Debt Settlement can lower your monthly payments immediately to help relieve pressure and help you get out of debt and stay out of debt as quickly as possible.

Our program: Instead of paying your creditors directly, you’ll deposit a monthly payment to a escrow account, in your name and under your control. As you accumulate funds, we’ll contact your creditors and negotiate a reduced payoff amount. (Because you’re no longer paying the creditor, they often view getting a reduced amount as better than risking no payment received at all.) You’ll then authorize us to use the funds in your Dedicated Savings Account to pay your creditors the lower, negotiated amounts. As accounts are paid off at the lower negotiated rate, they should be reported back as a zero balance.

Emerson & Douglas goes the extra mile by taking the time to understand your budget and the best fit solution for your personal situation. We want you to be in control and help  customize your deposit schedule to fit your needs as much as possible. 

Emerson Douglas' debt settlement program includes a fee for their services, but this fee is performance-based and already included in the Dedicated Savings Account deposit. This means that we will only earn money for the work we do once we have settled the debt for a lower amount with the creditor. 

Our fees are based on the amount of debt enrolled and the state where the customer resides. These fees typically range from 15-25% of the enrolled debt. Despite these fees, customers can still expect to see significant savings when compared to the thousands of dollars in interest charges that they may have paid while struggling to pay off their credit cards.

For example, Monica had $63,311 in credit card debt and was paying $2163.13/ month. This amount was more than their mortgage! Working with Emerson Douglas we were able to lower that amount to $619/m over 19 months getting her out of debt for $26,188 less than she owed with our fees included!

Douglas amount to 20% of the enrolled debt, or $4,000. Even with these fees, the customer can still expect to see significant savings compared to the interest charges they would have paid had they continued to struggle with paying off their debts. The amount of savings will depend on the individual circumstances of the customer and the negotiations that Emerson Douglas is able to achieve with their creditors.

You will not be able to use any credit cards or any  accounts that are enrolled into a Debt Settlement program. 

When you are enrolled in a Debt Settlement program your balances are being negotiated down to a lower more reasonable amount for your financial situation. Because of this credit card companies will not allow you to use more credit until that lower negotiated balance is paid off.