Debt settlement program | Debt relief
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Choice Title, Inc. and Debt Relief Center, Inc. offer you a debt settlement option with the below help. When refinancing is not an option, and you are at a point where you can't afford to make your mortgage payments and feed your family... something must give. Sometimes a debt settlement option makes the most sense so a person can put first things first to free up cash flow, and stay in their home.

Through the program we (Choice Title, Inc. and Debt Relief Center, Inc) aim to achieve these major changes for you:
- Debt free in 24-48 months
- Avoid Bankruptcy
- Low monthly payment
- Reduce your debts up to 60%
- Regain control of your life
- Privacy guaranteed and actual results will vary

You are in over your head, what do you do?
Option 1) File for Bankruptcy
A bankruptcy will stay with you for 7 to 10 years and affect your ability to rebuild your credit. Even after it's been removed from your credit report 7+ years down the road, you will still be required to disclose it on applications for credit and employment.

If you choose our program, once your creditors accept the settlements, it will be as payment in full, making you debt free.

Option 2) Do nothing
It's a tough decision to face your financial problems head-on, and many consumers choose this route hoping it will go away. The best plan is a well thought out plan. After you call us and talk through a solution that makes sense, you will feel the world has been lifted off your shoulders.

Option 3) Credit counseling
You would make one single monthly payment to the credit counseling agency. The agency distributes your money to your creditors on your behalf, typically at a lower negotiated rate. Credit counseling fees are smaller but charged many more times than our Debt Settlement solution. So, over time you pay more to go through credit counseling.

Option 4) Loan Modification
This applies when you own your home and you are already late on your payments. When you are already behind on your mortgage, an attorney will be better able to negotiate on your behalf and modify some terms of your loan.

The last thing you want to be late on is your home's mortgage. It should be your #1 priority to pay your mortgage on time and keep a roof over your family's head. If you are not late on your mortgage yet, instead of a Loan Modification, see if you can cut your other expenses to free up cash flow to allow you to continue to make your mortgage payments on time. You can dramatically cut your expenses if you're carrying a lot of credit card debt, which leads to option 5,

Option 5) Debt settlement
Talk through your debt settlement options and let's show you a plan for becoming debt free in 48 months or less. Once your creditors accept the settlements, it will be as payment in full, making you debt free.

Through our program, we strongly encourage our clients to pay more than what we suggest. The more you can put aside in your Trust account, the faster we can settle with your creditors. You will have complete control of your money during this process and you will be provided online access to monitor settlement progress.


The typical Debt Settlement client
- they need serious help. They are not able to pay their bills or make ends meet.
- they do not want to declare bankruptcy.
- most of their debt is from credit cards. This program will negotiate all kinds of unsecured debt including medical bills.
- their budget can handle a monthly payment. They must have income and not be completely broke.

The process... once signed up
- a special Debt Settlement account will be set-up in your name with a federally insured bank
- based on what you can afford, a monthly payment plan will be worked up and deposited into the above account
- once the account has enough for settlement, this settlement will be negotiated with one of your creditors
- this settlement, your reduced negotiated debt, is then paid from your account
- this is repeated with each creditor until your debt is gone, typically 2 to 3 years total. You can also leave some credit cards out of the program if you wish to keep them available.
- sometimes when there is insufficient funds in your account to pay a settlement in full, a term settlement is paid, where your settlement is paid in installments until paid in full


Typical questions
How will this affect my credit?
You are trying to get out of debt, not obtain more debt. Decide on your future goals. If you want to obtain more lines of credit in the near future, then this program is not for you. This program will help you with your overall objective of improving your financial situation, and save you a ton of money in principal and interest. Your credit scores aren't getting you out of debt or improving your current financial distress. Keep doing what your doing, and in 3 years the odds are you will still have the same debt load you are carrying now, and not put one penny in the bank. Make plans now to be debt free in 3 years.

What are your fees?
All of our fees are incorporated into the monthly payment plan we work up together and are based on your total debt enrolled. There are no penalties to pay out early. The fees consist of an enrollment fee and a service fee. Enrollment fee covers; a budget review, debt accounts analysis, file set-up, initial correspondence w/creditors, power of attorney forms, cease & desist letters, your program kit, and your trust account set-up. Service fee covers; engagement of creditors for settlement, creditor calls & communication, and settlement & funding arrangements.

Why not choose Bankruptcy?
With recent stricter laws, it will be very hard to qualify for Chapter 7 bankruptcy where all your debts are wiped away. Chapter 13 restructures your debt where you have to pay back a portion over 3 to 5 years. Typically these payments are higher than Debt Settlement. Bankruptcy stays on your credit for up to 10 years.

Bankruptcy can cost up to $2,500 plus attorney's fees. There is an additional 5% Trustee Fee charged for administration of your Ch. 13. A Ch. 13 court decides what you can pay and what your budget is, and usually requires the pay back of ALL your debt according to your ability as determined by the court. A bankruptcy affects future rates on loans and your eligibility for certain types of employment.

Will I have to pay taxes on the reduced portion of my debt?
The IRS considers $600+ of forgiven debt as taxable income. However, this is not the case if your debts are greater than your assets at the time of debt settlement. If this is the case, you are considered "insolvent".

Should I try to settle my debt on my own?
This takes a lot of time and persistence. If you are working, when will you have the time to negotiate with your creditors and create a detailed payment plan? How will you know the best course of action without using one of our experienced negotiators? We are on your side and want you to take advantage of the help our professional staff is offering.


PLEASE CALL 888-475-0700