There are a few factors to consider. If you do decide to take the bankruptcy option, the bankruptcy will appear on your credit reports for 7 to 10 years. Also, it will depend the article that you are eligible for, but in most cases you will have to pay a percentage of your debt up front to start the process, you will be required to provide forms such as: 3 years of Tax forms, a year of bank statements, 2 months of pay stubs and up to $2,500 in lawyers fees. Aside from all the initial requirements, you will also be subject to higher interest fees in future financial commitments such as credit cards, personal loans and mortgage loans.

We help people by offering real solutions to their financial problems. We work with the lenders to get to an agreement and reduce your debt. Our clients have legit financial difficulties and is possible that they do not qualify for other types of programs, bankruptcy, debt consolidation etc. And that is why we negotiate with the lenders to achieve arrangements to reduce the debt substantially. Our clients approve these arrangements, and we will accommodate according to our client’s budget. To get more information and see how this program could work for you, please contact us and get a free consultation.

It will depend on the status of your credit at the time of enrollment. If you have a delay of 30, 60 days or more on your accounts then by participating in our program there is a high probability that your credit score will improve. Regardless of your credit score at the time of enrollment, in the mid term your credit score will improve more if you eliminate all of your debt within 2 years than if you continue to drag your debt for 10 , 15 years by making minimum payments. Our main objective is to assist our clients to eliminate their debt in the fastest way possible and help them take control of their finances. We do understand that Credit Reports are important, but not as important as being able to pay your full debt at a fraction of the original debt. Maintaining your debt in order and reported to the credit agencies it’s a positive element.

No, your budget dictates the quickness of what and how much debt you can pay at once. The majority of our clients have a very limited budget and can only pay one debt at a time. Some credit card companies accept payment plans for the arrangement. Your budget is the most important element and need to maintain that being the case. For more information please contact us for a free consultation with no commitments.

Yes, absolutely. US National Credit Solutions operates under the requirements of the FTC (Federal Trade Commission) and is strictly certified by International Association of Professional Debt Arbitrators (IAPDA). The debt reduction via negotiation, although is not an easy process, is completely legal. For our clients, the debt reduction is vital for their financial stability. Without our debt reduction services, bankruptcy could be their only option. That is why, with arrangements and negotiations, we can provide our clients a legal and ethical way of reducing their debt, helping them avoid bankruptcy and reestablishing their finances with a good credit.

You can represent yourself in court without a lawyer, but generally, the result is not the same when you have a professional on your side. The same applies here. It is really hard for someone to negotiate their own debt. It is an emotional process and requires knowledge and patience. In some cases you will face confrontational situations that are not easy to handle if you do not have the expertise required, and most likely you will not be able to negotiate an arrangements like we would since we have the experience and the tools necessary to make it happen. Let us do the hard work for you. We will obtain the best arrangement possible and that means less tension for you. We can, and will, help you take control of your financial situation by negotiating the best possible arrangements with your lenders.

Collection calls can certainly be an unpleasant experience. Harassment from lenders and collection agencies it’s one of the main reasons people feel pushed to seek the bankruptcy route, when in they would rather negotiate with the lenders. We do everything in our power to reduce the impact on collection activities and we can certainly help minimize those calls to a more manageable state. To help minimize these calls we utilize your rights under the Fair Collection Practices Act (FDCPA). For more information please contact us for a free consultation with no commitments.

Yes, one of our certified specialists (IAPDA Certified Debt Specialist) will provide the best advise on your situation in a free in person consultation, with no commitments or attachments. We also negotiate with your lenders to reduce your debt and your payments considerably maintaining your credit on an optimal state. Once you are out of debt we would like you to stay this way!.

If you are deeply in debt, it is unlikely that you have a positive net value, which means it is unlikely that you will have to pay taxes on your reduced debt. The law requires that financial institutions disclose canceled debts of $600 or more (the forgiven amount during the transactions of the establishment) to the IRS. The IRS allows you to net any “income” of debt cancelled with the amount that you were insolvent when the debt was cancelled. You are defined as insolvent when you owe more than what you have, or you have net negative value. There are exceptions, please contact a tax professional for more information.