Q: What is Debt Settlement?
A: Debt Settlement is a method of reducing your unsecured debt by negotiating a payoff amount with your creditors that could be as low as 40-70% your balance. Debt Settlement can save you thousands of dollars and years of repayment.

Q: When will the debt settlement process start?
A: The process actually begins as soon as a Client enrolls in the program. Creditors are mailed letters stating that the Client is enrolled in our debt settlement program. They are requested to direct all communications to ABM Debt Services. Once sufficient funds accumulate in the Clients Trust Accounts, settlement offers are then submitted to the Creditors.

Q: What happens to my credit score?
A: Your credit rating is determined mainly by two factors, the amount of credit you have and your payment history. The very fact that you are looking at ABM Debt Services for help, indicates that you have more consumer debt than you can currently pay and will soon begin to show late payments on your credit report. If your credit has not already started a downhill slide, it surely will. ABM Debt Services will not immediately help to restore your credit. In fact, your credit will be impaired while you are in the first few stages of the program. However, as you progress through the program your consumer debt will decrease and, as your debts are settled, the creditors will report your account as paid in full or use a language to that effect. Please remember that it took you time to get in debt and you will not get out of debt overnight. When you graduate from our program your consumer debt will be reduced and your credit report will show a zero balance which will help offset the fact that you have made late payments in the past.

Q: Is there a guarantee?
A: ABM Debt Services agrees to refund any Client for service fee paid to us and if we are unable to obtain at least one negotiated settlement agreement from the Client's enrolled accounts within twenty four months of the effective date of the Services Contract. The Client must be enrolled with ABM Debt Services for a minimum of twenty four months and adhere to all terms outlined in the Contract.

Q: Can I pay extra to get out of debt faster?
A: It is encouraged. The more money you are able to put towards settlements, the sooner you will be debt free. Income tax returns, bonus checks, and gifts are a great way to accelerate your debt settlement program. There are no penalties for completing the program early. Our goal is for you to be debt free as soon as possible.