An approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.

Change to the following: Creditors accept reduced balances in a final payment and this is called "full and final settlement" but with National Credit Law Center the reduced amount can be spread over an agreed term.

We, at National Credit Law Center generally package settlements into a larger bulk settlement with the creditor for 35% - 50% of the existing balances. We have built up a relationship during business practices with the credit card companies and can come to a settlement agreement quicker and at a more favorable rate. With the current economic crisis, more and more credit card companies willing to settle existing credit card debts rather than add to their already large written off bad debt.

Our goal is simple: to save you the most possible money and to resolve your debt in the shortest amount of time. We have settled over $1 billion dollars in debt for our customers and could help you do the following:

  •    Reduce the amount you owe creditors
  •    Set up a simple monthly program payment
  •    Control your funds at all times
  •    Resolve debt in as little as 24-48 months