Debt Settlement

How do I know if I am a good candidate for Debt Settlement?
If you really cannot afford to pay your debt, if you are honestly facing a real hardship, if you have a load of debt and you cannot find out how to get out of this burden, we can definitely try to help you. To qualify for our debt settlement program, you must have at least $5,000 in unsecured debt. You should be willing to get out of debt. We have few other factors that we consider before accepting you into our program, like the state you reside in, your employment status, your combined assets, your monthly income Vs your monthly expenses. The best way to find out is to call us now at our Toll free Number: and talk to a Debt Specialist.

What kind of debts can be settled?
All kinds of unsecured Debts such as credit cards, departmental store cards, personal loans, medical loans, signature loans, gas cards and certain instalment loans can be considered in this program.

Why would the creditors agree to settle at a lower percentage?
Creditors agree to settle first and foremost because they know if a client files bankruptcy they will get nothing or very little. Creditors also are aware that legal action is costly and not always successful and so can cost them yet more losses. Lastly, if a creditor sells a debt they will likely get less than 10% of the amount owed for it, which is much less than a typical settlement offer.
Put simply creditors would rather take sure money now than less, nothing, or even losing money later on.

 Why can’t I do this on my own?
Like most services, you could try this on your own however; below are the advantages of working with us:

Why only unsecured Debt?
We accept only Unsecured Debt into our Debt Settlement program, because there is no collateral attached to it. For example: If you have a mortgage and you stop making payments, they can foreclose your property. Thus, it is highly unlikely that you will get a settlement with your mortgage company. Unsecured credit card debt allows the greatest leverage when negotiating, generally providing the steepest discounts and greatest success in reducing overall debt. Based on our experience Departmental stores, Furniture stores, jewellery cards settle at a higher percentage than usual.

I’m considering a home loan to pay off my unsecured debts
Right now, your debt is unsecured. That means, even if you default on your payments, the creditors cannot take any of your physical property away from you. If you secure it with your home and something happens where you can't make your payments, the roof over your head is at risk. Is that really a risk you're willing to take?

Do I need to make huge monthly payments to get into the Debt Settlement Program?
We understand that you are facing a financial hardship, so we design a program keeping in mind that even if you make bare minimum payments, you would be accepted in our program. On the other hand, it is always better to pay off your debt as soon as possible. Please check our Debt Calculator to find a comfortable payment plan that fits into your budget.

How does this affect my credit?
You are looking at this website because you are already facing a hard time paying your debts. Maybe you are already late on few payments, maybe you have maxed out some of your cards, maybe your debt to income ratio is already very high. If that is the case, then it has already affected your credit scores. If you go ahead and check your credit scores right now, you will find they are not the same as they were maybe 6 months ago. If you are so badly in debt and you cannot keep up with your payments, it is better to Become Debt Free first and then work on getting your credit scores back on track.
Your credit will decline initially until the debts can be reduced, thereafter your credit scores will get better again because one of the most important factors in evaluating your credit scores is debt to income ratio.
Apart from that, Debt Settlement is much better for your Credit Scores as compared to Bankruptcy or not paying your bills at all. As after due course of time, your debts settle and it says so on your credit report.
Moreover, once you have completed our Debt Settlement program and you are Debt Free. We will provide you with FREE Coaching on how to continue living a Debt Free Life and improving your credit scores.

Someone told me that it would show up like a bankruptcy
Actually, that’s a myth and a rumor that’s going around. Debt Settlement is not like a bankruptcy but rather is an alternative to bankruptcy. We have helped many people get debt free who were just on the verge of filing for bankruptcy.

Can my creditors sue me?
In the United States anyone can sue you at anytime for anything. Creditors can sue but this can be prevented by getting a settlement before it goes to trial.
Moreover, banks themselves prefer settling matters out of court, as they also need to spend money on legal costs. Often times the creditors are willing to work out a payment contract with you rather than pursue other options as they are aware that house values and even jobs are not any guarantee of funds to them as the house may never sell and the job can be lost.
Please feel free to read a complete article on the same: What Can Creditors Really Do to You?

Will I still be able to use my credit cards?
No. All Credit cards Debt accounts and other Unsecured Debt accounts should be closed. We do strongly suggest consumers to keep 1 active (and not enrolled in the program) Credit Card for emergency purpose if possible.

How long does the debt settlement program take to complete?
Well, this depends on you, how much debt you have and how much can you afford to save every month. Please call our Toll free number: to talk to a specialist who will advise you how much time it would take for you to Become Debt Free.

How much is your fee?
Our fee is already included in the settlement offer we quote you. You would just have to pay 55%- 60% of your outstanding debts; our fees are already included in that. Apart from that, you will have to pay $39 per month as the processing fees.

Debt Consolidation

What exactly is Debt Consolidation?
Debt Consolidation is a program which helps a Consumer who is heavy on debts to come out of it in a very easy and effective manner. It piles up all high interest debts of the Consumer into a single affordable low monthly payment.

What kind of debts can be consolidated?
All kinds of unsecured Debts such as credit cards, departmental store cards, personal loans, medical loans, signature loans, gas cards and certain installment loans can be considered in this program.

Does Debt Consolidation hurt a consumers Credit?
No, actually this program might help the Consumer to increase their credit scores as the creditors are paid on time that in turn are the ones who report to the credit bureaus.

What is the fee of the Debt Consolidation Company?
Yes, there is a nominal which is charged from the consumer to cover the operational costs. This fee is already included in the monthly payments made by the Consumers.
We do offer one of the lowest fees in the industry

Is it a Loan?
No, this program does not involve any loan. We do negotiate with the creditors to obtain better and lower payment plans. Then include all the debt accounts into one after negotiating on interest rates and monthly payments with all the creditors. This ends in Consumer paying a low monthly payment combined for all accounts.

How does the Consumer know that when and how are his creditors paid?
Every month the Consumer would be getting a mail from all the creditors on the payment received by them. Consumers can also check online for the same as a login id for the same would be provided by us.

Will the Consumer be still able to use his/her Credit Cards?
Once enrolled in the program the Consumer would not be able to use the Credit Cards.

Can’t a Consumer negotiate on it’s own with the Creditors?
Yes, a Consumer can do it on its own too but then Debts Free Life will be able to offer the lowest monthly payments for the Consumer as we are specialist for this program. We get the lowest rates, lowest payments and also we do work on late charges if any.

Will Consumers still receive collection Calls?
Once you enrol in this program for the first few months you still might receive them as the Creditors do not know by then that you have entered in to a Debt Consolidation program. But whenever you receive such calls you can directly call us and we do go ahead and ensure that these calls are stopped. If you get a harassing call from a collection agency we will provide you with a cease letter which has to be obeyed by the agency under Fair Debt Collection Process Laws.

Can a Consumer increase his payments or once his account is settled with one of the Creditors can they pay less?
Yes, both these things can be done. It is totally upon the Consumer to increase his/her payments as it makes them come of debt swifter. Secondly once the accounts with 1 or Creditors are settled they can contact us for lower payments as well.