The expectation of what you should save towards your debt settlement is unique in each case.  That is why it is important to seek help from a professional to develop a settlement for your case. A debt advisor needs to know your situation before finalizing the outcome of the settlement. The outcome of the settlement depends on the amount you will need to save towards paying back your debt. One of our debt advisors will […]

The most important responsibility you have upon enrolling in a debt settlement program is to make sure you are able to pay the settlement when the settlement amount is due.  Once that settlement is reached you are fully responsible at that time and date to pay back the debt.  The debt settlement process and plan makes it simple for you to attain or save the money needed but it is up to you to ensure […]

The purpose of a debt settlement program is to free you of debt as soon as possible by reducing the balances you owe.  As an added benefit, the program will save you all of the interest accumulation over the amount of time it would have taken to pay the debt back in full.

During the process we also help each individual learn the importance of paying debt back on time, gaining a better understanding of when […]

Debt Settlement programs can have a negative effect on your credit report while in the program.  Upon completing the program your debt to income ratio (1/3 of your score) will greatly improve resulting in an increase to your score.

Currently by not doing anything with your debt, your debt income ratio is more than likely high, which will slowly decrease your overall score. Eventually your credit score will fall below the impact a debt settlement program […]

Yes, there is always a possibility of a lawsuit.  The longer it takes for you to pay your creditors the greater the chance of being sued.  About 5% of our accounts end up in a lawsuit.  This is a very low percent compared to other agencies, as our goals are to settle accounts before this occurs.  If you are sued we will still help you reach an agreement with that creditor.  With most clients who […]

It is impossible to stop debt collectors from calling.  There is no debt settlement firm that can stop ALL collection calls, but a good firm can help you decrease the calls significantly. The creditors have an obligation to continue to call until receiving a payment.  Typically, when you start to pay back a portion of the debt, the creditor calls will slow down.

The settlement firm that you work with should be able to tell you when your first settlement is expected.  It depends on the creditor(s), the amount of money you are able to save for the settlement, and the debt settlement program length.  Some clients can see a settlement within the first month depending on delinquency, but most clients receive their first settlement between 3-6 months of enrollment.

You are holding on to your funds.  Unlike other agencies that hold onto your monthly payments, PCS Debt Relief allows you to manage your funds.  We want you to be independent with your money.  Each advisor is well educated and experienced and are here to train you on raising your credit scores, teaching you about debt settlement, and providing you alternatives to bankruptcy.  PCS Debt Relief wants to instill a high success rate of debt […]

No, monthly payments are not made to your creditor since a settlement is being negotiated in order to pay off less than the full balance. There will be no monthly fees being charged for services to avoid more stress on your monthly expenses.  Settlement services are to help you gain a clean slate, not drive you further into debt. Many other debt relief companies will force clients into escrow accounts after less than a month […]

We do not charge up-front fees, monthly payments or cancellation fees.

Our fees are based on performance (how much we save you) and billed once an account is settled and finalized.  We do not receive our fees until your debt has been reduced.

The program fee is 15-20% of savings depending on the state you reside in.  For example, if your debt is $30,000 and the debt is negotiated down to $17,000 the savings is $13,000.  The […]