How does this program work?

Debt Settlement works by reducing the balance owed (principal) on your unsecured personal debt accounts through creditor negotiation. By reducing the balance itself, Debt Settlement provides a financial strategy to become debt-free. Most creditors are willing to accept 50% or sometimes as low as 20% of the balance owed in order to close out an account.

Is Debt Settlement for me?

While the debt settlement approach is not suitable for everyone, it’s an alternative to bankruptcy and provides a strategy to eliminate unsecured debt while working through your financial difficulties.

What is the difference between unsecured debt and secured debt?

Unsecured debt is a debt that is not tied to any item of property, such as: credit cards, store cards, personal bank loans, and medical bills in collections. Secured debt is a debt on which a creditor has a lien, such as: mortgages, student loans, car loans, and taxes. The

What happens to my credit?

The effect of our debt settlement program on your credit score will partly depend on your current credit status. In general, your credit score will decline during the program, and will begin to improve again after you have become debt-free. While going through the debt settlement program, we recommend against applying for new credit. It doesn’t make sense to take on new debt will clearing your existing debt. By completing a debt settlement program, your debt-to-income ration will improve. The effects of debt settlement on your credit will be less damaging that the derogatory mark made by bankruptcy.

Can you stop my creditors from calling me?

It is not possible to stop all creditor calls. If any company guarantees they will, it is a red flag! We take the steps to reduce creditor calls.

What is our primary goal at Debt Remedy Advice?

To put our clients first, listen and address their needs, and have our clients’ debt free as quickly and inexpensively as possible.