What is Debt Settlement?  

With debt settlement a creditor oftentimes agrees to lower the outstanding debt of an eligible account by 30% or more, so you can pay off your debt.  
Debt settlement is sometimes referred to as debt negotiation or debt arbitration, and also debt consolidation. It can be a strong alternative to bankruptcy depending on your particular circumstances. 

Is debt settlement good for you?

If you are unable to get keep up with minimum payments and the tremendous burden of high interest, debt settlement programs can help you eliminate that debt by creating a savings plan and working with your creditors to accept a payment for a reduce amount. This is a program for people experiencing financial hardship for a variety of reasons including, but not limited to, diminished income due to the recession, an injury, or the loss of a loved one. You can also use debt settlement if a creditor has threatened to file a lawsuit against you for not making payments. Creditors will sometimes sell off the debt accounts to collection agencies. Collection agencies will sometimes harass and bother debtors and use abusive language when they recover debts. If the creditor wants to sell your debt account to a collection agency, it will be a wise to choose debt settlement to assist you in resolution of the account.

Some things to think about when deciding on Debt Settlement:

1. Figure out how much debt you have. Check your credit card statements and add the outstanding balances.
   
2. Do you qualify for debt settlement? Debt settlement is available to people who owe more than $5,000.
   
3. Do you have the money for debt settlement? Debt settlement programs create a savings account in which you deposit funds every month to create a savings with which the debt arbitrators will use to negotiate a settlement with your creditors. You need to be able to fund this account to be successful in the program.
   

Below are several examples of actual credit card settlements we negotiated for clients. Although we can't guarantee the same results, we will work very hard to achieve the same or perhaps even better results for you.
 
We will use our vast experience negotiating with creditors to achieve the lowest possible settlement. We have negotiated with virtually all of the large creditors and many smaller creditors and we usually know what is possible before we start negotiating.

As you might expect we have blacked out the personal information on the examples below to protect the privacy of our clients. Please keep in mind that individual results may vary based upon a large variety of circumstance and prior results do not guarantee future performance.  

We are a debt relief firm with headquarters in Brooklyn, New York.  Our staff will help analyze your financial situation and determine which route is best for you and will oversee the entire debt resolution process. All of our programs are administered by professionals who are experienced in the industry and can give you the guidance and support you need to succeed.

A debt settlement plan is a comprehensive financial and strategic plan to eliminate your existing debt through proper financial management and through the settlement of your debt at significantly reduced amounts. Debt settlement is a low-cost approach to unsecured debt management and elimination. Our debt settlement services include, but are not limited to a specialist negotiating with your creditors to settle your debts for amounts significantly less than what you currently owe. Our debt settlement services typically result in a significant reduction of your principal balances.

Learn how to settle credit card debt brooklyn from a New York based debt settlement company and credit law firm serving NY: Bronx, Queens, Staten Island. We are attorney lawyer based debt help dept relief and debt reduction and elimination agency. We would be happy to explain the differences between debt consolidation, debt settlement, chapter 7 and chapter 13 bankruptcy in your pursuit of financial freedom.

The office offers  assistance with a variety of options for getting out of debt, how to get out of debt, how to become debt free by utilizing the services of a lawyer and attorney based debt relief agency. If you have been served a summons and complaint and are contemplating whether to submit an answer, contact a new york debt settlement and credit lawyer to help you decide whether Bankruptcy, Debt Settlement, or other debt relief option will be beneficial with assistance from a credit attorney in New York.

Bankruptcy will stay on your credit report for up to 10 years. With a Brooklyn Debt Settlement & Credit Attorney your credit rating is protected from bankruptcy and your debt may be significantly reduced. Debt settlement makes you debt free without having to suffer the longer-term financial, emotional effects of bankruptcy.

It is important to keep in mind that Chapter 7 or Chapter 13 consumer bankruptcy can be a beneficial option depending on your particular needs and circumstances. Our office will help you determine which options are available to you so that you can may a well informed decision on how to eliminate your debt.

