First Name Last Name: E-mail: Day Phone: Evening Phone: Best time to call: Morning Early Afternoon Late Afternoon Evening Select--> State: Select--> Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Unsecured Debt: what is this?       Select Amount $10,000 to $20,000 $20,001 to $40,000 $40,001 to $60,000 $60,001 to $80,000 $80,001 to $100,000 $100,001 and up Select-->

Debt settlement is the most efficient and least costly way to get debt relief without filing for bankruptcy. Debt Settlement is not a credit counseling service, debt consolidation program or a loan. Our debt arbitrators negotiate directly with creditors to eliminate high interest rates and reduce the principle balance up to 60%. Our debt specialists help our clients choose a budgeting strategy and manageable payment plan that will result in freedom from debt in 12-36 months. Once enrolled, we contact your creditors immediately and notify them that we will be negotiating on your behalf and to contact us in regards to your account. Utilizing our complimentary DAAN module, the harassing phone calls are then directed to us so you don't have to deal with them. Enrolling in any debt settlement program will adversely affect your credit during the initial phases of the program, but unlike bankruptcy once your debts ave been settled you are able to restore your credit. (Bankruptcy stays on your credit report for 7-10 years!) We negotiate the balances owed down as much as 60%. Practical Debt Solutions' debt settlement program will lead you to financial freedom.

	Save up to 60% of your debt oblationss & eliminate high interest rates Complimentary "DAAN" Module for initial 90 days of program Obtain debt relief in as little as 12-36 months Customize your monthly payment plan to fit your budget NO pre-payment penalties for early graduation of our program Certified & experienced debt specialists will guide you through the debt settlement        process

Our debt settlement services provide you immediate debt relief. Before you consider the negative effects of filing for bankruptcy or signing a contract with another company, speak with one of our IAPDA certified debt specialists. They will guide you through the debt settlement process and evaluate your individual needs. From there, they will analyze your budget to establish an affordable monthly payment plan that will be used specifically to settle with your creditors. Once you have researched our company as well as the many others, you will have more knowledge on "what makes a good debt settlement company" and "how the process works", you can make an educated decision of which company to go with. Most importantly, PDS works for you, not for the creditors. Allow our team of arbitrators to reach a settlement with your creditors which will get you back on the path to a debt free lifestyle.

What is debt settlement? 
Debt Settlement is a straight forward approach to debt reduction for individuals experiencing a financial hardship. Through debt settlement, the creditor and the debtor agree on a reduced balance that will be considered as payment in full. THis is commonly noted on a credit report as "paid as agreed", "settled in full" and/or "settled".

What is the minimum debt amount allowed? 
-Each unsecured amount you enroll into the program must have a balance of at least $500.00 or more.
-The total unsecured debt amount you must have to qualify for our program is $10,000.00, and there is no maximum.
-Even if you have hundreds of thousands of dollars in debt, with Practical Debt Solutions you can avoid bankruptcy and Consumer Credit Counseling Services.

How am I able to pay back only a fraction of my balance? 
Each account is handled on a case by case basis depending on the creditor. Exercising the FDCPA (Fair Debt Collections Practices Act) and FCRA (Fair Credit Reporting Act) our highly trained team of specialists will protect your clients throughout the debt settlement program as well as reaching some of the lowest bulk settlements in the debt settlement industry.

When will debt settlements begin on my account?
Upon processing of your first payment into our debt relief program, our highly trained team of debt arbitrators will initiate the debt settlement process on your behalf. Each of you accounts will be triaged and processed by their individual level of urgency. Not all accounts will be treated or dealt with the same. Typically, a "validation of debt" letter will be requested from all creditors to ensure proper servicing and possibly locate any billing inaccuracies and/or discrepancies noted on your account. "Limited Power of Attorney" along with the "Cease and Desist/Redirect" letters will also be disbursed. All correspondence sent on client's behalf will be via "certified mail" to protect our clients.

Why should I have Practical Debt Solutions settle my unsecured debt as opposed to doing it on my own? 
Our experienced debt arbitration department has settle med millions of dollars in unsecured debt through the years. During this time, solid relationships have been developed between Practical Debt Solutions and the many creditors and collection agencies. PDS has the upper hand over individuals and the competition as a result. We also negotiate using bulk settlements, allowing for the lowest possible settlements in the industry.

Will creditors & collection agencies continue to harass me once I enroll?
Since our client's peace of mind is extremely important to us, we provide each client with a complimentary "DAAN" (Debtors Activated Attorney Notification) module for the first 90 days of the program. This will assist in reducing or even eliminating the harassing calls. More details on the "DAAN" module are provided upon enrollment in Practical Debt Solutions debt relief program.

