Debt settlement is an option for some debtors to resolve their debt. When you work with a debt settlement company, they can negotiate a lower outstanding balance.
However, this can be a complicated process to navigate. With Liberty Debt Relief, you get access to our wealth of experience working with creditors, as well as our industry expertise. We know what it takes to help you settle your debts and navigate this process quickly.
Call Toll Free at (800) 756-8447 to speak to one of our expert debt consultants!
It’s important to note that debt settlement services are not an option for secured debts supported by an asset, such as a mortgage or a car loan. Nor is it applicable to federal student loans.
Additionally, not all creditors will accept debt settlement offers. They receive less than the amount that they are owed as a way to ensure they receive some return on their loan. Most creditors would rather avoid this, which is why negotiating a debt settlement on your own can be difficult. Having Liberty Debt Relief’s associates do the heavy lifting can bring you peace of mind. We have the knowledge to negotiate on your behalf, ensuring you have the most successful outcome.
How Does Debt Settlement Work?
Debt negotiation is a strategy that works to reduce your overall debt owed and resolve your obligations to your creditors.
The first step is providing proof of a financial hardship via your income and monetary obligations. This will help explain to creditors why you’re unable to make your current monthly payments and why you may even have some credit delinquency on your credit report.
Once a debt settlement company like ours fully understands your situation and the repayment amount you can reasonably handle, we negotiate on your behalf with the creditor to accept a smaller amount than what you owe. We help you navigate this often difficult path. Our industry knowledge and familiarity with creditors helps us create strategies that work best for you.
Working with Debt Settlement Companies
A successful debt settlement could mean that your outstanding debt balance is lowered. You could achieve these results on your own but it is often labor intensive dealing with multiple creditors. Some credit card companies may refuse to negotiate altogether.
Everyone’s debt situation is different, which means that your options will also vary. It is essential to know what rules apply to your circumstances and what impact your decisions will have on your outstanding debt.
You can negotiate with creditors yourself, but the associates at Liberty Debt Relief use their knowledge to get you the best possible outcomes. Our company and affiliates speak to the creditors every day and have specialized in every aspect of the debt settlement industry. You can rely on us to ask the right questions and try to achieve the best possible solution for you.
Why Liberty Debt Relief?
Once we thoroughly analyze your individual needs, we put our debt settlement associates to work on your behalf. We have proven results with clients who were able to improve their financial situation. Are you tired of interest that has gotten out of hand or payments you can no longer keep up with? We could potentially help reduce your overall debt.
Begin Debt Settlement Now
Having the right debt settlement company negotiating on your behalf is critical for you to receive the best outcome. At Liberty Debt Relief, we speak to you first about your financial goals before contacting your lenders and working towards an agreement that can significantly lower your total debt.
We not only negotiate with creditors but also help you develop a strategy to become debt free and stay that way. Our debt settlement services include speaking with you and discussing your budget, your bills, and potentially the best way to track your cash flow.
Reach out to our associates today to receive your free consultation.