Debt Settlement Also known as debt arbitration, debt negotiation and debt resolution, debt settlement is an approach to debt reduction in which the debtor and creditor agree on a negotiated and reduced balance that will be regarded as payment in full. Assuming complete and truthful disclosure by consumers, StrateDebt typically helps resolve or otherwise eliminates up to *50% of a consumer’s debt with a money back guarantee.*Results will vary depending your specific circumstances.
Debt validation, or "debt verification", refers to a consumer’s right to challenge a debt and/or receive written verification of a debt from a debt collector. The right to dispute the debt and receive validation are part of the consumer's rights under the United States Federal Fair Debt Collection Practices Act (FDCPA) and are set out in §809 of that act, which has been codified in Title 15, Section 1692-1692p of the United States Code. This debt validation procedure was expected to reduce the incidence of debt collectors dunning the wrong person or attempting to collect previously paid debts.
Negotiates to reduce debt by up to 50% for financial relief.
Offers confidence with a money-back guarantee on debt settlement.
Empowers challenging and verifying debts for accurate credit reporting.
In general, we work with individuals who are in a state of financial hardship. A “hardship” is broadly defined and could be any of financially damaging events, including loss of employment or reduced income, a divorce, severe medical bills, or a variety of other circumstances that cause someone to accumulate too much debt and lead to an inability to pay his / her bills.
We can accept most types of debts including credit cards, department store cards, personal loans, medical bills, and accounts with collection agencies. It is required that you include all these debts in the program. We cannot work with auto loans, mortgages, student loans, child support, and alimony debts.
In general, you must include all unsecured debt over $1,000 in our program. All your cards that we are negotiating must be closed for the program to work. In addition, you cannot apply for further credit or use credit while in the program. The goal of the program is to get completely out of debt.
Our clients will typically be debt free in just 24 to 54 months. The time it takes to settle your debts depends on your specific financial situation. The more you can save each month, the faster we can resolve your debts. Some people can become debt free in less time! Every situation is different, and we will be happy to discuss this with you during your phone consultation.
Our settlements are made through a series of negotiations with creditors to arrange for your debts to be reduced by substantial amounts. Since we represent thousands of clients and hundreds of millions of dollars of consumer debt, we can leverage our expertise and scale to get the best deal for each one of our clients.
StrateDebt does not charge a fee until each debt is settled – ensuring your success. Your fee is based on your debt balances at the time you join our program. This percentage varies from state to state. You can get specific pricing during your phone consultation. It is important to remember that we are working for you and not your creditors, so we save you the most possible money.
We help thousands of people get out of debt every single day! You could be next – call us for your free consultation to see how much you can save.