Debt Settlement

Debt Settlement / Debt Negotiations

Unemployed husband gives solace to his wife crying by debts

What is Debt Settlement?

Debt settlement, also known as debt negotiation, is a process in which a third party mediates between a creditor and a borrower in order to come to an agreement on the repayment of a debt. The goal of debt settlement is to reduce the overall amount of debt owed, often by negotiating a lower payment or lump sum settlement. It is important to note that while debt settlement can be a helpful option for those struggling with overwhelming debt, it is not right for everyone and can have negative consequences if not done properly.

Why Choose OCCAM Certified Companies for Debt Settlement?

When considering debt settlement, it is important to choose a company that you can trust to negotiate on your behalf. OCCAM Certified Companies have undergone rigorous vetting and investigation to ensure that they are ethical, reliable, and competent in providing debt settlement services.

OCCAM members are held to the highest standards in the industry and are committed to ensuring that their customers receive the best possible outcomes. In addition, OCCAM has a zero tolerance complaint policy, meaning that if you have any issues with an OCCAM Certified Company, we will work to resolve them to your satisfaction.

The TSR Amendment and Debt Settlement Services

DEBT SETTLEMENT COMPANIES ARE PROHIBITED FROM CHARGING ADVANCE FEES.

The Telemarketing Sales Rule (TSR) Amendment, enacted by the Federal Trade Commission (FTC), regulates the practices of companies offering debt settlement services. The TSR requires that these companies disclose certain information to consumers, including the potential negative consequences of debt settlement and the fact that the service may not be available in all states.

There are also exemptions to the TSR for certain types of debt settlement services, including those provided through face-to-face meetings or through non-profit organizations. OCCAM Certified Companies are knowledgeable about the TSR and will ensure that they are in compliance with all relevant regulations.

Is Debt Settlement Right for You?

Deciding whether debt settlement is the right option for you requires careful consideration of your financial situation and goals. It is important to understand that while debt settlement can help reduce the amount of debt you owe, it can also have negative consequences, including damage to your credit score and the possibility of being sued by creditors. OCCAM Certified Companies will work with you to assess your financial situation and determine if debt settlement is a viable option for you.

The Benefits of Choosing an OCCAM Certified Company for Debt Settlement:

There are many benefits to choosing an OCCAM Certified Company for debt settlement services. In addition to the peace of mind that comes with knowing you are working with a trustworthy and competent company, OCCAM members have the knowledge and resources to negotiate the best possible terms on your behalf.

They are also committed to ensuring that you are fully informed about the process and any potential consequences, so you can make the best decision for your financial situation. Whether you are struggling with overwhelming debt or simply looking for a way to improve your financial health, OCCAM Certified Companies are here to help.