Debt settlement

Debt SettlementDebt settlement is a process where a company negotiates on the borrowers’ behalf with creditors to reduce the overall debts in exchange for an agreement upon which regular payments will be made. The debt settlement process can include credit card debts, medical bills in collections, department store cards, signature loans, unsecured lines of credit, and revolving charge accounts. Debts that cannot be included in a debt settlement are student loans, auto loans, and mortgages.

The debt settlement process is initiated when an agreement is signed between the borrower and the debt settlement company. From that point forward the borrower makes a single payment to a trust or escrow account where funds accumulate over time. Payments are not made to creditors during this accumulation period. Once enough funds are gathered the debt settlement company begins negotiations with creditors. Credit card companies, under the assumption that they might not be paid at all, are normally willing to enter negotiations and usually accept steeply discounted payoffs.    

Debt settlement offers a host of advantages over other alternatives available to people over-burdened by debt. A typical debt settlement can reduce the amount a borrower owes by 40 to 60%. The time it takes to complete a debt settlement process depends on the amount a borrower can pay on a monthly basis. The amount of time for payoff can range from 18 to 48 months. At the end of the process the borrower will have paid off the reduced amount on each credit card and loan in full. A borrower making minimum payments on the same debt, but without debt settlement, would pay many times over the amount paid in a debt settlement. Additionally, a full payoff would take twenty to thirty years. Credit counselingDebt Settlement can reduce a consumer’s interest rates but will leave the total amount owed intact, resulting in a longer and more expensive payoff.  Debt settlement also compares favorably to filing bankruptcy, which can stay on a person’s credit report for up to ten years. Bankruptcies also subject those who file for them to public stigma and intrusive court-mandated controls on budgeting and spending.

The quality of your debt settlement is directly related to the quality of the company that is negotiating on your behalf. Be sure that your debt settlement company is accredited by The Association of Settlement Companies (TASC). Be sure to ask enough questions that you are knowledgeable of and comfortable with the process of debt settlement. Then, make your decision. With the right company on your side, debt settlement can get you on the path out of debt and on to a fresh start.  

The debt settlement experts at USA debt have years of experience helping average people overcome their problems with debt.  Debt settlement is a way to create a plan to pay off your debt while negotiating with the lenders you owe money to.  Lenders may include credit card companies, banks, collections agencies, utility companies and more.  We can help you with your debt problems, including:

•    Credit Card Debt
•    Medical/Hospital Bills
•    Department Store Credit Cards
•    Oil/Gas Credit Cards
•    Personal Loans (unsecured)
•    Overdue Rent
•    Autos (Repos)s
•    Local Merchants
•    Past Due Utility Bills
•    And more!

How USA debt Can Help

We are your advocate, helping you, informing and guiding you through the debt settlement process.  With our assistance, you can:

•    Reduce your unsecured debt
•    Have an advocate deal with your creditors
•    Arrange one affordable monthly payment
•    Complete the program in 12-26 months

With our help, countless people have gotten completely free from their unsecured debt and managed to change the way they live their lives.  No longer fearful of collection agency phone calls or terrified of bills piling up, people are able to enjoy a high credit rating and financial freedom.

USA Debt Settlement Resource Center

We don’t just guide you through the process; we supply accurate, in-depth information so that you understand what it is you’re doing and the benefits.  Articles, blogs, news stories and information sources are all available at  We are your partner throughout the program, and we invest our time, knowledge, experience and resources into you so that you can become a debt free individual.

The debt settlement experts at have worked with countless people all across the country, walking them through our comprehensive debt settlement plan.
You can take advantage of the information, knowledge and debt settlement professionals at by simply calling filling out our contact form today!