What types of debt qualify for debt settlement?
Our debt settlement program can help to settle a wide variety of debt problems, but not all debts will qualify for settlement. Merchant Cash Advances, Business Credit Cards, Vendor Debt, Business Loans Most debts are categorized as either secured or unsecured debt. Unsecured debt often takes up a significant portion of a business's overall debt. The good news is that it can be resolved as part of a debt settlement program. If the debt is based on collateral such as a truck, house or piece of property; it is considered a secured debt. Specific examples of secured debt include a mortgage, truck loan or equipment financing. Unfortunately, this type of debt cannot be settled because the creditor can simply relinquish the asset in order to recover the funds. Once the collateral is recovered, a creditor will look to recover any deficiency, which we can settle.