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Debt Specialists are ready to help you
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Reduce your debt by up to 60%
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After you have researched all of your options, we believe that you will find our form
of debt settlement to be the best alternative to bankruptcy.

Frequently Asked Questions

More on our Debt Settlement Program - Answers to your most common questions.

Below we have provided answers to the most frequently asked questions regarding our debt settlement program. If you're not able to to find the answer to your question, or would simply like to ask a question, please send us an email, or call 1-800-970-0248 and we will be happy to answer any questions you may have.

 

Am I a good candidate for services offered by Debt Elimination Specialists?
Why should an attorney handle my debt settlement negotiations?
How does the DES program work?
How long does it take to settle my debt?
Am I required to accept the settlement you negotiated?
What are the fees for your services?
Will this affect my credit report?
Will I be sued?
Will I still be able to use my credit cards?

 
Am I a good candidate for services offered by Debt Elimination Specialists?
  To qualify for our services you must have unsecured debt of at least $10,000 and be experiencing hardship.  Examples of unsecured debt include but are not limited to credit cards, loans, medical bills and department store cards. In addition, you must be behind at least one month in your unsecured debt payments.
   
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Why should an attorney handle my debt settlement negotiations?
  Creditors often have lawyers handle their debt collection because they know that lawyers will use the law to their advantage.  Let's just say that we offer a counterbalance to their strategy. We will use all legal means available to stop creditors from harassing you with phone calls and letters. 
   
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How does the DES program work?
  DES contacts each creditor and notifies them of our authority to negotiate and then negotiates reductions in the total amount of debt for as great a savings as possible and as quickly as possible. Our goal is to either settle for a reduced amount, settle for payments on the reduced amount, or to extend the negotiations until sufficient funds are available. 
   
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How long does it take to settle my debt?
  Settlement can take as little as 2 to 6 weeks. There are some situations, however, where issues are more complex and will take months before a settlement is reached. Throughout the entire process DES will keep you advised. 
   
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Am I required to accept the settlement you negotiated?

 

Once DES has reached a negotiated settlement we will inform you in writing and you will be asked to accept or decline the settlement. All settlements are subject to your approval.

   
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What are the fees for your services?
 

Our fees are determined by a percentage of how much we reduce your debt. This gives our clients the comfort of knowing that DES will reduce your debt to the greatest reduction possible. There is a small one time set up fee that is paid up front.

   
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Will this affect my credit report?
  If you are several months behind paying your bills, your credit score will have already been affected. Our goal is to eliminate your debts for less than the full amount and avoid bankruptcy. After the debt has been negotiated and after the debt has been disposed, you can enter the DES credit restoration program which can eliminate negative references on your credit report.
   
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Will I be sued?
  Lawsuits on collection of debt is not as common as one would think. Most banks would rather work on a debt solution out of court. They know that something is always better than nothing and that is why they are likely to negotiate. Of course DES cannot guarantee that you will not be sued but that doesn't mean that DES cannot reach a negotiated settlement.
   
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Will I still be able to use my credit cards?
  The straight forward answer to this is no. Your unsecured credit cards in our program must be closed during the time you are a DES client.  We suggest you keep one card open for emergencies only.
   
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IAPDA - International Association of Professional Debt Arbitrators