Frequently Asked Questions

Debt settlement is easy with American Credit Card Solutions, from the questions you have to the financial freedom you want.

Everything You Need To Know About Debt Settlement

Debt settlement is a method of paying off your debt, often at a reduced amount negotiated with your creditors.

In short, you’ll be letting your unsecured debts go delinquent, if they aren’t already. This shows creditors that you are in a hardship situation.

Instead of paying your creditors monthly minimum payments, you begin depositing a monthly payment into an FDIC-insured savings account that you control. When enough money has accrued, we negotiate with your creditors for a lower payoff and use the money in your savings account to pay off your debts.

You continue to make your monthly payment into the account, and we distribute that throughout your creditors until your debt is paid in full.

Most unsecured debts are eligible, such as unpaid credit cards, medical bills, personal loans and accounts in collections. To see if your debts are eligible, contact one of our dedicated debt professionals.

Initially, your credit will suffer. Your unsecured debts will go unpaid for a period of time as your creditors are informed that you are in a hardship situation. However, as your debts are paid, your credit score will begin to rise.

Of course, you can if you qualify. And for some, this may be the better option. For example, a Chapter 7 bankruptcy completely eliminates your debts. Also called liquidation, your assets are dissolved to pay off the bankruptcy debt. However, bankruptcy stays on your credit for 10 years. Every debt solution has pros and cons. Call 877-820-2954 to speak to one of our debt professionals to find out which solution is right for you. If considering bankruptcy, ACCS recommends consulting a bankruptcy attorney.

Negotiations typically don’t begin until a few months after your debt settlement program has started. After you enroll in our program, you begin making payments into an FDIC-insured savings account that you control. Once enough money has been deposited, we begin negotiating with your creditors to reduce the total amount owed. The start of the negotiations depends on several factors including the number of creditors, how much you owe and how much you can afford to pay monthly.

American Credit Card Solutions stands by the rules and regulations of the Federal Trade Commission (FTC). When you enroll in our program, we do not charge any upfront fees. There is no cost to enroll in our debt relief program. We also provide our initial consultation at no cost and no obligation to you. Your success defines our success, so it is essential that our program is the right solution for you.

The best way to know if you qualify for our program is to share your situation with one our friendly and knowledgeable Debt Specialists.  In the meantime, below are a few signs that you may be an ideal candidate for our debt settlement program:

  • You owe $10,000 or more in unsecured (i.e. no collateral) debt
  • You are having difficulty either maintaining or are falling behind on the monthly minimum creditor payments
  • You have multiple credit cards that are either at or near the maximum allowable limits
  • You are trying to avoid bankruptcy
  • You are experiencing one or more financial hardships, such as unemployment, medical expenses or a death in the family

There are also eligibility standards that relate to the types of qualifying debt.  For example, child support debts, car loans and mortgages are typically ineligible for our debt settlement program. However, major credit card bills, department store credit cards, installment loans, medical bills, and the like are debts we can assist you with. 

Debt settlement is a method of paying off your debt, often at a reduced amount negotiated with your creditors.

Most unsecured debts are eligible, such as unpaid credit cards, medical bills, personal loans and accounts in collections. To see if your debts are eligible, contact one of our dedicated debt professionals.

Initially, your credit will suffer. Your unsecured debts will go unpaid for a period of time as your creditors are informed that you are in a hardship situation. However, as your debts are paid, your credit score will begin to rise.

Of course, you can if you qualify. And for some, this may be the better option. For example, a Chapter 7 bankruptcy completely eliminates your debts. Also called liquidation, your assets are dissolved to pay off the bankruptcy debt. However, bankruptcy stays on your credit for 10 years. Every debt solution has pros and cons. Call 877-820-2954 to speak to one of our debt professionals to find out which solution is right for you. If considering bankruptcy, ACCS recommends consulting a bankruptcy attorney.

In short, you’ll be letting your unsecured debts go delinquent, if they aren’t already. This shows creditors that you are in a hardship situation.

Instead of paying your creditors monthly minimum payments, you begin depositing a monthly payment into an FDIC-insured savings account that you control. When enough money has accrued, we negotiate with your creditors for a lower payoff and use the money in your savings account to pay off your debts.

You continue to make your monthly payment into the account, and we distribute that throughout your creditors until your debt is paid in full.

Negotiations typically don’t begin until a few months after your debt settlement program has started. After you enroll in our program, you begin making payments into an FDIC-insured savings account that you control. Once enough money has been deposited, we begin negotiating with your creditors to reduce the total amount owed. The start of the negotiations depends on several factors including the number of creditors, how much you owe and how much you can afford to pay monthly.

American Credit Card Solutions stands by the rules and regulations of the Federal Trade Commission (FTC). When you enroll in our program, we do not charge any upfront fees. There is no cost to enroll in our debt relief program. We also provide our initial consultation at no cost and no obligation to you. Your success defines our success, so it is essential that our program is the right solution for you.

The best way to know if you qualify for our program is to share your situation with one our friendly and knowledgeable Debt Specialists.  In the meantime, below are a few signs that you may be an ideal candidate for our debt settlement program:

  • You owe $10,000 or more in unsecured (i.e. no collateral) debt
  • You are having difficulty either maintaining or are falling behind on the monthly minimum creditor payments
  • You have multiple credit cards that are either at or near the maximum allowable limits
  • You are trying to avoid bankruptcy
  • You are experiencing one or more financial hardships, such as unemployment, medical expenses or a death in the family

There are also eligibility standards that relate to the types of qualifying debt.  For example, child support debts, car loans and mortgages are typically ineligible for our debt settlement program. However, major credit card bills, department store credit cards, installment loans, medical bills, and the like are debts we can assist you with. 

Still have questions?

You don't need a crystal ball to get the answers. Learn about American Credit Card Solutions' debt settlement services, and our proven track record of helping people get back to their lives. There's a light at the end of the tunnel, and it starts with a free, no obligation evaluation.