Halo Debt Solutions Debt Settlement Solutions
Tuesday, May 19th, 2009Halo Debt Solutions Debt Settlement Process
At Halo Debt Solutions our goal is to negotiate debt settlements with your creditors. Your current level of unsecured debt will be skillfully negotiated for you by Halo Debt Solutions’ team of professional negotiators.
Halo Debt Solutions will provide you with an affordable monthly payment. Based on your monthly budget, one of Halo Debt Solutions’ specialists will set you up with an affordable program that may be less than you’re paying now.*
Halo Debt Solutions will contact your creditors and act as your representative. We immediately contact your creditors to inform them we are now representing you and your interest in settling the current debt with them. Reaching an acceptable settlement may take several phone calls between Halo Debt Solutions, Inc. and the creditor.* Some creditors are not immediately engaged due to known collection techniques - ask a Debt Specialist for more information.
Once paid, your debt is gone forever. As soon as a settlement that you are in agreement with has been reached, we will secure the settlement offer in writing from the creditor. After you review the written offer and we confirm that it is properly worded, you will make the agreed-upon payment to the creditor. Once the creditor receives this payment, you are free and clear of that debt forever. Halo Debt Solutions will diligently continue to negotiate all of your debts until you have eliminated all of your debts in the program.*
Halo Debt Solutions, Inc. works for you (our client), not the creditors. Each settlement team is developed to work specifically on your behalf. Our expert negotiators are paid, in part, based upon settlement percentages. That means the better settlement they arrange for you, the more compensation they receive from us. This ensures the settlement team is working directly for YOU and not the creditors. As a result, the absolute best settlement deals are achieved with your best interest in mind. With years of experience in the financial industry, Halo Debt Solutions will help you navigate through these difficult times.
What is a Settlement Account?
You will be asked to save a set amount of settlement funds on a monthly basis. This amount will be determined in your initial consultation by a Debt Consultant and is based upon the total amount of debt owed and what you can afford on a monthly basis depending on your income and expense budget. Each person’s situation is different and the negotiation process will begin at different times depending on the amount of your debt.
Once the creditors agree to a settlement amount, Halo Debt Solutions, Inc. will present the creditor’s offer to you. If you approve the settlement, we will instruct the creditor to fax over a formal settlement offer in writing. Debts can be settled in two different ways; one lump sum payment or a term settlement. A lump sum is just that, a single payment and the account is satisfied. A term settlement is a settlement which is paid over an extended period of time until the account is satisfied. Halo Debt Solutions, Inc. will repeat this process for each of the remaining creditors until all of your enrolled debts have been paid and you have no remaining obligations enrolled in our program.
