Program Benefits
Debt settlement is a form of debt relief that may be able to assist you in overcoming the burden of overwhelming debt in less time and for less money than other debt relief options. It will help you by assisting with managing creditor calls.
With our debt settlement program, you can resolve your struggle with unsecured debts as an alternative to the long-term stigma of bankruptcy. You will also satisfy your creditors within your budget by possibly using a structured debt settlement plan.
We are committed to helping our customers become savvy with managing their money. Our programs not only help you settle your debt, but our tools, tips, and educational resources can possibly help you to prevent the same situation from replicating itself.
Settle your debt for less than what you owe
Debt Settlement is a legal way where unsecured debts are settled for less than the original amount owed.
Have an alternative choice to bankruptcy
Many people who are facing financial trouble are unaware of any options beside bankruptcy and feel that this is the only choice they have. Feeling trapped and pinned against the wall is a position in which a debtor will feel an immediate sense of no control or power. However, Debt Settlement is one of many debt relief programs available and acts as a viable alternative to filing bankruptcy. It is an opportunity for a debtor to regain control over their finances and establish power over their decisions.
No program can guarantee that bankruptcy will be avoided altogether but Debt Settlement certainly offers benefits that provide alternatives to Chapter 7, 11 and 13. Debts are paid back to creditors at a settled figure and the debtor has the ability to walk away from the situation knowing that they responsibly paid back a sizable portion of their debts and were able to do so in a timely manner.
Note: Anyone considering bankruptcy should contact a bankruptcy attorney.
Shorten the time that it takes to pay off your debts
Debt Settlement programs empower clients to overcome their debt burden in a timeframe that is much shorter than if a client were to continue paying off their creditors at minimum payment amounts. With only a fraction of minimum monthly payments going towards principal, a debtor is faced with the unrelenting future of paying off their debts for perhaps decades to come. However, through Debt Settlement, a client has the ability to repay their debts at a discount in a much shorter timeframe.
Reduce your stress
By enrolling in our Debt Settlement Program, stress levels related to finances, creditor calls, and collection letters can be reduced. Hiring us to act on your behalf will give you further control over your situation and your creditors. Correspondences from your creditors will be routed by you to our offices and letters will be written to your creditors, requesting that communications be diverted away from the client and to the offices of our experienced negotiations team.
Our team brings knowledge and experience that can shelter you from fraudulent collection tactics and during the course of negotiations, our experts will adhere to applicable governing law while also demanding that the counterparty (the creditor) does the same. This promotes the fairest settlement possible which benefits you, the client.
One affordable program payment each month
Instead of dealing with multiple payments being sent to multiple creditors with multiple payment amounts and due dates, with a Debt Settlement Program, a client makes a more affordable program payment. A substantial portion is considered a savings payment which is conveniently debited from a client’s personal bank account and is deposited into a Special Purpose Account where these savings safely accumulate until a settlement is underway.
Get out of debt on better terms than bankruptcy
If a person opts to use the bankruptcy route, they will be under the rule of a bankruptcy court and will be given specific payment amounts and date that they must adhere to. Thus, a person who files is unable to get out of debt in a manner that they can dictate. Debt Settlement incorporates a more client-friendly alternative and is an involved process where the client is included in the decisions and has the final authorization to agree or decline a settlement offer.
Note: Anyone considering bankruptcy should contact a bankruptcy attorney.
Create financial relief in your monthly budget
During the course of your initial consultation with one of our Debt Specialists, they will provide you with a detailed budget analysis of your household to determine if financial improvement may be possible. Your program payment will be determined after the completion of this analysis and will usually be less than what you are currently paying to creditors. This creates more disposable income and breathing room in the monthly budget.
Expand your money management skills
One of the goals for our Debt Specialists is to assist clients with their financial planning in any capacity possible. Your Debt Specialist will be available to you to answer your questions and will relay applicable recommendations based upon their experience and knowledge to increase your ability to become financially savvy and independent. Our website provides several tools to increase money management skills and awareness. Clients are encouraged to become a part of our web community as a way to get involved in their financial future.
Avoid unfair collection practices
There are specific guidelines and laws that a debt collector must abide by called the Fair Debt Collection Practices Act & Debt Collection Laws that are state specific. A typical consumer would not be aware of these laws and therefore lacks the ability to correct a creditor when a violation occurs. With our Debt Settlement Program, you are provided with the tools to handle and monitor creditor actions. Violations on the part of the creditor sometimes lead to support of our operations.
Receive the assistance of a debt specialist to provide you with gentle guidance and support
At no time during your enrollment in our Debt Settlement Program will you be left to fend for yourself. You will be assigned multiple specialists to guide you through the entire program. Your lead negotiator will contact you monthly to ensure that you are updated on negotiations and pending settlements. You will have access to our client services department via phone, mail, or email to communicate any of your concerns or questions. US Financial Options prides itself on excellent customer service and we go over and beyond to ensure that our clients’ expectations are not only met but exceeded.
