Debt Shield’s Role

Negotiating a settlement is the most crucial part of the debt settlement process, and Debt Shield uses its experience and expertise to make this happen for you as simply as possible. Debt Shield works with thousands of creditors, so the name will be familiar when contact is initiated.

From here, we negotiate the amount of the debt owed and the timeframe under which it will ultimately be paid in one lump sum payment. In most cases, Debt Shield is able to negotiate a settlement payment of anywhere between 30-50% of the amount owed at the time of the settlement, which includes accrued interest and late fees.

We handle all contact with your creditors throughout the program, and keep you informed as settlement offers are made and agreements are reached. Upon completion of our program, each of your accounts will reflect a zero balance. After the settlement amount for each creditor is sent to them individually, your debt is considered satisfied.

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  • It could take you over 18 years – and at least $31,000 in interest payments – to pay off a $10,000 debt on a card with a 19% rate, if you only pay the monthly minimum.
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