Debt Settlement
Debt Settlement is a process to reach an agreement between creditor and borrower to settle an existing debt.
It is an aggressive approach to debt reduction for people in need of help or who may be considering bankruptcy.
Debt Settlement may carry some short term credit damage, with a strong long term benefit.
We can help if:
- Your total debt is over $7500
- Creditors included are owed over $750, including late fees if any.
We can help with:
- Credit Card Debt
- Medical & Hospital Bills
- Department Store Credit Cards
- Oil/Gas Credit Cards
- Personal Loans (unsecured)
- Overdue Rent
- Autos (Repos)
- Local Merchants
- Past Due Utility Bills
The following are NOT eligible:
- Student Loans
- Mortgage Payments
- Car Payments
- Secured Loans
- Income Tax Payments
Most typically, we reach settlements of on average, 42% of face value.
Ultimately as each account is paid by Fresh Start Financial out of your savings account, the creditor will consider the account settled in full. Once each debt has been paid off through our program, you the client are then free to begin the credit repair and rebuilding process without the burden and stress of ongoing debt.
For a full description, please see our video (here ).
Our goal is to provide you an affordable option to get back on your feet within 12 to 36 months. With honest and informative advice and our expert team, you can look forward to a day with zero debts.
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