What is Debt Settlement?

Debt settlement is a way to get rid of unsecured debt like credit card debt without the negative side effects that filing for bankruptcy has. It is a great debt relief solution for people who have high credit card debt (usually $10,000 or more) and are struggling to make the minimum monthly payment. Enrolling into our debt settlement program has many advantages such as significantly lowering the amount owed as well as cutting the amount of time to pay off a balance so that you can be debt free in 12 to 36 months. Our debt settlement program offers you a significant drop in monthly payments compared to what your minimum payments were with the credit card companies.

Benefits of our Debt Settlement Program

In 2008, Superior Debt Relief settled unsecured debt totalling $28,706,680 for $11,105,590. Saving over 60% of what was originally owed to the creditors! With this debt settlement program, you can revise existing debts to avoid bankruptcy (and the 10-year stigma that comes with it) and avoid taking out an additional high-interest loan that could make your situation worse. Our debt settlement experts will engage in tough debt negotiations with your creditors to reduce your total unsecured debt. You will get a plan with a low monthly payment that fits your budget and still become debt free in a fraction of the time it would take making minimum payments, taking out a debt consolidation loan, or entering into a consumer credit counseling program.

How the Debt Settlement Program Works

Step 1: After completing the form above, you will be contacted by a Certified Debt Settlement Consultant who will assess your financial situation and determine if their debt settlement program is right for you.

Step 2: Your Certified Debt Settlement Consultant will assist you in collecting the necessary information and documentation. Your consultant will put together a plan that includes a low monthly payment, which will be put into your own Special Purpose Account.

Step 3: Once enrolled a Certified Debt Negotiation Officer will be assigned to you. They will help reduce creditor harassment, provide you with advice and guidance as well as enter strong negotiations with your creditors to settle your debts for less than what you owe.

Step 4: Once an acceptable debt settlement offer in writing is received from the creditor, the funds from your Special Purpose Account will be sent to pay them off. You will then be sent a written document from your creditor confirming that your debt has been paid in full. This is repeated until all creditors have been dealt with and you are debt free.

Step 5: When all of the debts in the debt settlement program have been settled, they will provide you with advice to help you stay debt free, improve your credit and maintain a financially secured future.