Debt Settlement

If you fell behind or feel you will fall behind making the minimum payments to your creditors, your financial hardship may qualify you for our Debt Settlement service. Debt settlement is known as the practice of ‘debt forgiveness’, which has grown in popularity after the mortgage lending crisis. Banks hate bankruptcy, which is why each year, they settle billions of dollars of unpaid consumer debts. Debt Free League positions our customers to take advantage of this unique opportunity utilizing a bankruptcy alternative that can help you minimize creditor harassment and create a ‘win-win’ solution with creditors. Our debt settlement process allows you to get out of debt within your budget and creditors to recover money they might lose if you declared bankruptcy.

Medical Debt Success Story

Debt Negotiation and Settlement Process

When you hire us to settle your debts, we negotiate with your creditors to convince them to forgive a large portion of what you owe. Upon negotiating a favorable debt settlement on your behalf, for your protection, we get the creditor to send you a written settlement offer, which includes the terms of the settlement and the amount money you will save on the actual debt. Generally, the creditor will request a lump-sum payment and in special circumstances, they may accept several monthly payments to satisfy the settlement.

Your Money is Secure

Depending on your budget, we customize for you a manageable savings plan for you to save up the settlement funds needed to repay your debts. As a safeguard, your savings is maintained in a personal, dedicated FDIC-insured savings account that you manage and control. This way your money is secure and you can readily disburse funds from your savings account to satisfy future settlements. As you continue to save, we continue negotiating your debts, settling one account at a time, until you are 100% debt-free.

How Much You Can Save

Unlike debt consolidation or a debt management plan, our debt relief process no only reduces interest rates. It is intended to produce for you a major substantial debt reduction on both principal and interest charges. Our customers conveniently make a low monthly payment that is spread out over a 12-48 month term and generally save thousands of dollars with an average savings of 60% on the entire debt. For example, on a balance of $30,000, the general forgiven amount is $18,000 (60%) and the general settlement amount is $12,000 (40%).





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Medical Business Debt



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Debt Settlement Examples

Debt Settlement Questions? CALL: (800) 380-4094





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