Looking for a debt reduction solution? Nationwide Debt Reduction Services program can be a very effective method to resolve your debt. Here is a step-by-step overview of the program.

how it works

Step 1: Call or e-mail us for a for free debt consultation. We will assess your financial situation, consult with you to understand your goals, and evaluate your situation to design a customized program that fits your needs.

Step 2: We will work with you to determine the appropriate monthly dollar amount you can afford to save towards negotiated resolutions of your enrolled debt. This monthly savings amount is usually much less than your current minimum payments, and goes toward resolving your debt (not simply paying credit card interest charges). These monthly funds will be saved every month in a new dedicated savings account that you set up and control. The only fees we collect are those associated with debts we actually resolve for you. Once we determine an affordable monthly program payment that meets your budget, you will get an estimate of your program length. Typical programs are 36 months, although individual programs may vary.*

Step 3: Once you enroll in the program, we become your credit negotiator, working on your behalf. You are requested to avoid using credit while on the program so that we can work to resolve your debt.

Step 4: After funds have accrued sufficiently, we contact your creditors to negotiate resolutions on your enrolled debts. During the settlement and resolution phase of your program, we stay in contact with you to keep you apprised of the situation. You will have the opportunity to approve each settlement. Please note: Actual time to reach settlements vary by program. We are typically in a position to negotiate a successful resolution once you have saved at least 30% of an enrolled account’s balance.

Step 5: Once a settlement is successfully negotiated with a creditor, you will be asked to authorize the settlement. After the settlement is agreed to and payment is made towards that settlement, you pay only the fee associated with that individual debt.

Step 6: When the full settlement amount is paid, your creditors may report to the credit rating bureaus that your accounts are “settled in full,” “settled,” “paid,” “paid by settlement”, or “settled for less than the full amount.”  Either way, you no longer owe on this account and we will continue working hard on your other enrolled debts until they are all resolved!

*Clients who make all their monthly program payments pay approximately 40% of their enrolled balance before fees, or 58% to 60% including fees, over 12 to 36 months. Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds. Our estimates are based on prior results, which will vary depending on your specific circumstances. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Our service is not available in all states and our fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest.  However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest.