Debt Settlement
What is Debt Settlement?
Debt Settlement is a viable and often effective alternative to bankruptcy. Debt settlement (also referred to as debt negotiation or debt negotiating) involves the debt negotiation, by our office in Chino, CA, with your creditors for the purpose of settling your unsecured debt at an amount lower than what is owed. For example, you may owe a combined total of $35,000 in unsecured credit card debt. You may have lost control of these accounts and may have fallen behind on the payments. Maybe it was because of a loss of job, a reduction in hours, unforeseen expenses, etc. If this is the case then you may feel like it’s impossible to ever catch up and bring these accounts back to a good standing. If this is you then you’re not alone. Each month you’ll accrue finance charges, late fees, and other penalties that pile up, burying you further and further in “the hole.” We understand that your intentions were never to allow these accounts to go unpaid and into collections, and we believe that if you had been in a better financial situation you would have managed the accounts wisely. But unforeseen, accidental situations like yours that lead to a personal financial crisis are common, and we want you to know that we specialize in helping people just like you! You may no longer be in a position to pay your $35,000 in unsecured credit card debt over the next 20+ years, but if we we’re able to reduce your debt down to about $10,000 (saving nearly $25,000!) you might be able to make small monthly payments and have it paid off in 3 years. So, there’s hope for you, and we work hard to ensure you achieve it.
How Does Debt Settlement Work?
Following an initial financial analysis, Debt Pro Law Center will develop a lowered monthly payment schedule for you. During the negotiation process our office will begin negotiating your debt, and you will deposit your new, lowered payment amount into your own client trust account every month. Amounts to be deposited are determined on a case-by-case basis, however, Debt Pro Law Center is dedicated to ensuring your monthly payment schedule is affordable to you. Each month as you deposit your new lowered payment, your trust account balance grows. Eventually your balance will be sufficient to pay the debt settlements in full. From these funds, creditor settlements will be paid once finalized by our attorneys.
How Does Debt Settlement Show On My Credit Report?
At our demand, all settlements will be confirmed in writing by your creditor indicating that the account obligations have been satisfied. Settlements are thereafter reported to the applicable credit bureaus as either “settled,” “settled for less than full amount,” or “paid.” Sometimes, debt settlement clients are legitimately concerned that this will leave a negative mark on their credit history. This concern sometimes leads to clients second-guessing whether they should go through with debt settlement services. Debt Pro Law Center understands the concern of having a negative credit history, but at the same time we understand that most clients searching for debt settlement already have a negative credit history or else they wouldn’t be searching for debt settlement options. If this is you, and you are concerned about the ramifications of debt settlement on your credit report, give us a call and we’ll talk you through the entire process so you can make the best, most educated decision.
Why Should I Choose Debt Settlement Over Other Options?
Debt Settlement is a way to get out of debt in the shortest amount of time and with the least amount of money without having to file bankruptcy. If you would like to discuss your options and learn how Debt Settlement can benefit you, call us today at 877-902-DPLC to speak with one of our friendly counselors.
Where Do I Go For Debt Settlement Services?
Our office is located in Chino, CA, just a short drive from the 10 Freeway, 60 freeway, 71 Freeway, and 15 Freeway. We’re easily accessible from anywhere in Los Angeles County, Orange County, Riverside County, and San Bernadino County. For driving directions, click on one of the Southern California locations below.
Debt Settlement Chino – directions from Chino, California
Debt Settlement Chino Hills – directions from Chino Hills, California
Debt Settlement Ontario – directions from Ontario, California
Debt Settlement Montclair – directions from Montclair, California
Debt Settlement Claremont – directions from Claremont, California
Debt Settlement Corona – directions from Corona, California
Debt Settlement Upland – directions from Upland, California
Debt Settlement Rancho Cucamonga - directions from Rancho Cucamonga, California
Debt Settlement Covina – directions from Covina, California
Debt Settlement West Covina – directions from West Covina, California
Debt Settlement Pomona – directions from Pomona, California
Debt Settlement Diamond Bar – directions from Diamond Bar, California
Debt Settlement Walnut – directions from Walnut, California
Debt Settlement La Puente – directions from La Puente, California
Debt Settlement Hacienda Heights – directions from Hacienda Heights, California
Debt Settlement Rowland Heights – directions from Rowland Heights, California
Debt Settlement Glendora – directions from Glendora, California
Debt Settlement Riverside – directions from Riverside, California
Debt Settlement Los Angeles County – directions from Los Angeles County, California
Debt Settlement San Bernadino County – directions from San Bernadino County, California
Debt Settlement Riverside County – directions from Riverside County, California
Debt Settlement Orange County – directions from Orange County, California
If your location is not listed above and you need driving directions for debt settlement from a Southern California city, click any city above and view the map for driving directions. Our address is:
Debt Pro Law Center
12598 Central Avenue
Chino, CA 91790
You can also call 877-902-DPLC to speak with us and schedule an appointment. Feel free to also use our contact form.
