WHY DEBT SETTLEMENT...

Americans are experiencing a debt crisis, with national credit card debt eclipsing $1 trillion for the first time in 2018. Debt settlement is the most consumer-friendly debt relief option for Americans overwhelmed by unsecured debt, offering struggling consumers an established path to improved financial health. Debt settlement companies advocate on behalf of consumers by negotiating directly with their creditors to achieve reductions in the amount that they owe, allowing their clients to get back to living normal lives. While not for everyone, debt settlement programs offer consumers an important lifeline.


Debt settlement should be a consumer option for many reasons:


  • The product is federally regulated to be consumer-centric, putting the client first at every step of the process.
  • Independent studies confirm that debt settlement is an excellent option for consumers burdened by overwhelming levels of unsecured debt.
  • The AFCC, the national trade association for the debt settlement industry, ensures member companies are held to the highest standards.



DID YOU KNOW?

  1. On average, debt settlement saves consumers $2.64 for every $1 in fees paid.1
  2. Clients generally see initial account settlements within 4-6 months of starting a debt settlement program, allowing consumers to experience relief more quickly than other debt relief options.1
  3. Upon completion of a debt settlement program, the average consumer sees savings of 30 percent on the original debt, including fees.1
  4. The debt settlement industry is strictly regulated by the Federal Trade Commission. In collaboration with the AFCC, the FTC strengthened its regulation through revisions to the Telemarketing Sales Rules (TSR) in 2010.2
  5. Before a fee is charged, the client must agree to and make a payment towards the negotiated settlement.2 Clients have the right to reject or withdraw from their engagement with AFCC members at any time, for any reason.3

1Regan Report | American Fair Credit Council, Click Here
2Telemarketing Sales Rule, Click Here
3 American Fair Credit Council Code of Conduct, Click Here



WHAT CONSUMERS ARE SAYING:




“Great experience, extremely helpful and diligent in describing what will happen and made me feel very comfortable making this decision to change my financial future for me and my family.”

– Richard P, Kennet Square, PA


“You kept in contact with me and kept my spirits up. You took a lot off my mind and put me at ease. I thank you all so very much, you did great!”

– Patricia R, Indianapolis, IN



“[ Debt Settlement ] was a lifesaver for me when I was in over my head (debt) with no relief in sight.”

– Paula S, Olive Hill, KY


“I contemplated bankruptcy, but after research found the existence of debt settlement companies. I decided to take the plunge and enrolling in the program was one of the best financial decisions I've ever made.”

– Brenin M, Pittsburgh, PA



“This situation has really taken a lot of stress off my shoulders. It gives me peace of mind. I would graciously pass along your company to anyone with debt that cannot handle on their own and in the same situation as I was in before I enrolled.”

– Mildred B, New Ringgold, PA


“You always responded to my questions as though I mattered. A refreshing concept. I am so pleased to be debt free. Just keep being kind and understanding. No one ever really enjoys having to be in the position of needing debt help. Thank you.”

– Patsy C, Pinconning, MI



For more information on the industry, view debt
settlement myths versus facts here.