Some of the debt collectors and creditors that we work with are: Mel S Harris, Forster & Garbus, Rubin & Rothman, Kristen Mantyla of Portfolio Recovery Associates, Sharinn and Lipshie, Kirschenbaum & Phillips, P.C., Solomon and Solomon, P.C, Goldman & Warshaw, P.C., Eltman Eltman and Cooper, Eric M. Berman, P.C., Stephen Einstein & Associates, P.C., Fabiano and Associates, Jones Jones Larkin O’Connell, Panteris & Panteris, LLP, Zwicker and Associates, Relin, Goldstein & Crane, Woods Oviatt Gilman, Leschack & Grodesnky, Hayt Hayt & Landau, Pressler & Pressler, Jaffe & Asher, Mullen & Iannarone, Arnold A. Arpino & Associates, Houslanger & Associates, Mann Bracken, LLC, Smith Carroad Levy & Finkel, McNamee, Lochner Titus & Williams, Thomas Law Office, Eric Ostrage Cullen and Dykman LLP, Winston & Winston, P.C., Forster & Garbus; Sharinn and Lipshie; Kirschenbaum & Phillips, P.C.; Solomon and Solomon, P.C; Goldman & Warshaw, P.C.; Eltman Eltman and Cooper; Eric M. Berman, P.C.; Stephen Einstein & Associates, P.C.; Fabiano and Associates; Jones Jones Larkin O’Connell; Panteris & Panteris, LLP; Zwicker and Associates; Relin, Goldstein & Crane; Woods Oviatt Gilman; Leschack & Grodesnky; Hayt Hayt & Landau; Pressler & Pressler; Jaffe & Asher; Mullen & Iannarone; Arnold A. Arpino & Associates; Houslanger & Associates; Mann Bracken, LLC; Smith Carroad Levy & Finkel; McNamee, Lochner Titus & Williams; Thomas Law Office; Fleck, Fleck & Fleck; Eric Ostrager; Cohen & Slamowitz, LLP; Cullen and Dykman LLP; Winston & Winston, P.C.; Cooper Erving & Savage, LLP; Robert P. Rothman, P.C; Gerald D. DeSantis; Greater Niagara Holdings, LLC; Rodney A. Giove; Advanced Litigation Services, LLC; and Jason L. Cafarella.Cooper Erving & Savage, LLP, Robert P. Rothman, P.C, Gerald D. DeSantis, Greater Niagara Holdings, LLC, Rodney A. Giove, Advanced Litigation Services, LLC, and Jason L. Cafarella. Asset Acceptance, Sherman Acquisitions, Sherman Financial Group, Alegis, NCO Group, Portfolio Recovery Assoc., Asta Funding,  Encore Capital Group, Midland Credit, Allied National, Interstate Risk Management Alternatives, RMA, JBC & Associates, Arrow Fin. Svcs., RJM Acquisitions, CAMCO (Capital Acquisitions & Mgmt Co), Excalibur, Cavalry Portfolio Services, Unifund Group, Phoenix Asset Acceptance, First Select Corporation, Providian, Collins Financial Services, Oliphant Financial Corp., OSI Portfolio Services, Mel S Harris, Forster & Garbus, Rubin & Rothman, Or one of these guys: Sharinn and Lipshie, Goldman & Warshaw, P.C., Eltman Eltman and Cooper, Eric M. Berman, P.C., Stephen Einstein & Associates, P.C., Fabiano and Associates, Jones Jones Larkin O’Connell, ge & Panteris, LLP, Zwicker and Associates, Relin, Goldstein & Crane, Woods Oviatt Gilman, Leschack & Grodesnky, Hayt Hayt & Landau, Pressler & Pressler, Jaffe & Asher, Mullen & Iannarone, Arnold A. Arpino & Associates, Houslanger & Associates, Mann Bracken, LLC, Smith Carroad Levy & Finkel, McNamee, Lochner Titus & Williams, Thomas Law Office, Fleck, Fleck & Fleck, Eric Ostrage Cullen and Dykman LLP, Winston & Winston, P.C., Cooper Erving & Savage, LLP, Robert P. Rothman, P.C, Gerald D. DeSantis, Greater Niagara Holdings, LLC, Rodney A. Giove, Advanced Litigation Services, LLC, and Jason L. Cafarella. Cohen & Slamowitz, Rubin & Rothman, Mitchell Kay & Associates, Midland Funding, GE Money Bank, Household Finance, Forster & Garbus, Malen & Associates, Portfolio Recoveries, Asset Acceptance, LR Credit, L.R. Credit, Capital One Bank, Palisades Collections, Palisades Collections, Portfolio Recoveries, LVNV Funding, Wolpolf & Abramson, American Express, Discover Card, HSBC, Eltman, Eltman & Cooper, Household Bank, Discover Bank, Citibank, American Honda Finance, MBNA, Beneficial Finance, American Express, Ann Thomas Law Firm, Ann Thomas Attorney, Chase Manhattan Bank. Debt Management Plan  Debt Management Solutions  Debt Reduction Management  Christian Debt Management  Debt Management Help  Debt Management Advice  Non Profit Debt Management  Consumer Debt Management   Debt Consolidation Programs  Debt Consolidation Loan  Debt Management Credit  Debt Management Services  Debt Management Programs  Debt Management Companies  Best Debt Management Reviews