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Making the choice for debt settlement may not be an easy step; but it can be a better alternative to bankruptcy. With the stress of late bills, loss of employment or other debt looming overhead, it's important to know that FFDS is working hard on your behalf.
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After you qualify, you will be matched with a professional debt consultant from our team. We will help you create an affordable payment plan based on your disposable income (the money left after you pay all of your expenses and taxes). We determine the amount of time it will take to pay back your debt in each individual case by three main factors: the total amount owed, what you can afford to pay each month and how much of a discount we can negotiate on your behalf.
In order to reduce your stress your new debt settlement representative will take over communications with your creditors so you will no longer have to deal with those harassing phone calls and letters.
At the start of the program we make contact with your creditors and inform them that you are interested in a settlement plan. We work with the goal of reducing the total cash needed, in order to settle your debt at the lowest possible cost to you. Often this means that we spend a lot of time in negotiations with your creditors. Rest assured that our skilled associates are very good at what they do, and we pride ourselves in doing the absolute best for you, our client. Once you have authorized an agreed upon settlement, we pay off the debt with funds from your settlement account and you become debt free!
Debt Settlement is a great alternative to bankruptcy.
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