Frequently Asked Questions

How does debt settlement work?

Debt Settlement companies may instruct you how or work directly with your creditors on your behalf to restructure how much you owe and the timeframe in which you have to pay it. They will work one-on-one to review your credit situation and the options available to you. They will then develop a personalized plan to fit your personal and financial needs. Customers who use this service may be able to substantial reduce their total amount of outstanding debt.

What does it cost?

The cost will vary depending on the company you work with. Most companies are paid a percentage of the savings they achieve for you and you only have to pay after a settlement is reached. If they don’t reduce your debt, you don’t owe them anything.

Will debt settlement affect my credit?

Each person will have a different experience with their credit score and this is best discussed with your debt settlement company. Many people experience a short-term drop in credit score during the settlement process but can rebuild their credit score after their debts are settled.