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PCS Debt Relief offers second mortgage debt relief using debt settlement services.  Specifically, we can help borrowers with their Home Equity Loans and Home Equity Lines of Credit (HELOC) who find themselves “upside down” on their mortgage or are in danger of defaulting on their payments.

How Can PCS Debt Relief Settle a Second Mortgage?

Home Equity Loans and HELOCs are considered secured debts that hold the home as collateral against the debt in case of default.  Historically debt settlement of secured debt would be very difficult since the creditor has the ability to foreclose or repossess the secured collateral.  However, this is not necessarily the case with second mortgages.

Creditors for Home Equity Loans and HELOCs get secondary consideration for repayment of their loans in the case of a home foreclosure or a Chapter 13 bankruptcy procedure.  In these cases, the second mortgage lenders may risk losing up to 100% of the money they loaned to the borrower.   Negotiating with the borrower to receive even a small percentage of the money owed would be better than getting nothing so many of these lenders will consider a settlement offer.

PCS Debt Relief provides second mortgage debt relief by negotiating on behalf of the borrower to get the creditors to accept significantly less than the principal balance owed on the loan.  This is considered second mortgage settlement.

PCS Free Second Mortgage Debt Relief Consultation

We offer a free consultation to determine whether debt settlement is the right solution for your home equity loan or HELOC debt.  If debt settlement is the right solution for your situation we will explain how the process works and the benefits you could receive.

All of our debt settlement services come with the same promise:

  • No upfront fees
  • No cancellation fees
  • No monthly fees
  • We don’t get paid until you get debt relief!


What Are The Benefits of a Second Mortgage Settlement

If it is determined that settling your Home Equity Loan or HELOC is right for your situation, the following benefits could be achieved:

  • The principal balance of your loan could be decreased significantly, possibly as much as 60-70%.
  • Your debt-to-income ratio would be reduced, helping to improve your credit score.
  • Removes the fear of future liability for the loan.
  • The second lien on your home would be removed, improving your ability to sell the home.

Common Questions About Second Mortgage Debt Relief

If you owe more on your home than the market value of the home then your mortgage is considered “upside down”. As an example, if you owe $300,000 on your first mortgage and the value of your home is $250,000, your mortgage would be considered “upside down”.
If the amount owed on your home for the first mortgage plus the second mortgage is more than the market value of the home then the second mortgage is likely “upside down”. As an example, if you owe $300,000 on your first mortgage and you owe $100,000 on your second mortgage, the total owed is $400,000. If the market value of your home is $350,000 the second mortgage is at risk for $50,000 making it “upside down” since there isn’t enough collateral to cover the loan.
A second mortgage is considered a “recourse loan” which means the lender can pursue payment for the balance of the loan even after the collateral (home) has been lost to foreclosure.
Yes, if your second mortgage is considered a “recourse loan” lenders are allowed to pursue legal action even if the home has been foreclosed upon. Check to see if your state is considered a “recourse” state or speak with a debt advisor.
Every individual’s situation is different. PCS Debt Relief offers a free consultation to determine whether debt settlement is the right choice for you.
Yes, there are certain situations where that may be possible, particularly if the total amount of borrowed equity is higher than the current market value of your home. Call PCS Debt Relief for a free consultation to see if this makes sense for your situation.


If you find yourself struggling to make payments on your home equity loan or HELOC, or you are already in foreclosure for your first mortgage, speak with a PCS Debt Relief advisor as soon as possible to find out what your options are. 

A Debt Relief Company You Can Trust!

With over 30 years of combined experience, a Better Business Bureau A+ rating, and a zero complaint history, you can feel confident that PCS Debt Relief will be a debt relief company you can trust. We are headquartered in St. Louis, MIssouri and offer our debt relief services nationwide.