Debt settlement or debt arbitration is a legal process used by people or companies in debt to negotiate a settlement of an existing legal debt with their creditors. Debt Settlement is not the same as Consumer Credit Counseling or Debt Consolidation. Debt settlement is the consumer equivalent of a Turn Around Consultant for a business who helps settle their debts with creditors and get the company back on track. Any person owing credit card debt, or any other debt, has the legal right to contact and negotiate with their creditors.  However this practice takes time to master, knowledge of the credit industry, and sharp negotiation skills to get the maximum benefits.  Debt Settlement America typically will settle your current unsecured debt balances from 40-60% * by negotiating an agreed settlement amount with your creditors.

Debt settlement is a plan to renegotiate the amount of debt you owe so that the amount paid is less than that owed, yet is accepted as full payment of the debt.  Many individuals who have a financial hardship find that debt settlement is the only debt management method affordable for them. Debt settlement depends heavily on using the correct approach with a particular creditor. This can be done best by hiring an experienced third party, such as Debt Settlement America, who understands current industry trends. 

Debt Settlement Quick Facts

·         It is rapidly becoming the top method for consumers to deal with debt problems brought on by financial hardship.

·         A debt settlement company is the consumer's advocate when dealing with a consumer's creditors.  A debt settlement company is not affiliated with your creditors or paid by your creditors like consumer credit counseling.

·         DSA charges a fee to get started but offers different fee and savings plan options.

·         The client's debt is settled after 12 - 36 months depending on the individual’s availability of cash.

·         You will receive an 'open delinquency' on your credit until debts are settled.

·         Debt settlement lowers your debt to income ratio more quickly than Consumer Credit Counseling, which represents a significant factor in your ability to qualify for a loan.

·         You will typically end up paying only 40-60% * of your current balance.

(Free Consultation with a Professional Debt Consultant)

Debt Settlement America is successful because our Senior Debt Consultants are highly trained. DSA's debt negotiators carefully structure a debt negotiation action plan for each and every client. DSA's mission is to settle your debts while keeping you away from bankruptcy. Your success also depends on a total commitment by you to work with our experienced staff as we form a partnership to settle your debt. Our Team has helped hundreds of people just like you get out of debt. Let us help you!

You will need to retrieve your creditor documentation (most recent statements) so that our Debt Consultant can assist you in a timely manner. You may be asked for detailed information about your creditors and debt as necessary. We will help you through this process - step by step. Call and speak with a Debt Consultant and see how you can count on DSA to settle your Debt and give you peace of mind!

(Building a Debt Settlement Plan for you)

After determining the best debt settlement plan for you, we will send you an enrollment package. The enrollment package will provide us with information on you as well as information about your creditors. 

DSA will educate you on how to handle creditor calls and communications and DSA will contact creditors when appropriate.  We will also assist you in communicating with creditors by providing you forms and letters that may help reduce the call volume and/or collection attempts, particularly after the debt has passed from the original creditor to collection agency. This process will vary as creditors change their collection method from time to time.

Our Debt Negotiators will start negotiations with all your creditors to obtain the best settlement possible once you have saved some money. Our Debt Negotiators are paid based on their performance in getting the best settlement for you. Our average settlements range from 40-60% of your total current balance * .

(Setting up an Affordable Low monthly savings plan)

Debt Settlement America will work with you to determine an affordable low monthly payment to put towards your debt settlement savings fund. When a comfort level is met with the appropriate set monthly amount, these funds will be dedicated to your debt settlement. These funds must be set aside each month so that our debt negotiators can use the savings to negotiate a settlement with your creditors.

We provide a variety of programs to choose from depending on how fast you want to be debt free and what you can afford.  Programs usually range from 12-36 months depending on the size of debt.  Every case is unique and one of our Debt Consultants will be able to provide you with a plan for your individual debt situation.

A DSA client services account manager will make a monthly courtesy call to make sure everything is going as planned. If you have any new information or questions your client account manager will be happy to assist you at that time. You will also be given a direct line to call anytime with any concerns or questions you may have.

(Our process in settling your debt with your creditors)

Working with creditors can be a timely process of negotiations between the creditor and our company.  Our program is structured for you, and is set up so that when you have a reasonable amount of savings, our debt negotiators will begin the process of obtaining settlement offers. Creditors know that approximately 30% of the almost 2 million bankruptcies last year occurred on debt that was current. Creditors do want to settle and we will negotiate aggressively on your behalf.

You are always asked to approve any settlement and written documentation is obtained for every finalized settlement before you fund the settlement. Remember, Debt Settlement America is working for you and not your creditor.

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Free Consultation

  Settlement estimates of 40 - 60% are examples of past performance of settled accounts.  Individual results may vary and are dependant on successful completion of program and ability to save funds.  Debt Settlement America does not assume or pay any debt, nor does it provide legal advice or offer credit repair.  Program not available in all states. Read and understand contract terms before enrolling.