10 Years in Business

Affordable Credit Repair

Free Consultation 800-630-9349

Common Questions

What about Debt Settlement?

Debt settlement is when an account payment balance is negotiated for less than what you owe. The amount of the settlement can vary from account to account, but it is normal to expect a settlement of 40% to 60% of the balance.

Debt settlement is not suitable for all accounts; the following conditions must apply:

  • The total of all balances must be $5000 or more to hire us.
  • Individual accounts must have a balance of $500 or more.
  • The accounts must be in your name.
  • The accounts must be unsecured (not secured with collateral) but we will handle remaining deficiency debt after repossession.
  • The accounts must not be: Child Support, Taxes*, Bounced Check, Utility Bill, Student Loan or Criminal Fine.
  • If the *debt is an IRS Tax lien, and is $10,000 or more, we can refer you to a trusted IRS negotiation expert.

Talk to one of our paralegals about your situation and they can transfer you to one of our Debt Settlement Specialists.

Legacy Legal Services