Debt Settlement

Calculate Your Options
See how our debt settlement program can help you get out of debt FAST!
When deciding on the best option for your credit solutions, you must first look at your cash flow on a monthly basis. The debt calculator will help you to see what will be your best option. Please call us so we can help you to understand your choices. The payments below are for example only. Please call us so we can quote you a specific payment for you.

Our Teams Guarantee*
Our team will settle your qualifying debt for 50% or less, or pay you the difference in cash!

Client’s total debts included in this program will be settled at an overall average of 50% or less of their balances AT THE TIME OF SETTLEMENT when all settlement percentages are averaged together. Client understands that the balances owed on Client’s accounts will likely be higher at the time of settlement due to increased interest and fees added by the creditors.

VERY IMPORTANT
The guarantee is based upon averaging the settlement percentages and achieving an overall rate of 50% or less once all debt has been settled. This does not mean that our teams are guaranteeing to settle each and every debt for 50% or less, but merely means that the overall average of all debts combined will be settled for 50% or less. Please note that any and all fees charged by Ultimate Debt Solutions are not included in the settlement percentages.

For example, and by way of illustration only, assume that a client’s accounts are settled as set forth in the below table:

 In this case, the total settlement percentage is 49%, which is obtained by dividing the total settlement percentage on all accounts (149%) by the number of accounts settled (3)
 
Excluded from this guarantee, and any calculations upon which this guarantee is based, are any accounts on which a lawsuit is filed, any accounts upon which Client elects to make a payment plan rather than waiting for a later opportunity to make a settlement, and any accounts that Client elects to settle despite Ultimate Debt Solutions’ recommendation that a better settlement can be obtained later.

This Guarantee is voided if:
Client elects not to make Settlement Deposits or fails to make the recommended Settlement Deposits; Client elects not to use a law firm recommended by company;
Client fails to follow the instructions of Ultimate Debt Solutions or the law firm;
Client cancels prior to having ALL of Client’s accounts either settled, paid in full, or a payment arrangement made; Client settles ANY creditor account on Client’s own, without the permission of Ultimate Debt Solutions; Client interferes in any way with a settlement being done by Ultimate Debt Solutions that jeopardizes the percentage and causes the creditor to raise the percentage of the settlement. 

Our teams must approve every account under the guarantee with no exceptions. Every potential client will be sent to the underwriting department for review and approval. Only those debts qualified by underwriting will be accepted for the guarantee program.
If the overall average of a client’s total debt settled exceeds 50% at the time the last debt is settled, Ultimate Debt Solutions will pay the difference to the client in cash. Ultimate Debt Solutions is not guaranteeing that it will be able to settle each and every account for 50% or less. It is important to remember that it is the over all average of approved debt at the time of settlement that must settle for 50% or less.

Settlement Options
Options for Handling Your Debt

Our teams offer an innovative solution for consumers struggling with unsecured debt.

Our teams use debt negotiation to dramatically lower both your debt levels and your monthly payments.

Our goal is to save you the most possible money and to get you debt free in the shortest amount of time.

Credit Counseling vs. Debt Negotiation

Credit Counseling
One fixed monthly payment.

Client pays back more than the original debt based upon principle and interest.

Obtaining new credit while on a credit counseling program is difficult, if not impossible.

Time in which to become debt free is usually 60 months or longer.

Creditor dictates all terms in the program i.e. monthly payment, length of time in the program, interest paid, etc.

Credit report will indicate program participation for up to seven years; potential lenders view this unfavorably.

Creditor sponsored approach in which the creditor dictates the payment levels.

Debt Negotiation
Fixed monthly payment, many times less than what the client was paying before.

Including fees, most debt is settled for 40 to 60% of the balance at the time of settlement.

Obtaining new credit while on a debt negotiation program is difficult, if not impossible.

Client can become debt free in 12 to 48 months.

Creditors react differently, sometimes favorably, sometime unpredictably but the end result is most all will settle.

