Our Solutions

Debt Settlement
Debt Settlement is the fastest and least expensive option to get out of debt without filing bankruptcy. Also known as debt negotiation, debt settlement is a proactive approach for debtors who are feeling the strain and stress of too much debt and are considering bankruptcy.

Practical Debt Relief will negotiate with your creditors on your behalf, to settle for an amount much less than what is currently owed. Once the debt has been paid in full on the settled amount, the creditor will issue a letter to the credit bureaus stating that the debt has been “Settled in Full,” “Settled,” or “Paid As Agreed.”

The reason creditors are willing to settle the balance of the debt is because if you choose to file for bankruptcy, they run the risk of receiving nothing.

Practical Debt Relief specializes in negotiating your debt with IAPDA Certified debt arbitrators employing aggressive tactics to reduce your debt by up to 60 %¹. Our negotiating process has been tested and developed over years of experience by our team of professionals in the field of finance and credit card debt. We have established relationships with creditors and financial institutions. Our goal is to settle your debt for as low as possible.

Our Proven Step by Step Approach:

Step 1:

Call or E-mail us for a free consultation. We will analyze your financial situation and determine whether Debt Settlement is for you.

Step 2:

We will work with you to determine the appropriate monthly dollar amount you plan to save towards a negotiated settlement. Usually, this is much less than your current minimum payments. This goes towards paying your debt (not credit card interest charges). These funds will be saved every month in a special purpose account that you can view online anytime. We cannot access the funds except to pay a debtor or financial institution when a settlement is reached.

Step 3:

Once enrolled in Practical Debt Reliefs program, we immediately exercise your rights under the FDCPA (Federal Debt Collection Practice Act) in an attempt to handle future creditor communication and eliminate the harassing creditor phone calls.

Step 4:

After enough funds have been accrued to make reasonable offers to creditors, we will start the negotiating process. Normally, we attempt to reduce debts by up to 60 % of your current balances. We will keep you notified of ongoing negotiations. Please note, it can take several months of savings before we are in a position to make settlement offers to creditors.

Step 5:

Once a settlement is negotiated, we initiate payment from your special purpose account. We then request that your creditors report to the credit bureaus that your accounts be considered “Settled in Full,” “Settled,” or “Paid As Agreed.” This process will be repeated with each creditor until you complete our program and achieve financial freedom.

Step 6:

Once all debt has been settled, we discuss your results and determine what steps you wish to take. If you are interested in credit repair², buying a home, purchasing an automobile, or any other financial service, we will help you find a company that will fit your needs.

We can settle

Credit Cards
Collection Agency Debt
Unsecured Debt
Business Debt
Medical Hospital Bills
Auto (Repo).

We cannot settle

Student Loans
IRS Debt/Taxes
Home Loan/Mortgages
Utility Bills
Car Payments

Call 1-888-839-3574

Free Guide:
10 Things you Must Know
About Debt Settlement

This special report explains the pros and cons of debt settlement, letting you make an informed decision to benefit you and your family. Fill out the form below for instant access!

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Unsecured Debt Amount:

1 – Individual results may vary. Savings percentages are calculated at the time of settlement. This does not include fees to company.
2 – Individual results may vary. Several factors determine the length of time in the program and reduction in monthly payment.
3 – We notify your creditors of our representation and inform them that they should contact us with respect to settling your debt. Calls are not guaranteed to stop and may increase.
4 – Up to 60 % lower payment. Includes company fees. Payment is an approximation and may vary by state. The amount we settle to is not guaranteed. Number of months in the program may be longer or shorter. Contact us for your exact payment and more details.

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Debt Settlement and Debt Relief options:

Debt Settlement and Debt Relief Services offered:

Looking for debt settlement, debt relief, debt consolidation, debt negotiation or some form of debt help? Call Practical Debt Relief for a free consultation today.

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