Frequently Asked Questions
Common Debt Relief Questions & Answers
At Settle Your Debts, we help individuals regain control of their finances through clear guidance and proven debt relief strategies. Below are answers to some of the most common questions about debt settlement and financial recovery.
What is debt settlement?
Debt settlement is a process where unsecured debts are negotiated for less than the full balance owed. Our team works directly with creditors to help reduce your overall debt and create a manageable repayment plan.
How long does the program take?
Most programs last 24 to 48 months, depending on total debt, creditor participation, and monthly payment amount.
How does the debt settlement program work?
You make affordable monthly deposits into a dedicated account. Once sufficient funds accumulate, we negotiate with creditors to settle eligible debts. Settlements are paid after your approval.
Will debt settlement hurt my credit?
Debt settlement may impact your credit score in the short term. However, many clients see long-term improvement as debts are resolved and balances are reduced.
What types of debt can be included?
Most unsecured debts can be included, such as:
Credit cards
Personal loans
Medical bills
Collection accounts