Debt settlement is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. Debt settlement is an appropriate option for people who may otherwise be considering bankruptcy due to some type of financial hardship. Creditors are usually willing to settle for less than the amount owed when a person is under financial strain. If the person is forced to declare bankruptcy, the creditors often receive nothing. Debt One Financial assists clients by establishing an affordable monthly savings goal to save money for the settlement of the debts. Ultimately as each account is settled, the creditors will consider the accounts paid with a zero balance. Once debt has been paid off through a settlement program, a client is then free to rebuild a solid credit profile without the burden and stress of outstanding debt.

Debt One Financial works diligently and professionally with your creditors on your behalf to settle your unsecured debt for a fraction of what you owe by arbitrating an agreed settlement amount with your creditors. Once the total debt amount is lowered, it is obvious that the monthly installments that you owe will be lower too. This helps to solve your problem quite easily.

We will set you up with an affordable monthly payment, which is determined on a client-by-client basis between you and a counselor. Based upon what you are able to pay each month into your settlement account, we can determine approximately how many months you will be part of the program, and ultimately be debt free. Throughout the program, we communicate with your creditors on your behalf and eventually you will no longer be dealing with burdensome phone calls and letters from your creditors. Debt One Financial maintains and continues to develop relationships with creditors throughout the country. By establishing cooperative and professional relationships with each creditor we are able to reach the most favorable settlement offers for our clients. Debt settlement companies are independent companies not affiliated with your creditors which means we work directly and 100% for you!

The Debt Management Programme can be an ideal way to turn your loans, credit cards, store cards and overdrafts into one affordable, single monthly payment so that you can pay off your debts and get on with your life.

A debt management plan is designed to help you make affordable and sustainable repayments each month to your creditors.

But trying to get all your creditors to agree to reduced payments can be hard work, especially when their collection departments only know one word, “No”.

Your debt manager will:

Go through your finances with you; Prepare a Financial Statement and Budget; Agree an affordable monthly payment with you; Negotiate with your creditors; Distribute 100% of your payment to your creditors.

Turning your debts into one single monthly payment makes your finances much easier to manage. We will also speak to your creditors in order to negotiate reduced payments and request that the interest and charges are stopped or reduced. This means your monthly payments go towards clearing your actual debt rather than covering only the interest and charges.

Tell us about your financial situation. We’ll review your debts, discuss your options and help you to decide if Help DEBT UNDER MANAGEMENT is the best solution for you.



By: DEBT ONE FINANCIAL

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