Debt settlement is an approach to debt reduction that involves negotiating with creditors to accept a smaller amount than what you owe and forgiving the remainder of the debt. Bankruptcy, depending on the type, is dismissing your debt or paying it off over a certain time frame. Bankruptcy is a public record and will stay on your credit report for 10 years.
How is debt settlement different from bankruptcy?
Sr. Debt Analyst at PCS Debt Relief
At PCS, our programs are tailored to the client’s specific financial needs. What sets us apart from our competitors is that clients see relief, before any payment is received. Our NO UP-FRONT FEE policy ensures our client’s a 100% satisfaction guarantee. We also do not charge any monthly fees or any cancellation fees. We want the client to feel comfortable during the whole process that’s why we allow them to be part of it every step of the way.