The Process By Which Debts Are Settled

 

STEP 1

sign a debt settlement agreement

Call us to enroll as few or as many of your debts as you like. One of our debt resolution specialists will provide you with an estimated amount of money you will need to set aside towards settling your debt, explain how the program works, present you with options if you experience creditor harassment and send you an agreement to sign via email. This agreement will spell out for you in writing our services, how and when we get paid (we earn $0 until we provide you with an offer on your credit card!), how your FDIC insured special purpose account works, when you can expect your first settlement, and the ramifications of not paying your creditors monthly.

 

STEP 2

 

Special Purpose AccountIf you choose to do so, we will facilitate the opening of a special purpose account for you at Global Client Solutions. This FDIC insured account is set up for the sole purpose of accumulating funds which we will ultimately use to settle your debts with your creditors. There are many advantages to having a special purpose account like more privacy (you don’t ever have to give creditors your real checking account information, 100% control of the funds by you in the account, and a way for funds to build without the temptation to spend the money elsewhere monthly. Global Client Solutions has facilitated millions of special purpose debt settlement accounts and has a AAA rating with the Better Business Bureau, ensuring your money is in good hands.

 

STEP 3 (OPTIONAL)

Consumer Justice Center
Enroll in the Consumer Justice Center’s Debtor Rights Protection Plus Program – We work with a consumer advocacy organization that specializes in shielding you from harsh and unethical creditor collection practices. If you stop paying your creditors they have the right to pursue collection actions against you. However, collectors are bound by a law called the Fair Debt Collection practices Act. This law is not always followed to the letter. Collectors prey on the hope that you are not fully aware of your rights under this law. Consumer Justice Center works directly with you to make sure all your creditors follow the FDCPA and any violations are pursued with full force. Penalties can be severe and creditors have been known to completely wipe out your debt as a settlement against a proven violation. Be sure to ask your debt resolution agent about Consumer Justice Center and how they can help you through this process.

 

STEP 4

 

Allow your savings to build up in your special purpose account. Once a month we check your balance and see if there is enough money to negotiate a successful settlement with any of the creditors you have enrolled in the program. Many times we are able to get your first settlement in the first few months. Even though you have not had enough time to save a lump sum settlement, our relationships allow us to set up settlements paid over 3-14 months. That means you will usually see your first settlement from us pretty quickly. The real beauty of this program is that we make no money until you receive your first settlement. We also make our money on how much we have saved you so it is in our interest (and yours) to get the lowest possible settlement amount!

 

STEP 5

 

Once one debt is successfully negotiated we move onto the next. We repeat this process until all your debts are settled. If along the way we are able to settle more than one debt at the same time we will present you with multiple offers. You may be required to find additional funds to cover multiple offers however you are absolutely under no obligation to do so. If you are able however, we can settle your debts quite a bit faster. Once your debts are settled, they should reflect settled with $0 owing on your credit report, putting you on the path to rebuilding your credit again!

Getting started is easy. Simply complete the form below or call us (800) 575-3701

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Free Debt Settlement Evaluation