Vermont cares about it’s citizens and enthusiastically regulates all processes related to loans, debts and collecting ensuring that their citizens get fair treatment from debt collection agencies and creditors. If an agency or creditor is in violation of debt harassment they can be punishable up to a $1,000.00 fine. The processes of debt settlements can be complex because of the wide range of contracts and creditors. They can incorporate changes in payment rate or period, one or more lump sum payments, and even payment deferrals. However, the decision should be made carefully; generally, BBB rated debt settlement companies should be consulted. Many debt settlement lawyers aim only to make the most money from debtors, rather than truly help them out of debt. Below is an introduction to debt settlement.
Vermont Debt settlement is a perfectly legal solution for consumers who are in deep and seeking an alternative to bankruptcy. Pay As You Settle (PAYS) adheres to the Federal Trade Commission (FTC) rule for the debt settlement industry. Earlier this year the FTC created a law stating that debt settlement companies cannot charge for fees before services are rendered. Since PAYS was created with the consumer in mind,this program began months before the law became intact. One of the most popular debt solutions is the Pay As You Settle (PAYS) program. PAYS is an accredit program negotiating reasonable settlements for consumers with unmanageable debt. Debt Settlement is the process of negotiating with creditors to reduce an overall debt into a lump sum payment. Most debt settlement cases involve unsecured debt; these include medical and credit card debts. Student loans, auto financing and mortgages are secured debt, these cannot be negotiated. Collection Agencies /junk debt buyers agree to take less than the owed amount to the creditors since they bought the debt at a fraction of the overall cost. Most good debt settlement companies can cut the balance of the debt by 35-50% and then pay the creditor with a lump sum to resolve the debt amount.
PAYS is a nationally recognized program with a team of dedicated negotiators working on reasonable settlements. We understand that there are multiple reasons to be in debt from divorce to loss of employment. Our goal at PAYS is to help our customers regain a sense of financial control so they can sleep at night.
Our debt settlement program is free* for consumers with any amount of debt. If you feel you need help with your debt, fill out the form on the left or call 1-877-413-0338 to talk to our debt settlement negotiators.
Pay as You Settle® (PAYS) is the nation’s leading and only state-certified pay as you go debt settlement program. Our goal at PAYS is to ensure that each customer gets back on track to financial well-being.
*Debt settlement program is free until services are rendered
