdensome, time-consuming, or costly.
Opposed to the interest-rate debt reduction benefit of Credit Counseling and Debt Consolidation, Debt Settlement effectively negotiates a reduction of the outstanding balance on each of your debts in exchange for a lump-sum payoff or short-term installment payoff.
To give you an illustration of powerful results of Debt Settlement, our Debt Liquidation Program track record has consistently benefited our clients with SAVINGS of 40% to 70% of our clients’ outstanding debt balances. These results can allow you to be DEBT FREE in a much shorter period of time than Credit Counseling or Debt Consolidation.

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