Debt Settlement
What is it?
A viable and often effective alternative to bankruptcy, debt settlement (also referred to as debt negotiation) involves the negotiation, by our offices, with your creditors for purposes of settling your debt at an amount lower than what is owed. Following an initial financial analysis, Debt Pro Law Center will develop a monthly payment schedule. During the negotiation process, clients will accumulate funds in their own client trust account every month. Amounts to be deposited are determined on a case-by-case basis. However, Debt Pro Law Center is dedicated to ensuring your monthly payment schedule is affordable. From these funds, creditor settlements will be paid once finalized by our attorneys.
At our demand, all settlements will be confirmed in writing by your creditor indicating the account obligations have been satisfied. Settlements are thereafter reported to the applicable credit bureaus as either “settled,” “settled for less than full amount,” or “paid.”
Debt Settlement is a way to get out of debt in the shortest amount of time and with the least amount of money without having to file bankruptcy.
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