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Wednesday, September 08, 2010

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How Does Debt Settlement Work?

Priority #1 is helping you with your credit card debt!

Paying off credit card debt is most important when becoming financially secure, and debt settlement may be your best option. Our debt settlement program is simple and will take some of the monthly burden off of your shoulders!

How it works:

We will set you up with an affordable monthly savings plan, (which is determined on a client-by-client basis between you and a counselor at Liberty Settlement Group). Based upon what you are able to set aside and save each month in your trust account, we can determine how many months you will be a part of the program, and ultimately determine when you will have this situation under control.

Upon enrollment, your creditors will be contacted immediately in writing. These letters are to request them to no longer contact you by telephone, only by mail. Reaching a settlement can be a very lengthy process, and usually takes several phone calls and communications between Liberty Settlement Group and the creditor. Once a settlement offer has been reached, and you as the client have agreed on this amount, we will obtain that settlement offer in writing from the creditor. We will then authorize a check to be distributed from your trust account and overnight this to the creditor.

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