Debt settlement is a perfectly legal solution for consumers who are in deep and seeking an alternative to bankruptcy. Pay As You Settle (PAYS) adheres to the Federal Trade Commission (FTC) ruling on the debt settlement industry. The FTC created a law stating that debt settlement companies cannot charge for fees before services are rendered. Since PAYS was created with the consumer in mind,this program began months before the law became intact. PAYS debt settlement program works by negotiating a reasonable settlement with creditors to reduce an overall debt into a lump sum payment. We know that each case is different and there are numerous cases that can put someone into debt; remember PAYS is here to help. Our first item of working with consumers is to listen to their story before we act. After we have heard the circumstance we choose the best for of action and educate the customer on the differences between secure and unsecured debt. Most good debt settlement companies can cut the balance of the debt by 35-50% and then pay the creditor with a lump sum to resolve the debt amount.
Some people believe bankruptcy is the correct initiative with being three to six months behind but declaring bankruptcy will only hurt you in the long run. Bankruptcy on average takes seven years to be removed from your credit report. It does not eliminate debt, it only postpones it. The PAYS program takes three years and your debt is settled, it does not negatively impact your credit history.
Our debt settlement program is free* for consumers with any amount of debt. If you feel you need help with your debt, fill out the form on the left or call 1-877-849-5710 to talk to our debt settlement negotiators.
Pay as You Settle® (PAYS) is the nation’s leading and only state-certified pay as you go debt settlement program. Our goal at PAYS is to ensure that each customer gets back on track to financial well-being.
*Debt settlement program is free until services are rendered
