The Debt Settlement Process - Step by Step:

So you have analyzed your finances and decided to give debt settlement a shot before opting to file for bankruptcy. You have done some research, and have chosen Premier Financial to help you manage your debt and advise you during this trying time. Congratulations, you have taken the first, and perhaps the hardest, step towards becoming debt-free. But, what’s next?

The debt settlement process begins with enrolment. You can start by either filling out a consultation form online at www.premierdebthelp.com, or you can call the company directly at 732-224-9995. A debt settlement consultation with Premier Financial is free. It only takes one phone call for a debt settlement specialist to make a customized plan to help you reduce the amount of your debts and pay them off promptly. The proposed plan will be designed with your finances and your goals in mind, thus making the plan viable and realistic. You will pay one monthly payment that will be determined according to your debt and finances. The payment should be less than what you are currently paying as a minimum to the creditors. The debt settlement specialist will also review any other options that you may have, or that might be suitable for your individual situation.

Once a program has been devised, you will have to sign some paperwork, most of which explains the details of the process. Be sure to read everything and bring any concerns to the attention of your debt settlement counselor. It is imperative that you make an informed decision in regards to managing your debt. After all the enrollment paperwork has been completed, the policies and procedures of the plan can be enacted.

During the life of the program, which usually lasts an average of 24 to 36 months, you will have a debt settlement couch assigned to you who will be in charge of updating you on the status of your program. They will also be available to assist you with any questions or concerns that you may have during the process. Premier Financial also offers its clients the connivance of online account access.

There are a couple things that debt settlement requires of you. First of all, you are responsible for following the plan that was agreed upon by you and the debt settlement specialist. This plan was constructed as the best possible way to get out of debt, but it only works if you commit to following it. You need to follow the budget that was created, save, and pay the monthly payment. The company may also advise you to stop paying your bills and to avoid contacting your creditors. After enrollment, the company will act on your behalf and represent you in communications with your creditors. Many of the creditors will cease contacting you because of this, but the company cannot guarantee this for every creditor.

The company has many obligations to uphold their end of the bargain as well. They are responsible for starting a dialogue with your creditors and negotiating a lump sum payoff that is significantly less than the amount that you in fact owe. The debt settlement counselor will present the terms of the negotiations to you. This process will continue until you get debt relief.

Once you have completed a debt settlement program and fulfilled all your debts, it is important that you take pains to avoid getting into such a severe situation again. Educate yourself on responsible money management practices and follow a budget. Although debt settlement is a great tool for getting out of debt, you should focus on avoiding debt altogether in the first place. Please take the time to fill out our no obligation debt settlement form to see how we can help you get out of debt in 12 to 36 months!

Offering Professional Debt Settlement Help to 50 US States

List of States where we offer debt settlement