Debt Settlement, also called Debt Negotiation or Debt Reduction, is one option that is available for people who are unable to pay their bills because of financial hardship. A debt settlement program can help you free yourself from your unsecured debt without filing for bankruptcy. If you are currently having trouble paying for food or medications because you are struggling to make the minimum monthly payments to your creditors, First Choice Debt Resolution may be able to help. We work with you in contacting your creditors and negotiating a settlement that you can afford. In many cases, we can even help reduce the accumulated amount that you owe by as much as 25% - 50% before fees.

First Choice Debt Resolution's Debt Settlement Program is not credit counseling or debt consolidation. Our program is designed to help you, the consumer, pay off your credit cards and unsecured loans for less than what you owe and avoid the pain of bankruptcy. Our Debt Settlement process involves a series of steps that are repeated until all of your unsecured debts are settled. Here are the main steps:

1. After your free consultation, you decide a settlement plan is the right option for you and enroll in our Debt Settlement Program with more than $10,000 worth of unsecured loans and/or credit card balances. First Choice Debt Resolution works with each individual on a case-by-case basis to determine the settlement payments that you can afford and how much we might be able to reduce the amount you owe.
2. First Choice Debt Resolution contacts the creditors and collectors on your behalf. We let them know that you have enrolled in our program, and that we have a Limited Power of Attorney to act as your representative for these accounts. This greatly reduces the number of calls you receive from creditors and virtually eliminates calls from debt collection agencies in accordance with the Fair Debt Collection Practices Act.
3. You continue to make the agreed-upon settlement payments to First Choice Debt Resolution.
4. Our debt negotiation department works with each creditor individually to agree on a settlement amount, reducing the amount of your debt before it is paid off.
5. We contact you with the details of the negotiated settlement and let you know how much money you saved.
6. We withdraw the settlement amount from your accumulated balance and send the payment to your creditor.
7. The creditor or collector receives payment and debt is then paid, with no further obligation from you.
8. You receive written confirmation from your creditor that your debt has been paid.

These steps are carried out with each of your creditors and collectors. With every debt that is cleared, you will be a little closer to the financial freedom you deserve.