About American Debt Foundation
American Debt Foundation, Inc.
Debt settlement is a form of debt relief that can assist you in overcoming the burden of overwhelming debt in less time and for less money than other
On average, consumers who complete the American Debt Foundation’s do so in 3 to 5 years and generally pay less than half of the balance owed. That amount typically includes any interest charges, late fees, and the debt settlement company’s fees.
American Debt Foundation’s debt settlement program is an alternative to , which exists to assist consumers with significant debt due to personal or medical hardships. Too often, consumers join consumer credit counseling services in an attempt to repay their debt, but soon find that it may have not been their best . Some estimates show over 75% of people who turn to either quit or are dropped from the program. As a result, many clients end up filing for bankruptcy. Debt settlement is an alternative solution for people who legitimately cannot afford to repay their debts and are looking for an honest way out of a debt-burdened life.
Debt settlement serves an important role in the because it is not like , and other that coach you through repaying your entire debt, even if you cannot afford to do so. Instead, debt settlement involves negotiating with your creditors to settle your debt for a reduced amount. This is why debt settlement is a growing debt relief solution.
Many credit card companies have debt negotiation and settlement departments for the specific purpose of negotiating with debt settlement companies like American Debt Foundation. While they prefer that you repay the entire amount you owe, understand that lending credit is a risk, and sometimes consumers experience legitimate financial hardships that prevent them from repaying the full debt.