Program Overview

Debt settlement or debt arbitration is a legal process used by both people in debt and their creditors to negotiate a settlement of an existing legal debt. Debt Settlement is not the same as Consumer Credit Counseling or Debt Consolidation. Any person owing credit card debt, or any other debt, has the legal right to contact and negotiate with the creditors, however this practice takes time to master and certain skills to get the maximum benefits. Debt settlement reduces your current unsecured debt balances 40-60% by arbitrating an agreed settlement amount with your creditors.

Debt settlement companies correspond with creditors on debtors’ behalf and assist debtors by establishing a monthly saving goal so as to start investing only to raise money for the settlement of the debts. Debt settlement can almost always be done with the correct negotiation with the creditors. This can be done best by hiring a experienced third party. For guaranteed satisfaction have an expert, like FDN Solutions LLC, contact the creditors personally rather than trying to do it yourself.

Program Details

Our Debt Settlement Program is actually quite simple. Your current level of unsecured debt will be skillfully negotiated for you, and essentially you will end up paying a fraction of the debt. Generally, we reduce your debt by 40-60% of the current total.

We will set you up with an affordable monthly payment, which is determined on a client-by-client basis between you and a counselor at American. Based upon what you are able to pay each month into your settlement account, we can determine how many months you will be part of the program, and ultimately be debt free. Throughout the program, we communicate with your creditors, on your behalf, and you will no longer be dealing with burdensome phone calls and letters from your creditors.

Upon enrollment, we will commence the service with your creditors, individually, and let them know that we are now representing you, and also let them know of your interest in settling your debt with them. Reaching a settlement usually takes several phone calls and communication between FDN Solutions LLC and the creditor. Once a settlement offer has been reached, and you as the client have agreed on this amount, we will obtain that settlement offer in writing from the creditor and will then advise client on how to disperse funds to the creditor.

At that point, the creditor has accepted the payment in full, and you are free of that debt forever. American will diligently continue to work on negotiating all of your debts, until you are finally free from the once overwhelming debt that you started our program with.

Our main goal is to get you out of debt. We work only for our clients; not for the benefit of the creditors. Becoming debt free is the first step to becoming financially secure, and debt settlement may be your best option.

·         Rapidly becoming the top method for consumers to get rid of problem debt.

·         Negotiates based on your principal balance, irrespective of the interest and finance charges your creditors are trying to add on your account.

·         Independent companies not affiliated with your creditors.

·         Charges a fee to get started but offers financing options.

·         Client’s debt is paid off in anywhere from 15- 36 months depending on cash availability.

·         Will receive an ‘open delinquency’ on your credit until debts are settled.

·         Lowers your debt to income ratio more quickly than Consumer Credit Counseling, which represents a significant factor in your ability to quality for a loan.

·         You will typically end up paying only 40-60% of your current balance.