How does debt settlement work?

Debt settlement involves negotiating with creditors and debt collectors to settle your debts for less than the full amount owed. The debt settlement company will put funds aside each month to save up enough to make settlement offers. Once a settlement is reached, the creditor agrees to forgive the remaining balance.

What types of debt can you help with?

We help settle credit card debt, medical debt, personal loans, and other unsecured debt obligations. We do not handle mortgages, auto loans, student loans, or any secured debt.

Will debt settlement affect my credit score?

Debt settlement may negatively impact your credit score temporarily while you are settling debts, but it will start improving once debts are paid off. The late payments and defaults will also stay on your credit report for 7 years. We guide you to help you rebuild credit during and after the program.

How much could I save with debt settlement?

On average, clients save 40-60% of their total debt through our debt settlement program. The amount of savings depends on your specific financial situation and ability to set aside funds.

Our fees typically average 15-25% of the enrolled debt amount, but we provide a free analysis to give you an exact quote before enrolling. Fees can be spread out throughout the program.

How long does debt settlement take?

The process usually takes around 24-48 months depending on your financial situation. We help you get set up right away so you can start saving settlement funds as soon as possible to get debts resolved quickly.

Donna from Duncan Oklahoma Debt Relief Review

September 17, 2017

Last Updated: October 27, 2023

Pacific Debt Relief - Helping Consumers Lower Debt and Become Debt-Free

Pacific Debt Relief is a debt relief company that helps consumers get out of debt faster by lowering monthly payments and settling debts for less than what is owed. We offer customized debt settlement programs as well as debt management plans.

With over 15 years of experience and tens of thousands of clients, Pacific Debt Relief has the expertise to provide the right debt relief solution. They have settled over $1 billion in credit card, medical, and other unsecured debt.

Donna from Duncan Oklahoma Debt Relief Review

Jeremy S took my initial call. He was sensitive to my situation and really put me at ease. Within an hour i was looking at a new budget which i could easily handle. The repayment period was reduced to 36 months. All the paper work was emailed to me and he guided me through the document explaining the entire process. Thank you Jeremy, you showed me kindness and courtesy , both of which are uncommon in today's society.

Donna
Duncan, Oklahoma Debt Relief Review
September 29, 2017
Provided by BestCompany

FAQs

How does debt settlement work?

Debt settlement involves negotiating with creditors and debt collectors to settle your debts for less than the full amount owed. The debt settlement company will put funds aside each month to save up enough to make settlement offers. Once a settlement is reached, the creditor agrees to forgive the remaining balance.
What types of debt can you help with?

We help settle credit card debt, medical debt, personal loans, and other unsecured debt obligations. We do not handle mortgages, auto loans, student loans, or any secured debt.
Will debt settlement affect my credit score?

Debt settlement may negatively impact your credit score temporarily while you are settling debts, but it will start improving once debts are paid off. The late payments and defaults will also stay on your credit report for 7 years. We guide you to help you rebuild credit during and after the program.
How much could I save with debt settlement?

On average, clients save 40-60% of their total debt through our debt settlement program. The amount of savings depends on your specific financial situation and ability to set aside funds.
What are the fees?

Our fees typically average 15-25% of the enrolled debt amount, but we provide a free analysis to give you an exact quote before enrolling. Fees can be spread out throughout the program.
How long does debt settlement take?

The process usually takes around 24-48 months depending on your financial situation. We help you get set up right away so you can start saving settlement funds as soon as possible to get debts resolved quickly.

Get Your Free Debt Consultation

If you're struggling with debt, Pacific Debt Relief may be able to help. Get a free debt consultation to see if their debt relief programs are right for your situation.

We can analyze your finances, explain your options, and help you develop a personalized debt relief plan to become debt-free.

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