If you are in debt and cannot pay your bills, a debt settlement program may be the cheapest way out of debt. You can draw that conclusion from the American Fair Credit Council (AFCC), an industry association of companies operating in the debt settlement industry that have agreed to a strict code of conduct.
Key takeaways from the 2020 report include that debt settlement provided, on average, $2.64 in consumer savings for each $1.00 fee assessed, and that nearly all offered settlements, over 98 %, resulted in a decrease of the client’s debt that was greater than the accompanying fees.
If you’re looking for a reliable partner in your debt settlement journey, reach out to us! World Faith Assurance will help you eliminate your debt and get back on your feet.
Still Have Questions?
We’re happy to answer any questions you may still have. Reach out to us and we’ll bounce back an answer!