The Ideal Candidate for Debt Settlement & Reduction

Consumer Debt Settlement

Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
	Settle your debts for less than you owe
	(read here for full details about how much you can expect to save)
	Resolve your unsecured debts in 18 to 60 months
	(read here for full details on how long our program lasts)
	No Up Front Fees - Don't Pay Till You See Results!

The Ideal Debt Settlement Client

The purpose of this article is to discuss what we search for in the ideal settlement candidate. Franklin Debt Relief prides itself on up front and ethical business practices, and we are the first to say that debt settlement is not for everyone. That being said, there is nothing more frustrating to see ideal debt negotiation clients steer clear from our program because of uncertainty, distrust, or lack of information about what debt relief options are available. So who is the ideal debt settlement client?

First and most importantly, any consumer on the verge of falling behind in the foreseeable future or already delinquent is a great candidate. Debt settlement is best as an alternative to bankruptcy, and having a client who is a verifiable bankruptcy candidate makes the negotiation process much easier.

Secondly, an ideal settlement candidate shows some sort of financial hardship. From divorce to a reduction in income, a financial hardship is anything that puts someone in the position where paying bills back in full is unrealistic. Creditors always want to know that clients in our negotiation program are not being fraudulent and originally had the intention of making full payment until unforeseeable circumstances intervened. Some other common hardships are medical conditions, overwhelming medical bills and unemployment, low income.

Finally, the ideal settlement candidate has at least $10K in overall debt with each account in excess of $1000. While we do accept accounts with balances that are below $1,000, it’s advisable to pay those off if possible. In general, the savings from enrolling a $500 balance are less than the credit benefits from paying it off in full on your own and having the account remain open. Also, smaller accounts tend to have higher percentage settlements because of late fees and creditor policies that make it difficult to obtain really generous settlement terms on small accounts.

In the end, debt negotiation must make sense for the consumer, the creditor, and for Franklin Debt Relief. It is never in the best interest of any party involved if settlements are unlikely to occur. By underwriting our candidates, we reduce the likelihood of a clients being dissatisfied with our service and make the debt negotiation process more successful, but please keep in mind that situations are expected to vary and by no means is there anything guaranteed to be successful even if you fit the profile of the ideal candidate for debt settlement.

Please call (877) 274-1260 to speak to one of our debt reduction consultants about your situation or fill out a form and we will contact you as soon as possible.