Debt Settlement

Lower Your Debt with debt settlement

Debt settlement, also known as debt negotiation, debt reduction, or debt resolution, is the process of working to resolve debts for less than what a consumer owes. Point Break National Debt Relief acts as our client's advocate, working to lower principal balances and to resolve debts so that our clients can achieve financial freedom. Point Break National Debt Relief negotiates directly with our client's creditors while the client accumulates funds for the settlement through a monthly program payment.

Point Break National Debt Relief only charges fees related to debt settlement once we have successfully negotiated down our client's debt and they approve the settlement. Debt settlement is optimal for individuals or families who are in financial hardship or struggling with large debt burdens, and those who are looking for an alternative to bankruptcy. Debt settlement programs help qualified clients who stay with the program fully resolve their enrolled debts in approximately two to four years.

Unlike other forms of debt relief, debt settlement is based on the future resolution of a consumer's accounts, which means that results vary significantly and it is very important to only work with a qualified and accredited CDS Certified Debt Specialist provider.

Debt Settlement Pros

Along with the potential of reducing the total principal owed, debt settlement programs provide one low monthly program payment. This program payment is used to accumulate funds for the settlements, and is typically significantly less than minimum payments and the monthly payment required by a credit counseling firm; consumers who stay with and complete a debt settlement program may be able to resolve all enrolled debt within two to four years, vs. five years for credit counseling or frequently up to 15 years (or more) when simply making minimum monthly payments; compliant and ethical debt settlement companies only charge fees associated with debts that they actually resolve. No conflict of interest exists with creditors, because the debt settlement provider receives no payments from credit card companies and acts solely as the consumer’s credit advocate.

Unlike other forms of debt relief, debt settlement is based on the future resolution of a consumer's accounts, which means that results vary significantly and it is very important to only work with a qualified and accredited CDS Certified Debt Specialist provider.

Debt Settlement cons

Debt settlement can have a negative impact on credit scores, because consumers do not make payments to creditors while they are accumulating settlement funds; also, creditors or collectors are likely to contact consumers during the settlement period (consumers should expect help with managing collection calls from a good debt settlement company that acts as their credit advocate); fees and interest will accumulate during the settlement period, and should be taken into account when calculating savings; creditors can take legal action against consumers for unpaid accounts during the settlement period.

Unlike other forms of debt relief, debt settlement is based on the future resolution of a consumer's accounts, which means that results vary significantly and it is very important to only work with a qualified and accredited CDS Certified Debt Specialist provider.

Who Debt Settlement is Best For

Debt settlement is best suited for individuals who are struggling with very serious debt, who cannot make required minimum payments, and who would otherwise be considering bankruptcy or credit counseling. For consumers seeking a low monthly program payment and who want to resolve debts relatively quickly, debt settlement will be the best alternative.

DISCLAIMER: Read and understand the program before enrollment. Our program is unavailable in all states and fees may vary from state-to-state. We do not guarantee your debts will be resolved within a specific time or for a particular amount or percentage. Not all clients are able to finish their program for various reasons, including an inability to save enough funds. Estimates are based on our partners actual prior results, which will always vary depending on your specific circumstance, including your enrolled creditors and program terms. Using debt settlement services will likely adversely affect your credit, may subject you to collections or lawsuits by creditors or collectors, and may increase the overall balances of your enrolled accounts due to accrued interest and fees. We do not assume your debts or make monthly payments to your creditors. We do not provide tax, bankruptcy, accounting, legal advice or credit repair services. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution.

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