Debt Settlement Service

What Is Debt Settlement?

At a very basic level, debt settlement is useful for reducing the total amount of debt owed.

Which involves you making the decision to stop paying the creditors directly and to pay the monthly program. The monies are held in a separate special purpose savings account while a settlement negotiator communicates with creditors on your behalf. Debt settlement is a program that is designed to help you save as much money as possible, as quickly as possible, based on your unique financial situation.

Once there is enough money saved in your debt settlement account the negotiators will work out a legal settlement agreement, the funds you have saved in your account will be sent to your creditor as part of a lump sum offer or payment plan. Often times, debt settlement companies are able to work out settlements that are lower than what you originally owed your creditor.

If you qualify for Debt Settlement, Unchain Your Credit will only be paid a fee as each one of your accounts is settled and you approve & accept the settlement.  There will also be a Legal Protection Program in place which will work in tandem with the settlement process for creditor defense to maximize any creditor violations that may occur which would result in a potential cash award for you.

Debt Settlement has a temporary negative impact on the credit, but once the debt is settled, you will no longer owe the debt.  In most cases, those who choose debt settlement have already experienced a negative credit impact.

Debt Settlement will offer you a lower monthly payment resulting in monthly cash flow to help alleviate your hardship and get you out of debt in a quicker amount of time compared to paying only the minimums.  For example, according to, on a debt amount of $10,000, it may take you 20 years to pay off the debt with Total Interest paid off $21,602.95!!!!!  This is INTEREST ALONE!!! In addition to the $10,000 in principal (what you borrowed) This is based on a 15% APR which is generous as most creditors are much higher than that.  This illustration is just to give you an idea of what is happening.

With debt settlement, you will get out from underneath your debt in a much faster amount of time – saving thousands and a much more affordable monthly payment. With Peace of Mind.

In a debt settlement program, the strategy does not seek to replace existing debt with a new loan. Instead, debt settlement is a series of negotiations between your creditors and a settlement negotiator in which he/she seeks to reach an agreement that allows you to pay less than you currently owe, usually in a lump-sum payment.

Creditors are under no obligation to enter negotiations or accept the offer. Nevertheless, it is often possible to pay much less than you currently owe if the creditor believes your offer represents its best chance to recoup at least a portion of the loan. Advanced debt-collection techniques and accounts-receivable processes can be expensive and fighting through a bankruptcy proceeding are unattractive to most lenders.

Why Choose Us?

With over 40 years of combined experience in the financial industry and proven track record, you can be sure that Unchain Your Credit will become your reliable debt relief and consulting firm. A team member of our skilled certified debt specialists will help you decide on a debt relief program that works for YOU, tailored to YOUR financial needs. It’s all about YOU. With our years of experience, we’re able to utilize unique and highly effective ways of negotiating with creditors that otherwise may not be possible, because it won’t be based on emotion. The availability of a network attorney, which you may assign to defend creditor lawsuits and enforce consumer protection laws when collectors violate the law.

How It Works

The debt settlement service is straightforward to understand. Debt settlement representatives will negotiate with creditors to try to reduce the debt balance. They may also try to negotiate other types of debt relief solutions, such as exemption from overdue fines and lower interest rates.

You deposit monthly into a debt service account that fits your budget. This amount may be less than the monthly payment on your credit card or loan. Debt settlement relief programs are generally more economical than other forms of debt relief programs as they reduce the debts.