Debt Settlement Program Description:
The Debt Settlement Program is a Debt
Elimination Program intended to relieve
the pressure placed on individuals who
are having trouble making the required
payments on their unsecured debts. These
debts include credit cards, personal loans,
etc.
The program is designed to help you
avoid bankruptcy. Your intent is to accumulate
funds on a regular monthly basis in your
Trust Account. As your Trust Account balance
builds, USA Debt Settlement will begin
the settlement process with each creditor,
one at a time. We will negotiate with
your creditors on your behalf to substantially
reduce the total amount of unsecured debt
you owe.
Our goal is to obtain mutual agreeable
settlements on the principal amounts,
not just on interest or payments as with
typical debt management programs. The
process works within your budget to eliminate
your debts in the shortest possible period
of time. Funds are disbursed only AFTER
settlements have been negotiated. If you
are adding to your Trust Account over
a period of months, those funds are building
up for the purpose of achieving a DISCOUNTED
LUMP-SUM SETTLEMENT with one or more of
your creditors.
The reason for this is simple. Debt
Settlement is not at all like debt consolidation
or debt management.
Most "consolidation--manage-ment"
programs are ineffective at eliminating
debt because they simply lower your interest
rates without attacking the real problem:
the amount of DEBT PRINCIPAL. We will
negotiate your total balance down to a
size that can save you possibly thousands
of dollars.
The settlement process will begin when
you have sufficient funds available in
your Trust Account. Be patient. It may
take 6 months or more to settle your first
account. During this process, your money
is held in a Trust account at NoteWorld,
a third-party, independent Trust Company
that is FDIC Insured.
The individual nature of your financial
situation, the creditors with whom you
have done business, the number of your
debts, the amount of your debts, the percentage
of your secured verses your unsecured
debts, your disposable income, and other
known and unknown variables will make
your case unique.