New Hampshire relies on the federal debt collection statutes and has enacted a few of its own laws. New Hampshire is a state where debt settlement help is greatly needed because of the laws enacted within the debt collection industry. The Attorney General does not require debt collection agents or agencies to be licensed and does not oversee their compliance with the federal laws. Since this may cause people stress, consumers should choose a debt settlement as a solution because the negotiators work hard at lowering the total amount owed. Below is a description of New Hampshire debt settlement, and what this process entails.
New Hampshire debt settlement is a perfectly legal solution for consumers who are trying to becoming debt free. 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 New Hampshire debt settlement process begins with creditors negotiating with debt settlement to reduce an overall debt into a lump sum payment. The debt settlement company ensures that the settlement is at an amount that is affordable by the consumer and is paid to directly to the creditor to ensure that are no problems. Most debt settlement cases involve unsecured debt. Unsecured debt usually refers to medical and credit card debts. Secured debt is usually student loans, auto financing and mortgages, these forms of debt 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.
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
