(636) 209-4481

Can I get sued?

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 […]

July 6th, 2016|

Can you stop my creditors from calling me?

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.

July 6th, 2016|

When can I expect my first settlement?

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.

July 6th, 2016|

Who is holding my money while I’m waiting on a settlement?

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 […]

July 6th, 2016|

Will you be making monthly payments to my creditors?

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 […]

July 6th, 2016|

What are your fees?

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 […]

July 6th, 2016|

How Will Debt Settlement Affect My Taxes?

Any debt over $600 that is forgiven will be issued a 1099 by the creditor.  For example, if your debt was $20,000 and you reached a settlement of $12,000, then the forgiven debt is $8000.  However the IRS will often waive this tax liability if you prove that you were insolvent during the time in which your debt settlement occurred. Many of our clients are able to prove insolvency since their debts are more than […]

July 6th, 2016|

Where Can I Find A Trusted Debt Settlement Firm?

Start by checking with the Better Business Bureau (BBB). The firm should have at least an A rating with no complaints registered. Then check their ratings on 3rd party sites such as the BBB, Yelp, Yellowpages.com, Facebook and Google. Look for at least a 4 star rating and read through comments by others to see what people say about the service received and the savings they achieved.
Once you have a couple of firms to consider, […]

July 6th, 2016|

What Makes Me a Good Candidate for Debt Settlement?

If you are struggling with your credit card debt, having a hard time paying off your credit card balances, or even worse, struggling to pay the minimum amount due each month, you may want to consider looking into a credit card debt relief program.
If you are motivated to get out of debt without having to file bankruptcy, you may be a candidate for debt settlement.

July 6th, 2016|
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