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Debt settlement or debt
arbitration is a legal process used by both people in debt and their
creditors to negotiate a settlement of an existing legal debt. Debt
Settlement is not the same as Consumer Credit Counseling or Debt
Consolidation. Debt settlement is the consumer equivalent of a business
hiring a turn around specialist to help them settle their debts with
creditors and get the company back on track. Any person owing credit
card debt, or any other debt, has the legal right to contact and
negotiate with the creditors, however this practice takes time to master
and certain skills to get the maximum benefits.
State Capital Financial™ typically will
reduce your current unsecured debt balances 40-60%
* by negotiating an agreed settlement amount with your
creditors.
Debt settlement
companies correspond with creditors on debtors' behalf and assist
debtors by establishing a monthly saving goal so as to start investing
only to raise money for the settlement of the debts. Debt settlement can
almost always be done with the correct negotiation with the creditors.
This can be done best by hiring a experienced third party. For
guaranteed satisfaction have an expert, like
State Capital Financial™, contact the creditors personally rather
than trying to do it yourself.
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Rapidly becoming the top method for consumers to get rid of problem
debt.
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Independent companies that are not affiliated with your creditors or
paid by your creditors like consumer credit counseling.
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Charges a fee to get started but offers financing options.
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Client's debt is paid off in anywhere from 15- 36 months depending on
cash availability.
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Will
receive an 'open delinquency' on your credit until debts are settled.
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Affects credit much like debt consolidation firms except the settlement
is ultimately paid by the consumer directly to the creditor, unlike with
a consolidation company.
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Lowers
your debt to income ratio more quickly than Consumer Credit Counseling,
which represents a significant factor in your ability to quality for a
loan.
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You
will typically end up paying only 40-60% * of your current balance.
 (Free
Consultation with a Professional Debt Specialist)
State
Capital Financial™
is successful because our Senior Debt Specialists are highly trained and
motivated debt negotiators who carefully structure a debt negotiation
action plan for each and every client. SCF™
obligates every staff member possible to settle your debts while keeping
you away from debt consolidation companies and the bankruptcy court.
Your success also depends on a total commitment on your part, while you
work with our experienced staff where we form a partnership to settle
your debt. Our Team has helped hundreds of people just like you get out
of debt. Let us help you!
You will need to
prepare your creditor documentation (most recent statements) so that our
Debt Specialist can assist you in a timely manner. You may be asked for
details of creditors as necessary.
We help you through this process - step by step. Call and speak with a
Debt Specialist and see how you can count on SCF to settle your Debt and
give you peace of mind!
 (Building
a Debt Settlement Plan for you)
After determining the
most comfortable debt settlement plan for you we will send you approved
registration forms. The forms will provide us not only with your
personal information as well as information about your creditors. After
we process your plan we will immediately start working on your case by
contacting all your creditors.
Your creditors will
be informed to close all accounts if not already done so and to redirect
ALL further communications to our office. This will remove the
unnecessary stress of having to deal with your creditors. If you
continue to receive calls from the creditor should be told to send
everything in writing or directed to SCF, you should contact your
creditor specialists, we will provide you a direct number. We will take
all necessary steps to ensure that harassing creditor calls are avoided.
Our Debt Negotiators
will start negotiations with all your creditors to obtain the best
settlement possible. Our Debt Negotiators are paid on commission, based
on performance. They get paid more to get you the best settlement. Our
average settlements range from 40-60% of your total balance * . We
provide you with the forms which authorize us to finalize the settlement
process with your creditors.
 (Setting
up an Affordable Low monthly payment plan)
State
Capital Financial™ will work with you to determine an affordable low
monthly payment to put towards your debt settlement fund. When a comfort
level is met with the appropriate set monthly amount, these funds will
be focused on your debt settlement. The funds will be set aside each
month so that our debt negotiators can negotiate a settlement with your
creditors.
We provide a variety
of programs to choose from depending on how fast you want to be debt
free. Programs range from 15-36 months depending on the size of debt.
Some cases may differ from others and one of our Debt Specialists will
be able to provide you with actual requirements for your individual debt
situation.
SCF™
client service
representative will contact you monthly to make sure everything is going
as planned. If you have any new information or questions your client
service representative will be happy to assist you at that time. You
will also be given a direct line to call anytime with any concerns or
questions you may have.
 (Our
process in settling your debt with your creditors)
Working with
creditors can be a timely process of negotiations between the creditor
and our company who represents you. Our program is structured for you,
and is set up so that when you have a reasonable amount of negotiating
funds our debt negotiators will begin the process of getting you the
best percentage on your total debt. Creditors
know that approximately 30% of the almost 2 million bankruptcies last
year occurred on debt that was current. Creditors do want to
settle, its just using the right negotiating strategies to accomplish
the best result.
A copy of the debt
settlement letter from the creditor is sent to you for your approval if
it is greater than 50%. After a settlement is agreed by you and the
creditor, your debt settlement account will then provide the funds for
the settlement until the final payment is made. Remember,
State Capital Financial™ is working for you
and not your creditor..
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