Debt settlement program details
As complicated as it may seem, the Debt Settlement Program is actually quite simple and differs vastly from Consumer Credit Counseling and Debt consolidation. The program lowers your debt to income ratio more quickly then Consumer Credit Counseling.
We begin by settling you up on an affordable monthly payment and based on the amount you are able to afford each month, we will determine your program length. This all is determined on a client by client basis between you and a counselor at US DSP.
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We then take over all communication with all of your creditors, on your behalf, so you are no longer dealing with the pressuring phone calls from them. |
Once you are enrolled into our program we immediately go to work for you. We contact all of your creditors individually, let them know we are representing you and that you are interested in settling your personal debt with them. Reaching a settlement often takes several phone calls, but once a settlement is reached, and you have been notified and agree to the amount, we acquire the settlement in writing from that creditor, and then direct you on how to go about dispersing funds to the creditor. Once the payment is accepted in full, you are free of that debt forever.
US DSP will then continue to work on negotiations with all of your creditors until you’re completely free of the once burdening debt you began our program with.
We work only for you, our client, not for the benefit of the creditors. Our main goal is to get you out of debt as soon as possible. Being free of your debt is the first step to becoming financially secure, so debt settlement is quite possibly your best option.
