How Debt Settlement Provides Relief

Debt settlement is one of several credit card debt relief services for consumers who are facing financial hardships. Often times, a consumer may owe payments to several different accounts and choosing the best debt relief option is an important step in achieving financial freedom. Depending on a potential client’s individual circumstance, debt settlement may prove to be the best option for a number of consumers facing these particular troubles. FDR will assess each candidate’s situation thoroughly to determine if debt settlement is the best option to pay off their debts. Our debt settlement program offers a number of advantages that can potentially provide a consumer with the financial relief they are seeking. Here is an overview of these advantages and exactly how they provide relief to the typical debtor.

For starters, in many cases FDR is able to settle our clients debts for less than the balances owed all while offering the convenience of one monthly program payment.  Since the balances are potentially being settled for less, this helps you get out of debt on those accounts much faster than before.  

Also, once enrolled in FDR’s debt negotiation program, you would be represented by us, which has advantages under the Fair Debt Collection Practices Act (FDCPA) because if we notify one of your collectors in writing that we represent you they must contact us about the account instead of you. FDR can claim power of attorney with your creditors as well as issue Cease and Desist letters to collection agencies. While we cannot guarantee that the calls will cease, these steps will certainly reduce the number of calls you receive and provide protection against any illegal harassment techniques that the agencies may use.  Please note also, however, that the rights afforded to you under the FDCPA exist regardless of whether or not you are enrolled with a debt settlement company.