A debt relief program is meant for those who have a large amount of debt and need a settlement to pay off a smaller amount. This type of settlement program works best for people who have fallen behind in their payments and have debt in collections.

As the person in debt, you can choose to negotiate the settlement amount yourself, but debt collectors can be very aggressive and hard to deal with, so it is a good option to sign up with a debt relief program. There the person in debt will be working with a professional who specializes in negotiating with debt collection agencies.

It is important that once you, or the agency you sign up with, come up with a payment plan to settle the agreed upon amount right away. The goal is to pay it off in as few payments as possible, so you don’t get stuck paying more interest on the debt. Another upside of signing up for the debt relief program and working with an agency, is that they are established with third party banks that can set up the payments to go out automatically, so they payoff is set up and run for you!

The best way to find out if you qualify for a debt relief program is to call a debt settlement agency. Make sure they provide a free no strings attached consultation. You can speak to them and then make a decision on how to proceed. The agency you choose should never tell you to stop making payments. They should be willing to work with the debt you already have in collections.

Please reach out to us to see if you qualify! (646) 770-1440 for a free debt consultation!