1) Financial Assessment
The process begins with a thorough assessment of your financial situation. You'll gather information about your debts, income, and expenses to understand the extent of your financial challenges and determine if debt settlement is a suitable option for you.

2) Establish a Savings Account
To fund the settlements, you'll typically be advised to stop making payments to your creditors and instead redirect those funds into a separate savings account. This account will accumulate the necessary funds to negotiate and settle your debts.

3) Creditor Communication & Negotiation
We will reach out to each creditor to discuss your financial hardship and propose a settlement offer. The negotiation phase involves working with your creditors to reach a mutually acceptable settlement. Typically, the goal is to reduce the total amount owed. We will negotiate for a lump-sum payment or a structured settlement plan, often aiming to settle for less than the full amount.

4) Settlement Agreement:
Once a settlement offer is accepted by a creditor, you will receive a written agreement outlining the terms of the settlement. 

5) Payment and Debt Satisfaction:
Upon accepting the settlement agreement, you'll need to provide the agreed-upon payment. This payment is typically made from the funds accumulated in your savings account. Once the payment is received, the debt is considered satisfied, and you no longer owe the remaining balance.