Bankruptcy Alternative

Debt Settlement and Your Other Options

Debt Settlement
Debt Consolidation
Debt Counseling
Bankruptcy
Do Nothing

Debt Settlement and Negotiation

  • Rapidly becoming the top method for consumers to resolve their debt problems.
  • Debt Settlement is not a loan. You do not have to qualify for it.
  • Negotiates based on your principal balance, saving you thousands of dollars in interest and finance charges that you would have paid over the next
    30+ years on your own.
  • Independent companies representing consumers, and not affiliated or supported financially by your creditors.
  • Offers affordable payments to satisfy the debt.
  • The debt is usually paid off 12- 36 months depending on payment plan you choose.
  • You control the money and the payments to the creditors.
  • Lowers your debt to income ratio more quickly than Consumer Credit Counseling, which represents a significant factor in your ability to quality for future credit, and improves your overall credit score.
  • Debt Settlement is perfect for those that do not want to get a loan and keep paying interest forever.

To explore your options and a customized solution based on your personal circumstances, please contact one of our debt specialists to learn more. Our program will enable you to be debt free within a 12-36 month time period while eliminating 40-60% of your debt.
Name:
Phone:
Call Time:
Email:
State:
Debt $:
$5,000 min.

Debt Consolidation Loans

  • Need to qualify first.
  • Requires ownership of Real Estate property or a pledge of collateral.
  • Home Equity loan reduces future equity available in your property.
  • Missing payments could cause you to lose your home or the collateral you pledged.
  • A transaction fee is usually required upon closing or built into the interest rates.
  • Payback can be 10-20 years depending on debt balance and ability to pay back loan.
  • You will pay back the full amount of your debts.

Bottom line: You are exchanging your unsecured debts for a secured debt - a big risk. We are financial turnaround specialists and have unique offerings that address nearly every debt problem.

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Consumer Credit Counseling

(sometimes thought to be debt consolidation)

  • These companies are generally funded by the credit card companies themselves.
  • They are just another form of a 'collection agency' representing the creditors.
  • Your principal balance will often take 5-10 years to pay down.
  • You will pay over 25% of principal balance in interest fees over the first three years.
  • You'll end up paying back your full balance plus interest, plus the fee to the credit counseling company.
  • These companies still charge a monthly 'donation', typically $20-$60 per month for the entire length of the program.  You will ultimately pay thousands of dollars to have the company pay your debt in full, plus interest.
  • Negative marks can remain on your credit report for up to 7 years.
  • This is also viewed by lending institutions as Chapter 13 Bankruptcy, since another company is controlling your money and paying your creditors for you.      

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Bankruptcy

  • Represents a severe negative impact on your credit rating for 7-10 years.
  • Can cost $1,000 or more to file.
  • May have a negative impact on your current or future employment status, as bankruptcy is part of public record forever.
  • In a Chapter 13, you may end up paying 25-75% of your debts back through the court system.
  • May result in higher interest rates on future loans.
  • Carries a negative stigma, mental stress, and other burdens.
  • Truly a 'last resort'. Bankruptcy should be avoided if at all possible.

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Do Nothing

Keep doing what you are doing and hope something changes

  • Interest rates usually average over 18% and can increase at anytime.
  • You'll pay nearly 50% of your original balance in interest alone over the first 3 years, and it will not make a dent on your principal balance.
  • If your rates are 25% or higher, it is virtually impossible to pay off your debt by making minimum payments.
  • It will take 20 to 40 years to become debt free with little room for obtaining additional credit.
  • If you've already fallen behind, your credit report is affected and you still have all the debt.

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Debt Settlement

Debt relief through debt settlement is found through negotiating a settlement amount of the total debt. Debt settlements are negotiated based on the principal balance, which saves thousands of dollars in interest and finance charges that would generally be paid over several years. The client will also be out of debt sooner with debt settlement than with most other programs that aid in providing debt relief.

Debt settlement allows a client to become debt free in 12-36 months. This allows the client's debt to income ratio to be lowered sooner, which represents a significant factor in a client's ability to qualify for future credit. Debt settlement also allows the client to control their money and the payments to creditors. Debt settlement is the perfect program for those that do not want to get a loan and keep paying interest forever.

Private Debt Solutions (PDS) specializes in providing debt relief for its clients by providing quality debt settlement programs. In addition, it keeps the information of its clients protected and private, allowing the client to feel completely confident during their debt settlement program. PDS prides itself on providing quality debt settlement programs for the millions of people struggling to regain control of their lives.

Call us at 1.866.998.3328 or fill out our quick quote form online. The sooner you get started the sooner you will be out of debt and be able to enjoy more of your hard earned money.
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* Results may vary based on individual circumstances. Settlement estimates of 40 - 60% are examples of Private Debt Solutions’ past performance and are not intended to be a guarantee of future settlement results.

** Private Debt Solutions’ Services are only available in States where current law allows us to provide service.

Private Debt Solutions does not provide legal, tax or investment advice. Private Debt Solutions does not assist in the repair, modification, improvement, extension or correction of credit entries or reporting. Private Debt Solutions provides Debt Settlement Services privately. Some of the buzz words associated with Debt Settlement are: Debt Relief Services, AZ Debt Help, Debt Relief Company, Credit Card Debt, Avoid Bankruptcy, Alternative to Bankruptcy, Debt Help, Debt Negotiation.