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Debt
settlement or debt arbitration is a legal process used by people
or companies in debt to negotiate a settlement of an existing
legal debt with their creditors. Debt Settlement is not the same
as Consumer Credit Counseling or Debt Consolidation. Debt
settlement is the consumer equivalent of a business hiring a turn
around specialist to help them settle their debts with creditors
and get the company back on track.
Any person owing credit card
debt, or any other debt, has the legal right to contact and
negotiate with their creditors. However this practice takes time
to master knowledge of the credit industry and sharp negotiation
skills to get the maximum benefits.
Debt Elimination Advisors typically will reduce your
current unsecured debt balances
40-60%
*
by negotiating
an agreed settlement amount with your creditors.
Debt
settlement companies correspond with creditors on a debtor's
behalf and assists debtors by establishing a monthly savings goal
for the settlement of the debts. Debt settlement can almost always
be accomplished using the correct approach with a particular
creditor. This can be done best by hiring an experienced third
party. For the best results and least stress, have an expert, like
Debt Elimination Advisors,
contact the creditors rather than trying to do it yourself.
Debt
Settlement Quick Facts
It is rapidly becoming the top method
for consumers to get rid of problem debt.
It invoices independent companies
that are not affiliated with your creditors or paid by your
creditors like consumer credit counseling.
The client's debt is paid off in
anywhere from 15- 36 months depending on cash availability.
Debt settlement affects credit much like debt consolidation firms
except the settlement is ultimately paid
by the consumer directly to the creditor, unlike with a
consolidation company.
Debt settlement lowers your debt to income ratio more quickly than
Consumer Credit Counseling, which
represents a significant factor in your ability to quality for a
loan.
You will typically end up paying only
40-60% * of your current balance.
 (Free
Consultation with a Professional Debt Specialist)
Debt Elimination Advisors is
successful because our Senior Debt Specialists are highly trained
and motivated debt negotiators who carefully structure a debt
negotiation action plan for each and every client.
Debt Elimination Advisors mission is to settle your
debts while keeping you away from debt consolidation companies and
the bankruptcy court. Your success also depends on a total
commitment by you to work with our experienced staff as we form a
partnership to settle your debt. Our Team has helped hundreds of
people just like you get out of debt. Let us help you!
 You
will need to retrieve your creditor documentation (most recent
statements) so that our Debt Specialist can assist you in a timely
manner. You may be asked for details of creditors as necessary.
We will help you through this process - step by step. Call and
speak with a Debt Specialist and see how you can count on Debt
Elimination Advisors to
settle your Debt and give you peace of mind!
 (Building
a Debt Settlement Plan for you)
After
determining the most comfortable debt settlement plan for you we
will send you approved registration forms. The forms will provide
us with your personal information as well as information about
your creditors. After we process your information and establish
your plan we will immediately start working on your case by
contacting all your creditors.
We
will assist you in communicating with creditors by providing you
forms and letters that should reduce the call volume and/or
collection attempts. This process will vary as creditors change
their collection method from time to time.
Our
Debt Negotiators will start negotiations with all your creditors
to obtain the best settlement possible. Our Debt Negotiators are
paid on commission, based on performance. They get paid more to
get you the best settlement. Our average settlements range from
40-60% of your total balance .
 (Setting
up an Affordable Low monthly payment plan)
Debt
Elimination Advisors will work with you to determine an
affordable low monthly payment to put towards your debt settlement
savings fund. When a comfort level is met with the appropriate set
monthly amount, these funds will be dedicated to your debt
settlement. These funds must be set aside each month so that our
debt negotiators can use the savings to negotiate a settlement
with your creditors.
We
provide a variety of programs to choose from depending on how fast
you want to be debt free. Programs range from 15-36 months
depending on the size of debt. Some cases may differ from others
and one of our Debt Specialists will be able to provide you with
actual requirements for your individual debt situation.
A
Debt Elimination Advisors client service representative will contact you monthly
to make sure everything is going as planned. If you have any new
information or questions your client service representative will
be happy to assist you at that time. You will also be given a
direct line to call anytime with any concerns or questions you may
have.
 (Our
process in settling your debt with your creditors)
Working
with creditors can be a timely process of negotiations between the
creditor and our company who represents you. Our program is
structured for you, and is set up so that when you have a
reasonable amount of negotiating funds our debt negotiators will
begin the process of getting you the best percentage off of on
your total debt. Creditors know that
approximately 30% of the almost 2 million bankruptcies last year
occurred on debt that was current. Creditors do want to
settle and it is just a matter of using the right negotiating
strategies to accomplish the best result.
A
copy of the debt settlement letter from the creditor is sent to
you for your approval if it is greater than 50%. After a
settlement is agreed by both you and the creditor your personal
debt settlement savings account will then provide the funds for
the settlement. Remember, Debt
Elimination Advisors is working for you and not your
creditor.
Let us be the
First and Last Step in getting you out of debt
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