Debt Settlement or Debt Negotiation is an aggressive approach to debt reduction, which is effective for debtors with a serious amount of debt or who might be considering bankruptcy. Our debt settlement company negotiates directly with the creditors to settle your debt for a lower amount than owed while you save your money for a lump-sum settlement payment. You stop making payments to the creditors and instead you make one monthly payment into your savings account in preparation for settlement. Then, as the funds accumulate in your account, we use that money for debt negotiation to settle your debts one at a time. During this time, you will not be making any payments to your creditors.

After the debt is settled, the creditor will send a letter stating that the debt obligation was fulfilled, and will report to the credit bureaus that the debt has been, "Settled for less than full amount", "Paid" or "Settled". Our debt program has helped thousands just like you.

Creditors will usually settle for less than they are owed when the debtor is under serious financial strain because if the debtor chooses to file bankruptcy, then the creditor gets nothing. Creditors want to get as much money back as they can and debt reduction is better than bankruptcy for them as well.

Debt Settlement is the best way to get out of debt in the shortest amount of time and with the least amount of money. It is an excellent option to avoid filing for bankruptcy. There are some drawbacks though. The IRS considers a forgiven debt as taxable income, so at the end of the year, they will expect taxes to be paid on the settlement. The IRS, however, has a form (#982) available for special hardships. A Debt Settlement Program can also be harmful to a debtor's credit-rating while they are in the process of settling their debts because creditors won't agree to settle on an account that remains current. The debtor's credit report will reflect that they are behind in payments until the debts are settled. After your debts are settled, your credit scores will rise back up again.

OUR DEBT SETTLEMENT PROGRAM BENEFITS AND SERVICES

Different people turn to debt negotiation or debt reduction for different reasons. They may be on a debt consolidation plan and not seeing any real progress, suffering from a severe financial setback and steadily sinking further into debt, or are in such financial strain that they are considering bankruptcy. No matter what your reason, we're here to help you eliminate your debts once and for all. We offer real solutions to help you achieve your goals. We don't work for the credit card company, we work for you.

First Rate Debt Solutions works with you to eliminate your debts in the shortest amount of time with the least amount of money and most importantly without filing bankruptcy. We will devise a monthly savings plan that fits into your budget based on the total amount of your debt and what you can afford to pay. You are in COMPLETE control of your finances and your debt negotiations - you set up your own savings account where you set funds aside for the purpose of settling your debts. When we negotiate a settlement that YOU agree to, YOU withdraw the funds and send the money directly to the creditor. Unlike other debt programs, YOU are able to set aside as much as possible each month.

First Rate Debt Solutions and its partner are proud to accomplish the following:

• Settle over $400,000 dollars of debt per week
• Employ over 150 people that work for YOU
• Provide you 24 hour online access to YOUR account
  

Who qualifies for the First Rate Debt Settlement program?

• Do you have at least $10,000 in unsecured debt?
• Are you living paycheck to paycheck?
• Are your expenses exceeding your income?
• Have you been making the minimum payments because that's all you can afford?
• Do you worry about how much you owe?
• Are you receiving calls or letters from your creditors?
• Are your credit cards near their limit?
• Are you considering filing Bankruptcy?
• Are you ready to rid your life of the financial stress?

If you answered YES to any of these questions, you could be headed for serious financial trouble.

First Rate Debt Solutions offers a proven debt settlement program to help consumers reach their goal of debt freedom and avoid bankruptcy.

If you are serious about resolving your debts once and for all, call 877-DEBT-730 to find out how First Rate Debt Solutions can help you.