Frequently Asked Questions (FAQ)
We know debt can be overwhelming, and you likely have questions about your options. Below, we’ve answered some of the most common questions about debt resolution, our services, and what to expect.
General Questions
Q: What is debt resolution?
A: Debt resolution is a process where a licensed specialist negotiates with your creditors to reduce the total amount of unsecured debt you owe.
Q: How is it different from bankruptcy?
A: Unlike bankruptcy, debt resolution is a structured program that aims to reduce debts without legal filings, helping you maintain more control over your finances.
Q: Is Settle Your Debts US licensed and legitimate?
A: Yes, we are licensed debt resolution specialists, and we operate ethically and transparently, following all applicable regulations.
Program & Process Questions
Q: How does the debt resolution program work?
A: First, we review your financial situation. Then, we negotiate with creditors to potentially reduce your debts. Finally, approved settlements are completed over a structured timeline.
Q: How long does it take to settle debts?
A: Settlement timelines vary based on your financial situation, creditor participation, and the amount of debt being resolved.
Q: Will I speak directly with my creditors?
A: Typically, our specialists handle negotiations on your behalf, but you may be contacted for verification or documentation as needed.
Eligibility & Requirements
Q: Who qualifies for debt resolution?
A: Individuals with unsecured debt, such as credit cards, medical bills, personal loans, or collection accounts, may qualify.
Q: Is there a minimum debt amount?
A: Yes, programs generally require a minimum total unsecured debt. A free evaluation will determine your eligibility.
Q: What types of debt can be included?
A: Eligible debts include credit cards, medical bills, personal loans, and collection accounts. Secured debts like mortgages or auto loans are not included.
Fees & Payments
Q: Are there any upfront fees?
A: Fees are disclosed before enrollment. In many cases, there are no upfront fees, and you only pay for services after successful settlements.
Q: How are fees calculated?
A: Fees are based on a percentage of the enrolled debt being resolved, in accordance with regulations.
Q: Can I stop the program at any time?
A: Yes, you can cancel the program at any time. Specific terms are provided in your agreement.
Take the Next Step
Still have questions or ready to see if you qualify? Our licensed specialists can provide a free evaluation and personalized guidance.