If I enroll, should I continue to pay monthly obligations to my creditors? 
Due to financial hardship, you may qualify for our debt relief program. Practical Debt Solutions is not here to advise anyone not to pay your debts. If you are capable of paying money into our program and make payments to your creditors at the same time, then you don't have a legitimate financial hardship and would not qualify for our program.

How will my credit score be affected during the debt settlement relief program?
Any alternative method to resolving a debt other than making scheduled payments to your creditor will have a negative effect on your credit score. There are too many unknown factors involved to figure how much a credit score will actually decrease during the program. The goal of our program should not be to quickly repair your fico score, but to rapidly and efficiently eliminate your unsecured debts. Ounce you graduate from our program and your credit report reports less debt or none at all, it will be rather simple to increase your score a that point. We recommend contacting a credit repair company to assist you with this process. (Ask your enrollment counselor for more details and contact information.)

If I miss a monthly payment during the settlement process, will I be penalized or terminated form the program?
The answer is NO. We will never penalize or terminate anyone due to a missed payment during the program. It is understood that things come up unexpectedly; all we require is that you contact your client services representative at least 7 days prior to your billing date to reschedule your payment. You must simply fill out and submit a payment "Action Form" in order to complete the payment rescheduling process.

 

What happens if a creditor refuses to settle my account? 
It is rare for a creditor not to settle. However, some creditors just won't. THese specific accounts will be identified by our debt specialists during the enrollment process. Your enrollment counselor will then advise that we are unable to enroll the specific account. Our experienced debt specialists will quickly identify these potential issues to prevent any risk to the client. Due to the fact that you have a legitimate financial hardship, creditors know that a settlement is in their best interest. If you were to file bankruptcy, they can be left with nothing at all. With debt settlement, creditors recoup liquidity and you get the freedom of debt relief!!

What is the difference between secured and unsecured debt?
Secured debt is a loan that is tied to something tangible like a mortgage or an auto loan. Unsecured debt is derived from credit that is extended without the use of collateral. A signature promising to repay the debt is the only requirement to obtain an unsecured debt.

What are examples of unsecured debt?
Some examples of unsecured debts are: credit card debt, department store credit card debt, medical bills, medical collections, personal loans, past due utility bills, or any other account in collections.

How long should I expect before my first settlement is reached?
Each account will differ based on the total amount of debt enrolled. Some accounts can take up to 12 months to settle, while others may take much less time. Some determining factors are the level of delinquency on account and availability of funds to settle. The settlement can not take place until monies are available.

How does debt settlement differ from debt consolidation?
Debt Settlement is a program designed to reduce up to 60% of your unsecured debts principal balance and eliminate you high interest rate payments. Debt Settlement saves you thousands and thousands of dollars!

Debt Consolidation is a program designed to simply reduce your interest rates among your creditors. Keeping your monthly payment the same as you originally paid, providing very little if any relief in your monthly payment. Depending on the amount of debt owed, debt consolidation could take decades before providing any debt relief.

How does debt settlement differ from bankruptcy?
Debt settlement is different from bankruptcy in many ways. Bankruptcy is generally referred to as a last resort. It will remain on your credit report for up to 7 years, denying you employment, insurance, state licenses, and even tenancy of an apartment. Most important, you can be denied and type of credit with a bankruptcy on your credit report. Bankruptcy laws have changed over the years and have become more difficult to qualify for Chapter 7 (the method of liquidating assets to eliminate your debt). Through bankruptcy, you are not allowed to discharge alimony, child support, taxes, student loans, judgments or any loan on the bankruptcy petition. Under Chapter 13 bankruptcy, your debt payments are restructured meaning you will still have to pay your debts while suffering the consequences and negative effects of bankruptcy. Debt Settlement is the #1 bankruptcy alternative. Practical Debt Solutions is a proud member of U.S.O.B.A. (United States Organization for Bankruptcy Alternatives)

What qualifies me for a debt settlement program?
Our debt settlement program is not for everybody. Qualified candidates are those having a legitimate financial hardship which has caused them to get behind with their payments to their creditors, or will cause them to fall behind in the near future. Practical Debt Solutions does not welcome anyone into the program that has any fraudulent or deceiving intentions. We only represent consumers who truly require the hardship services we provide and are committed to rebuilding credit worthiness.

Do all of my debts have to be included in the debt settlement program?
No. You have the choice to include or leave certain debts out of the program. Your debt specialist will guide you towards the best plan of action to suit your specific situation and budget.