Debt Settlement Facts - Information about Debt Negotiation and Settlement from Practical Debt Relief

Many companies don’t want you to know the truth about debt settlement. In this special report, we clearly lay out the pros and cons of debt settlement – letting you make an informed decision to benefit yourself and your family.

Take a look at some of our debt settlement success stories*:

In case study 1, we have the story of a man who stopped making the amount of money he used to. Suddenly, the minimum payments became a burden on his cash flow. The income change and high credit card debt led him to seek debt settlement to reduce his debt. We recently settled his US Bank Account for 16.2 % of his balance.
Click here to see a real copy of the agreement

In case study 2, we have a client who has difficulty paying her minimum payments and was getting frustrated with her balance that was not moving. She was missing payments on her credit cards due to other expenses that she has. When she missed her payments, she would have late fees added to her credit card balance. Her situation was getting out of control. We recently settled on her GE MONEY Account for 21.75 % of his balance.
Click here to see a real copy of the agreement

In case study 3, we have a client who experienced a financial hardship that was not able to pay her minimum credit card payments. The client tried calling the bank to negotiate the rate but they brushed her off. Her financial hardship led her to seek debt reduction to help reduce her credit card debt. We recently settled on her Bank of America for 20.02 % of her balance.
Click here to see a real copy of the agreement

In this report, you’ll learn:

A special bank account you need to set up BEFORE doing anything else
The facts about what will REALLY happen to your credit score.
The name of an organization ALL reputable agencies belong to
Who qualifies for debt settlement [hint: it’s not everyone
What types of debt CAN and cannot be settled
How likely it is for you to be sued
If a creditor can take your house or not
The tax consequences of debt settlement
The estimated time it will take to settle your debt

*Clients who are able to stay with the program and get all their debt settled, have realized average savings of 60% before fees, or 45% including our fees, over 24 to 60 months. Including clients who have not completed the program, our clients saved on average 42% before fees, or 27% including our fees over 24 to 60 months. Not all clients complete our program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. Settlement results shown reflect actual settlements negotiated with our clients' creditors on enrolled balances and do not include 20% administration fee. These statements and case studies are examples of past performance and are not intended to be a guarantee of any future settlement results. We do not guarantee that your debts or monthly payments will be lowered by a specific amount or percentage, or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Not available in all states. Please contact a tax professional to discuss tax consequences of settlement. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating.