Debt Help and Solutions FAQ

FreeDebtSettlementAdvice.com is a consumer based service that was established to provide
consumers a way to locate a legitimate debt settlement company that has a proven track record
in negotiating and settling debt. We are not a debt settlement company. We are however
affiliated with several debt settlement companies all of which we have qualified based on their
demonstrated ability to settle debt for consumers and small businesses. There are numerous debt
settlement companies out in the marketplace today and not all of them will live up to their
promises. It is our goal at FreeDebtSettlementAdvice.com to pick only the top debt settlement
companies to join our network. We base our evaluation on three different factors. These factors
include statistics, credibility, and ethical standards.

Statistics

First and foremost we only choose lenders to be a part of our network that have a proven track
record in negotiating and settling debt. They must demonstrate that they are a legitimate debt
settlement company that will be able to settle a consumer’s debt at least 90% of the time
although we highly seek companies that surpass the 90% range.

Credibility

FreeDebtSettlementAdvice.com only seeks out and accepts debt settlement companies that are
established and have gained credibility within the industry. There are many new debt settlement
companies that put more money into marketing than the established firms even though they do
not possess the knowledge or relationships to be successful. We therefore only seek out the
established and well connected debt settlement companies to be a part of our network.

Ethical Standards

Ethical standards are very important to us here at FreeDebtSettlementAdvice.com and we hold our affiliation of debt settlement companies to very high
standards. If a person or company feels like they have been unfairly treated or discriminated in any matter, we want to know about it. We also have an
ethics monitoring division who is always monitoring customer feedback on the internet and looking to make improvements. While our main goal at
FreeDebtSettlementAdvice.com is to provide consumers with the very best debt settlement companies in the marketplace, this is not our only purpose.
We also strive to educate consumers on the debt settlement industry and help to identify other means to get out of debt. We have a team of researchers
who are always looking for new ways for consumers to not only manage their debt but also to implement plans which will lead to financial prosperity. Our
team is highly educated in personal finance topics and our archive of personal finance articles can be very helpful to people who are experiencing
financial hardships. FreeDebtSettlementAdvice.com is striving to raise the bar in the debt settlement industry and establish an elite group companies which
will clearly stand above their competitors. We are a consumer based organization that has your best interest in mind and will only provide quality lenders
that have proven their legitimacy and possess a past record of success in the debt settlement industry. Hopefully, FreeDebtSettlementAdvice.com will
become industry leader and the benchmark of categorizing a successful debt settlement company. We are well on our way to achieving this goal.

FAQ

Is FreeDebtSettlementAdvice.com a debt settlement company?

No. FreeDebtSettlementAdvice.com is not a debt settlement company. We are affiliated with several debt settlement companies that pass our high quality
standards. We are simply a consumer based organization that is looking to raise the bar in the debt settlement industry and provide consumers a better deal
when settling their debt.

Will settling my debt hurt my credit score?

If you are already behind on payments, or you might be shortly, your credit is already impaired because you have too much debt compared to your
income. This is known as a high debt-to-income ratio. To be considered credit worthy again, you must drastically reduce or eliminate your debt, thereby
reducing your debt-to-income ratio. So while your credit score may take a little hit in the beginning, it will become much better soon after settling due to
the reduction in debt.

Why are creditors so willing to negotiate outstanding debt?

The simple answer is that creditors would rather have some of their money back than nothing. Creditors agree to debt reduction arrangements where they
feel a settlement of the debt will be in their best interest. In most cases they come to this conclusion because the person requesting the debt negotiation
appears to be a legitimate candidate for bankruptcy. Knowing that in most bankruptcy cases they would receive nothing, they opt to take a discounted
settlement on the debt rather than receive zero dollars in a bankruptcy.

How much debt do I need to have to settle my debt?

FreeDebtSettlementAdvice.com recommend only consumers and small business in debt of at least $10,000 hire a debt settlement company for their
settlement. If you have less than $10,000 in debt and would still like to eliminate some of your debt it would be wise to contact your creditors by yourself
instead of utilizing a debt settlement company.

Why are debt settlement companies better at settling debt than an individual could?

Debt settlement companies are better positioned to successfully negotiate a debt settlement due to their established relationships with various creditors.
They can take all of your outstanding debt and not only eliminate a lot of it but also provide a realistic repayment plan for the rest of your debt.

What would a typical credit card company settle for?

A typical credit card company would settle for 40 - 60% of your balance although results vary considerably case by case and between different creditors.
So if you have a credit card balance of $10,000, you could expect to settle for $2,000 - $3,000 on average with the help of a good debt settlement
company.