Erasing Debt's Debt Settlement program is a process which may allow a consumer to legally eliminate outstanding unsecured debts to current or past creditors and serves as a very practical alternative to the stigma of personal bankruptcy. Erasing Debt's debt settlement program is not a credit counseling service or a consolidation loan; it is THE PROCESS OF ELIMINATING YOUR OUTSTANDING DEBTS. Any individual owing credit card debt, medical bills or other unsecured debt has the legal right to negotiate their debts. If you are experiencing genuine financial hardship and have a sufficient amount of qualifying usecured debt, then debt settlement maybe a practical, legal solution for you.

The Credit and Banking Law Group, P.A., a national law firm dedicated to helping consumers with debt resolution, can negotiate the settlement of your debts and help you to potentially become debt free much sooner than you may realize is possible. Our staff of dedicated professionals recognizes that anyone can get deeply in debt. We are here to provide you with a legal debt relief plan tailored to your current situation.

Debt Settlement may not be right for everyone. Consumers should be certain that they can make the monthly payments and then carefully look into the pros and cons of debt settlement before making a decision. Additionally, it is important to remember that although debt settlement might worsen your credit in the short term, the long term effects of debt settlement are to pay off debt completely. The Credit and Banking Law Group, P.A. is dedicated to helping consumers by offering a comprehensive legal program for becoming debt free while avoiding the repercussions and stigma of personal bankruptcy.

How is Debt Settlement different from a Debt Consolidation Plan?

Debt settlement is a legal solution designed to negotiate settlements based on what you can afford to pay your creditors. The amount of time required to complete a debt settlement program can depend on several factors, including how quickly you are able to accumulate adequate settlement funds. Typically, a legal debt settlement program allows a consumer to become debt free in 2-3 years.

With Debt Consolidation, also known as Credit Counseling, payments are based on creditor guidelines. It can take quite a bit longer to become debt free as the consumer pays back the entire debt, however, creditors are often willing to waive late fees and lower interest rates during the repayment period.

Can ALL of my debt be negotiated?

Any type of unsecured debt can be successfully and legally negotiated. An unsecured debt is one that is not attached to a specific tangible item that could be repossessed by the creditor. For example, a car loan or a home mortgage cannot be included in a debt settlement program because the creditor could legally repossess your car or foreclose on your home. However, credit card debt, medical bills that have been turned over to collection agencies, store cards, signature loans, any unsecured lines of credit and revolving charge accounts are all types of unsecured debts that can be included in our legal debt settlement program. Student loans are generally government backed and cannot be discharged even in a bankruptcy proceeding, however, private student loans that are not government backed may be eligible for inclusion in a legal debt settlement program.

Can I negotiate settlement of my debts myself?

Although it is possible for a consumer to negotiate settlement of one's debts, there are several important aspects about the process that should be taken into consideration:

1. Debt settlement negotiation can be a VERY TIME CONSUMING PROCESS. With busy work schedules and other life responsibilities, many people simply do not have the time to allot to the intricacies of the process.
   
   
2. Creditors and collection agencies are well versed in strategies designed to pressure and sometimes trick consumers into paying. Our experienced debt negotiators have received training to overcome the HARD PRESSURE TACTICS USED BY CREDITORS to successfully negotiate settlement to your benefit.
   
   
3. It is crucial to understand the nature of HOW THE SYSTEM OPERATES in order to successfully negotiate a satisfactory resolution of one's debts. Our dedicated staff of experienced professionals will negotiate with your creditors on your behalf to legally reduce or eliminate your unsecured debts.

Is Debt Settlement for you?

While debt settlement is not suitable for everyone, its flexible nature makes it applicable to a wide range of financial circumstances. If you are overwhelmed by debt, and you'd prefer to avoid the repercussions of personal bankruptcy, then debt settlement may provide you with a viable and legal debt relief alternative. Take the first step to debt relief and request a free debt analysis by contacting one of our representatives today.

Let one of our debt specialists explain how our Debt Settlement or Debt Consolidation programs may be the best answer for you. Call us today for a CONFIDENTIAL NO-OBLIGATION REVIEW of your financial situation and debt picture.