Debt settlement reduces your balance of the debt owed. Your debt is negotiated down, and you pay less than you owe. The creditor forgives the remaining balance in a transaction called a settlement.

We are not attorneys and cannot provide legal advice. But based on publicly available information online, bankruptcy is generally seen as a last resort and can come with harsh consequences. It may impact your credit score for up to 10 years, which means it could take a long time to recover. You can be denied employment, state licenses, insurance – even occupancy of an apartment. Plus, there’s a risk that major assets could be seized, causing you to lose personal property. Debt settlement is the process of negotiating outstanding debts, using a combination of debt forgiveness and a reasonable payment plan to help you become debt-free. Our program can help you realize a significant reduction in the amount you owe, give you a lower monthly payment, and have your enrolled debt paid off in as little as 24-48 months.

Alpha Debt Settlement programs can save you “thousands upon thousands!” of dollars, according to our former client, Dave R. After all, settling your debt means that the interest and fees you’re currently incurring on credit cards and other debts each month will stop accumulating. Add on all the debt we eliminate for you, and that will free up thousands of dollars for you to use to pay other bills, purchase a home, or prepare for retirement.

That depends. Your creditors will issue you a 1099-C form for any debt forgiven over $600. The forgiven debt counts as income. But, if you are insolvent (you have more liabilities than assets) at the time we settle with your creditors, you may not have to pay any taxes on the forgiven debt. “A taxpayer is insolvent when his or her total liabilities exceed his or her total assets. The forgiven debt may be excluded as income under the ‘insolvency’ exclusion. Normally, a taxpayer is not required to include forgiven debts in income to the extent that the taxpayer is insolvent.” – IRS.gov It’s best to speak with a CPA or tax professional for help with this.

You will have a consultation with one of our Debt Specialists. We will review your current financial situation and confirm your debts qualify for settlement. Once confirmed, you and your Debt Specialist will develop a strategy that works for you and your income.

This is based on your income and we will work together to figure out what works for you. Simply set aside the agreed amount monthly and your Debt Specialist will use these funds to negotiate down your debts with your creditors.

We charge no fees until you approve the resolution agreement and your debts are settled. There are no sign-up fees, no cancellation fees, and there’s absolutely no obligation – you’re in control. Once debts are settled, the average client usually pays a fee of 15-25% of the total debt enrolled as part of their monthly payment. And if we can’t settle your accounts, you don’t pay us. It’s that simple.

Yes! In following the requirements of federal law, we do not complete a settlement unless you approve it. Moreover, we do not collect a fee associated with our efforts to settle a particular debt until you have approved that settlement and made at least one payment. If we can’t settle your debt or if you’re not satisfied up to the point of us settling your debts — for any reason — you can cancel anytime without any penalties or fees other than any fees earned associated with prior settled debts. That’s right! We get results or you don’t pay.

It depends on how quickly you can build up your funds and save for the settlement offers. The faster you save, the quicker you get out of debt. It typically takes between 24-48 months with our program. By contrast, if you only make the minimum payments on your credit cards, you could be in debt for the next 10-20 years and pay back 3x, 4x or even 5x as much as you originally borrowed.

No, you won’t be able to use your credit cards that are enrolled in the program. Plus, creditors will usually close your accounts after you’ve missed a few payments. Your debt expert will help you decide the best plan of action based on your current financial situation.

You’ll need to make a conscious decision to stop monthly payments to your creditors, since they won’t negotiate a reduced principal balance if you’re current. This helps establish a legitimate financial hardship for the creditors, giving you the opportunity to participate in this savings program.

There is a slight possibility that a creditor might sue you. But, lawsuits are expensive and creditors try to avoid them. We aim to complete the program as quickly as possible to avoid any lawsuits.

Initially, your credit score will probably go down. However, as your debts are settled, and your debt load goes down, your credit score will begin to improve. We've had customers who have experienced an increase of up to 200 points, while over time, other's scores increased by 60 to 80 points. Everyone's results will vary. With our 100% Money Back Guarantee, you can have peace of mind that your primary goal of reducing your debt will be accomplished.

You'll need to provide basic income and debt information to allow us to completely understand your financial situation. We need to know who your creditors are, and how much you owe them in total, and monthly.

Welcome aboard! First, you'll receive a confirmation and welcome email and phone call within 48 business hours for your initial consultation and financial audit. Then, we'll lay out your customized plan to begin the debt settlement process. We will then begin contacting your creditors to negotiate the settlement terms.