How to build your credit after debt settlement

How To Build Your Credit After Debt Settlement

Debt settlement can be great for debt relief, but your credit score is likely to suffer. Once you have completed a debt settlement program, you can then focus on rebuilding your credit score. With care and following the steps outlined below, you can have your credit score repaired in as little as twenty-four months. How Debt Settlement Affects Your Credit Score When you decide to settle your debt, there are a couple factors that will negatively affect your credit score. First, your bills are probably being paid late, or they might not be getting paid at all, so those late […]

New Study Finds Debt Settlement Helps The Economy

New Study Finds Debt Settlement Helps the Economy

Settling your debt can not only get you back in better financial standing but can help the economy as well. This is the finding of a study performed by John Dunham and Associates for the American Fair Credit Council (AFCC). What is Debt Settlement? Debt settlement is a service that Pacific Debt, Inc offers to consumers who find themselves unable to pay even the minimum amounts on their unsecured loans. A debt settlement company negotiates with your creditors on your behalf  in order to substantially lower the amount you owe. Currently, throughout the US, almost 400,000 consumers and $12 billion […]

How to Get Out of Debt Yourself

How to Get Out of Debt Yourself

It is really easy to get into debt. Unfortunately, getting out of debt is no easy feat. But don’t despair. Getting out of debt yourself is totally possible. It won’t be as easy as getting into debt, but it can be done. Let’s look at ways to understand your debt and get control of it. Talk to our Debt Experts for FREE so they can explain all your options. Organize Your Debts Your very first task is to understand your debt, how much you owe, the interest rate – all the important details. Gather all bills, statements, reports or other […]

Debt Settlement Agreement Sample

Letter for Debt Settlement Agreement

What is a Debt Settlement Agreement? Debt settlement is working with creditors to decrease the amount of debt that you owe. The debt settlement agreement is a written, legally binding agreement to decrease your debt through debt settlement, what happens if you default, and what happens after you pay back the settled amount. Letter for Debt Settlement Agreement Template Since you are looking at Pacific Debt’s website, you may be considering debt settlement as a hardship option. Many people want to know if they need to work with Pacific Debt, Inc. in order to settle their debt. The answer is […]

Can You Go to Jail for Not Paying Taxes?

Can You Go to Jail for Not Paying Taxes?

Disclaimer – We are not lawyers or tax professionals and we are not giving legal or tax advice. These are merely some options and information about taxes. Consult an attorney or tax professional in your area to determine all your options. Jail for Not Paying Consumer Debt Consumer debt like credit card balances, loans or hospital bills are technically not jail-able offenses. If a debt collector is threatening you with jail, you are being harassed. This is illegal under the Fair Debt Collection Practice Act (FDCPA). However, many states have made it easier for creditors to use the court system […]

What Are The Tax Consequences of Debt Settlement?

What Are The Tax Consequences of Debt Settlement?

Disclaimer – We are not lawyers or tax professionals and we are not giving legal or tax advice. These are merely some options and information about taxes. Consult an attorney or tax professional in your area to determine all your options. What Are the Tax Consequences of Debt Settlement? Debt settlement can be a decision that saves you a ton of money. However, debt settlement can also have some fallout potential with the IRS. Did you know that debt settlement for less than the full amount can possibly result in tax consequences? If you are thinking about settling a debt […]

When A Debt Collector Will Sue.

When Will A Debt Collector Sue?

Disclaimer – We are not lawyers and we are not giving legal advice. These are merely some options and information. Consult an attorney in your area to determine all your options. Getting letters and phone calls from a debt collector is a stressful, unpleasant experience. If you are on the receiving end, you know how nerve racking it can be. You’ll hear all sorts of things from a debt collector from “you are going to jail” to “promise you’ll pay.” Another concern is whether or not that debt collector is a scammer or is legit. Instead of falling for their […]

Debt Consolidation vs Debt Settlement

Debt Consolidation vs Debt Settlement

The average American carries around a balance of $6,375 in credit card debt alone. That is an increase of 3% from last year.  In 2017, total credit card debt held by Americans reached $1 trillion. If you have a lot of credit card debt and are looking for a quick way out, you are not alone. You’ve probably seen several terms – debt consolidation, debt settlement, and bankruptcy. These can sound similar, and each one has its unique pros and cons. We’ll look at the first two in more depth and then compare the pros and cons to bankruptcy. What […]

The Best Debt Reduction Service for Credit Card Debt

Best Debt Reduction Services for Credit Card Debt

The holidays are over and bills are rolling in. You spent way too much money Christmas shopping and your credit card debt has reached critical limits and you are finding it increasingly difficult to pay your bills. If this is you, you’re not alone! Most of us rack up ridiculously high credit card balances during the holidays. Now that the new year nears, you’re seeing the full financial aftermath of Christmas. Call 877-722-3328 and speak to our debt specialists for FREE! This is a great time to start on your most important New Year’s resolution- reversing your credit card debt […]

How to deal with debt collectors when you can't pay

How to Deal With Debt Collectors When You Can’t Pay

If one of your debts has gone to collections, you will hear all sorts of things from the person on the other end of phone call. Not everything they are telling you is true. Here is what happens if you don’t pay a collection agency and some of your options to end the constant calls. Find out how to deal with debt collectors when you can’t pay them. Ending Up at Debt Collection If you can’t pay debt collector payments for the last three to six months, the creditor may sell your debt to a collection agency. At that point, […]

BACK
Free Consultation
close slider

See How Much You Can Save


Start saving today! Get a personalized plan from Pacific Debt, the leader in debt relief with an A+ Rating from the BBB.


How much debt do you have?

Click to estimate

See Savings

100% free savings estimate and will not affect your credit