PFS started doing debt settlement as a bi-product of doing loan modifications. People are in a tremendous amount of debt and in order to get clients ratios in line with modification guidelines we started settling other debts. The problem with most debt settlement companies is that they max out fee’s and tell the client what they want to hear rather than the truth. At PFS we do neither. We charge a flat 12% of the debt and we tell you like it is.
| 1. |
Debt settlement is a great way to get debt free very quickly, just make sure you use someone who tells you the truth about their programs. |
| 2. |
Your creditors will call you during the process |
| 3. |
You will not be extended any other lines of credit while you are in the program and you will not be able to use the lines that are being settled. |
| 4. |
Most debt settlement companies use back end servicing to settle your debt in bulk. |
| 5. |
Not all of your debts can be settled. |
| 6. |
Most companies do not start to settle your debt until you have been in the program for at least a year we start after the sixth month. |
The benefit of debt settlement is that you will not have any bankruptcies on your credit report and you will save thousands if not hundreds of thousands of dollars. You will be completely debt free in 36 months vs. spending years trying to dig yourself out of never ending debt. We use a backend servicer that provides free legal counsel for you and starts to settle the debt with in six months.
Debt settlement is a great way to get debt free very quickly, just make sure you use someone who tells you the truth about their programs. |