Debt Negotiation will have a negative impact on your credit score, but once the program is complete and your outstanding debt is reduced to zero, you will begin to see an overall improvement in your credit score.

Consumer advocate program in which payment levels are dictated by the client’s ability to pay.

Other Debt Solution Options

Debt Consolidation Loan
Most immediate solution for retiring unsecured debt.

By combining multiple monthly payments into one, you can usually achieve a much lower monthly cost.

Creates new and potentially long-term debt by converting existing unsecured debt into new secured debt.

Initial cost for a consolidation loan to pay off unsecured debt will take many years to overcome.

Bankruptcy
Bankruptcy may or may not immediately wipe out your debt, based upon which type of bankruptcy you qualify for (Chapter 13 Bankruptcy or Chapter 7 Bankruptcy).

After going through a bankruptcy many find it difficult to obtain new credit initially, which if approved, may only be available to you at higher interest rates.

In some extreme circumstances, it is possible to lose your home, car and other financial assets.

Bankruptcy can severely impact your credit, where borrowing money or obtaining credit can be difficult for a period of years.

Bankruptcy can reflect on your credit report for up to ten years or longer (if filing a Chapter 13).

Continue Making Minimum Monthly Payments.
Continuing to pay minimum monthly payments on credit card debt is the most expensive of all debt management options. By the time you retire your debt, you will have paid back many times the amount of the original debt. In most instances, the time it takes to retire a debt using this method is 15 to 25 years.

Our Teams’ Solution
Debt Settlement / Debt Negotiation. You may have heard both terms being used and wonder what the difference is between debt settlement and debt negotiation. The reality is there is no distinction between the two; in essence both mean the same. The monies that you previously paid to your creditors each month will be set aside in your Debt Settlement Savings Account for settling each of your debts, one at a time, beginning with the most urgent. The average settlement achieved is 40 to 60 percent of the balance at the time of the settlement. In many instances, a client can become debt free in as little as 12 months; however, the average length of the program is 24 to 48 months.

How it Works:
It all starts with a UDS debt consultant. Your consultant will work with you to assess your financial circumstances and help determine whether you qualify for our program.
Upon being qualified for the program, your consultant will help you collect the information and documentation needed in order to begin the process. With this information, they will come up with an affordable monthly payment which (after fees) will be set aside in your own personal Debt Settlement Savings Account to settle your debts with your creditors.

When a negotiator receives a fair and acceptable debt settlement offer from your creditor, funds will be sent from your Debt Settlement Savings Account to pay off the debt. You will then receive written confirmation from your creditor documenting that your balance has been paid in full. This process will be repeated until all of your debts have been settled.

Why Choose Us?
Our teams work in association with a law firm that has affiliated attorneys in 40 states. This working relationship enables us to legally represent clients throughout the nation, ensuring that an attorney is involved and available throughout the program.
Our teams’ network of attorneys has helped thousands of people settle debt with their creditors, saving them millions of dollars. We understand that an individual’s financial situation can be drastically changed by a death in the family, loss of employment, unexpected circumstances or just a few bad choices. We're committed to helping our clients avoid bankruptcy by offering them an honorable and ethical way to resolve their debt. The programs offered are designed around each client's individual financial situation. Not only do our clients gain freedom from debt, but they also gain a financial education that empowers them to continue to live debt free.

Our expertise allows us to handle the following forms of debt:
Unsecured credit cards
Repossession balances
Past due utilities
Attorney fees
Vendors for the self employed
Veterinarian hospitals
Balances from previous rentals or broken lease agreements
Hospital bills
Credit Unions
Pay Day Loans
Our Mission:
Our mission is to help consumers in financial distress get out of debt and get on with life. Our goal is to help each client regain financial freedom by offering them an honorable and affordable way to eliminate problematic debt.


Our Mission:
Our mission is to help consumers in financial distress get out of debt and get on with life. Our goal is to help each client regain financial freedom by offering them an honorable and affordable way to eliminate problematic debt.