Debt Settlement FAQ

1. What is debt settlement?

Debt settlement is an agreement between a creditor and a person in which the creditor agrees to accept less than the full amount owed and consider it as payment of debt.

• An example is you owe $10,000 to credit card A.
• Credit Card A agrees to you repaying $5,000 and forgive the remaining balance of $5,000

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2. What is a debt settlement program?

A debt settlement program involve a company negotiating with your creditors to lower your debt and settle on an amount lower than your current balance

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3. Who is best suited for a debt settlement program?

• Debt settlement is usually best suited for individuals with $10,000 or more in debt
• Individuals who a facing financial hardship and are having issues making credit card payments
• Individuals who want to pay off their debt without declaring bankruptcy

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4. What type of debt can DebtSettlementHQ.com help with?

We can help you with unsecured debt. Unsecured debt refers to debt without collateral attached.

Examples of unsecured debt we typically help with:

• Credit cards
• Retail credit cards
• Medical bills
• Personal loans

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5. How does the debt settlement DebtSettlementHQ.com work?

It all begins with our Free Confidential Consultation with one of our Debt Settlement Professionals. Once we understand your financial situation, we will work on a custom game plan designed to maximize your savings, and reduce your debt.

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6. How do I handle debt collector calls?

Once you are working with us, you can let your debt collectors know. We will provide you a special phone number to provide to any debt collector we are working to settle debt with.