What is a Debt Settlement?

Debt Resolution, also referred to as Debt Settlement, is an aggressive, yet highly effective approach to resolving debt issues. But it’s not for everyone. While it’s true that this debt relief method can lower the outstanding balance on your debt, it’s an involved process that you need to understand before jumping into it. Debt Settlement is one of the best and quickest options to get rid of debt quickly for those wanting to avoid bankruptcy.

How it Works

If you owe $5,000 or more in unsecured debt such as credit cards, loans, medical bills, collection accounts etc. FCCM’s Debt Relief program may be able to help you.

The first step is to call or fill out this form for a free consultation. We will speak with you about your specific situation and to understand your goals. We will evaluate the types of accounts you have and then create a custom debt relief program that fits your needs. This includes a free savings estimate and determining a comfortable savings amount that you can commit to setting aside each month to go toward resolving your debt. This monthly savings amount will accumulate in a dedicated savings account that you set up and control.

Once we establish an affordable monthly program payment and you enroll in FCCM’s program. We begin working on your behalf immediately. As your funds accrue in your dedicated savings account, we are negotiating with your creditors to settle your enrolled debts. We will remain in contact with you throughout the entire process and let you know when we are about to reach an agreement with each creditor. You will then have the opportunity to approve the settlement.

Once a settlement is negotiated and a payment is made toward that settlement, you pay the fee associated with that account. So we only earn our fees after we get you results!

After the account is settled in full, we request that your creditor updates your credit report to reflect that you have settled the account in full and report a zero balance. At this point we will continue working on the remaining enrolled accounts until they are all resolved.

Benefits of Debt Settlement

First Choice Credit Management’s Debt settlement program is designed to help resolve burdensome debt as quickly as possible while saving our clients as much as possible. Here are just a few benefits of this program.

One low monthly program payment

Resolving your debt in a much shorter timeframe, typically 12-42 months

Settling your debt for a fraction of what you owe

Avoiding the most credit-damaging option, bankruptcy

What types of debt are eligible for debt settlement?

  • Credit Card Bills
  • Department Store and Gas Cards
  • Personal Loans
  • Collection Accounts
  • Payday Loans
  • Medical Bills
  • Repossessions

Is Debt Settlement right for you?

If you are struggling to keep up with your minimum payments or have already fallen behind on your payments. Debt Settlement is definitely worth considering as an option to resolve your debt. Its not for everyone, so make sure you speak with a Debt Specialist to help determine which option is best for you.


If you feel Debt Consolidation is the right program for you, speak with a Certified Debt Counselor today.

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