We will negotiate debt settlements with your creditors. Your current level of unsecured debt will be skillfully negotiated for you by a team of professional negotiators. Essentially you will end up reducing your total debt up to 30-65%.

We will provide you with one low, affordable monthly payment. Based on your monthly budget, one of our debt analysts will be able to set you up with affordable payments considerably less than you're paying now. Each client receives their own personalized third party trust account to track and manage their funds.

We have settled millions of dollars in unsecured debt for people just like you.

We provide you with a third party saving account in your name that you control allowing 24 hour access to your funds.

We have a team of industry professionals ready to service you in our settlement department, customer mediation department, customer relations department.

We contact your creditors and act as your representative at the time of the negotiations. Once you have accumulated the necessary funds to settle with one of your creditors, we will immediately contact the creditor to inform them we are now representing you and your interest in settling the current debt with them. Reaching a settlement usually takes several phone calls and communication between DebtSWAT.com and the creditor.

Once paid, your debt is gone forever. As soon as a settlement has been reached and agreed by you, we will secure the settlement offer in writing from the creditor. With your authorization the funds will be dispersed from your third party trust account to the creditor immediately and once the creditor receives the payment in full, you are free and of that debt forever. We will diligently continue to negotiate all of your debts until you have eliminated all of your debt in the program within 12-48 months.

The attorney will work on behalf of the clients, not the creditors. Our team of skilled negotiators has settled millions of dollars of unsecured debt for people just like you. With years of experience in the consumer credit industry, our company will help you navigate through these difficult times until you become financially free!

What is the difference between debt settlement and debt consolidation?
Who is eligible for a debt workout to get out of credit card debt?
Would a typical credit card debt account accept to pay off the debt?
How does this type of credit card debt workout affect someone’s credit?
Can a person achieve these credit card debt settlements on their own?
How long does the card debt settlement process take?

What is the difference between debt settlement and debt consolidation?

For the context of this discussion I refer to a credit card debt workout as a negotiated settlement of credit card debt. For example if you owed $5,000 on a credit card and made an agreement with the credit card company to pay $2,000 instead of $5,000 as settlement in full on the debt, this would be a credit card debt workout. Firms who perform this type of work may identify themselves as debt management, debt reduction, debt relief, debt workout, debt settlement or a host of other names inferring they help with debt even sometimes including debt consolidation. However, I define debt consolidation as a reorganization of the debt through a credit counselor or taking a debt consolidation loan to pay of the debts in full. Other FAQ’s on this site address each of these debt elimination options individually.
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Who is eligible for a debt workout to get out of credit card debt?

Creditors agree to debt reduction arrangements where they feel a settlement of the debt will be in their best interest. In most cases they come to this conclusion because the person requesting the debt negotiation appears to be a legitimate candidate for bankruptcy. Knowing that in most bankruptcy cases they would receive nothing, they opt to take a discounted settlement on the debt rather than receive zero dollars in a bankruptcy.
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Would a typical credit card debt account accept to pay off the debt?


Most of credit card debt accounts settle in a range of 30 to 65%. Be aware that some credit card debt accounts may settle considerably higher reaching into the 75 to 80% range while in rare cases credit card debt accounts can be settled in the 20 to 30% range. In very rare cases I have seen debt solutions agreed to for as little as 35% or as much as 80 to 85%.
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How does this type of credit card debt workout affect someone’s credit?

It depends on the status of the debtor’s credit before the debt workout. Let’s imagine that credit report scores run on a scale of one to 10, one being the best. Only ranks of one and two are good enough to walk into most local banks to get a loan or credit card. Anyone with good credit should consider the debt workout as an option very seriously before undertaking it, as his or her credit will be essentially destroyed. On the other hand, if an individual already shows multiple accounts on their credit report that have been late they may already have a credit score of approximately nine on a scale of one to ten. For these people settling the charge off accounts through debt settlement would actually improve their credit. This does not mean it will make their credit good, it just means it will improve it from very very bad to only plain bad.

Can a person achieve these credit card debt settlements on their own?

In the first place creditors do not take the situation nearly as seriously when a debtor calls to make a settlement as when a debt relief professional, such as a bankruptcy attorney or debt management firm calls to make a debt settlement. An individual would not know how to negotiate a debt settlement or what a proper debt settlement would be. A debt management professional working in this field would know most individual creditors including what their standard acceptance offer would be. In order to achieve the proper credit card debt settlement it is important to understand the proper way to fill out certain financial forms, most individuals do not know how to do this properly. A debt reduction professional also knows what to say, what not to say, what to ask for and what, to a creditor, would be a ridiculous request.

How long does the card debt settlement process take?

A normal credit card debt settlement case might take12-48 months.
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