Debt Settlement

What is Debt Settlement?

Debt settlement, also commonly known as debt negotiation or debt arbitration, is one of several approaches a consumer can take when it comes to reducing debt. In debt settlement, the consumer (debtor) and the creditor “settle” the debtor’s debt by agreeing on a reduced payment that is considered as payment in full, effectively closing the account and resolving the outstanding debt. Debt settlement has become a sensible option for hundreds of thousands of debtors across the United States and is a great alternative to bankruptcy. Florida Debt Settlement by Premier Debt Solvers is an industry leader in debt settlement.

Why Debt Settlement?

When a consumer files for bankruptcy, their creditors lose money, as a result creditors are prone to agree on a mutually beneficial settlement with the debtor. This not only plays out in the debtors favor, but this benefits the creditor or bank as well. From the consumer standpoint – they are happy as they are able to settle their outstanding unsecured debt for a lesser percentage of what they owe. The creditor is happy as well, because they are able to at least receive some money back as opposed to bankruptcy. Depending on the amount of debt and the payment amounts a consumer is capable of will dictate the completion time of a debt settlement or debt negotiation. A debt settlement or debt negotiation program with Florida Debt Settlement by Premier Debt Solvers can be concluded in as little as a couple months, all the way up to sixty months.

How Do You Negotiate Debt?

Florida Debt Settlement by Premier Debt Solvers’ debt settlement/negotiation specialists have developed relationships with numerous lending institutions and creditors. These relationships help us acknowledge our client’s best interests, as well as arrange the best possible deal to settle their debt. Florida Debt Settlement by Premier Debt Solvers understands the hardships associated with everyday life especially when also dealing with outstanding unsecured debt. Our professional customer service team along with your personal debt settlement coach will guide you through your personalized financial plan to debt relief.