Debt Settlement

Debt Settlement Attorneys: Craig P. Helgesen, Kurt M. Helgesen

Debt Settlement Paralegal: Angie Allen

Debt Settlement Specialist: Mark R. Helgesen


What is Debt Settlement?

Debt settlement is a form of debt reduction that benefits debtors who can’t pay all their debts and do not want to file bankruptcy. This requires the debtor and creditor to come to an agreement on an amount less than the amount owed. The negotiated amount will be accepted as full payment for their debts. Creditors are willing to negotiate the debt to avoid a bankruptcy because once bankruptcy is discharged the debt will be cleared completely.

How does Debt Settlement work?

Once our debt settlement team at Helgesen, Houtz & Jones is retained, we will begin to negotiate your debts with your creditors. We will give our best efforts into making sure we reduce your debts as much as possible, providing you with relief from your financial burdens. Once we come to a settlement with your creditors you will be notified. Our debt settlement team will take a percentage of the money that we save you. If we can’t settle your debt there is no charge.

What kinds of debt can be settled?

There are two different kinds of debt: secured debt and unsecured debt. Secured debts are usually loans on houses and automobiles. They are any loan where something of value is promised if the debtor fails to repay the loan. Unsecured debts are debts that are given based on a good credit score without promising anything of value if you fail to repay the loan. Only unsecured debts can be settled.

Types of unsecured debts:

  • Credit Card Debt
  • Medical Bills
  • Personal Loans
  • Private student loans
  • Payday Loans

If you would like to know if your debt is eligible for debt settlement, schedule a free consultation with our debt settlement team for more information and you can decide if this is the best option for you without any type of commitment.

How much will a debt settlement attorney cost?

The best part about debt settlement is that no matter what, you win. If we can’t settle your debts there is no charge. After negotiating with your creditors and lowering the amount you owe, we will take a percentage of the amount you saved.

Contact our debt settlement team today for a FREE CONSULTATION and see if this is the best option for you. Fill out the contact us form, visit us at our office or call us to schedule an appointment today.