Maine debt settlement is a perfectly legal solution for people who are in debt and seeking an alternative to bankruptcy. Pay As You Settle (PAYS) adheres to the Federal Trade Commission (FTC) ruling 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. The first step with the debt settlement process is negotiating with creditors to reduce the overall debt into a lump sum payment. That lump sum payment is negotiated at a reasonable rate for Pay As You Settle (PAYS) customers by a dedicated negotiator that understands debt and will educate on different cases as well as different forms of debt. Most debt settlement cases involve unsecured debt. Unsecured debt includes medical and credit card debts. Secured debt includes student loans, auto financing and mortgages, these cannot be negotiated because they are privatized. The way 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 debt collection agencies believe they can harass clients for payment. This is illegal and can be reported if this does happen. Most good debt settlement companies work directly with the client and can cut the balance of the debt by 35-50%. After this is negotiated, the debt settlement company can pay the creditor with a lump sum to resolve the debt amount.
Pay As You Settle is a program of Prestige Financial Solutions who is an accredited leader in the debt settlement industry. PAYS has numerous accreditations from the BBB, TASC, USOBA, etc. As a leader in the debt settlement industry, PAYS is an advocate in protecting the consumer from inappropriate fees; traditional debt settlement companies require upfront fees before talking to a creditor PAYS does not. PAYS has never accepted fees since its inception and will only accept payment once a debt has been settled. If the debt seems unmanageable we are here to provide you with help, our expert team of negotiators will speak with creditors to come to a reasonable settlement by all parties. Our goal is to help the consumer get back on track to financial well being.
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
