Debt Settlement
A Smarter Way to Manage What You Owe
Debt settlement helps make your existing debts more manageable by adjusting their terms—such as lowering interest rates, reducing monthly payments, or extending repayment periods. At ClearPath Financial Network, we advocate on your behalf to negotiate better terms with your creditors, so you can regain control without taking on new debt.
How Debt Settlement Works
Instead of replacing your debt with a new loan, debt settlement adjusts your current agreements. Our specialists work directly with creditors to:
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Lower your interest rates
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Reduce your monthly payments
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Extend your repayment timeline
This creates breathing room in your budget while keeping your accounts active with your current lenders.
Why Consider Debt Settlement?
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Lower Monthly Payments – Free up cash flow.
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Reduced Interest Rates – Save more over time.
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Avoid Default or Bankruptcy – Protect your financial future.
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Stay with Current Lenders – No need for new loans.
Is Debt Settlement Right for You?
This option may be a good fit if you are:
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Facing financial hardship (job loss, medical bills, or unexpected expenses)
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Struggling to make minimum monthly payments
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Looking to avoid foreclosure, default, or bankruptcy
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Seeking long-term relief without taking on new debt
Our Debt Settlement Process
Step 1
Free Consultation
Review your finances and goals with a specialist.
Step 2
Custom Plan
We design a tailored strategy to ease your financial strain.
Step 3
Negotiation
Our team works with creditors to improve your terms.
Step 4
Ongoing Support
We stay by your side to help you stay on track.
Debt Settlement FAQs
Debt consolidation combines multiple debts into one new loan. Debt settlement, on the other hand, adjusts the terms of your existing debts without a new loan.
It may have a temporary impact, but it’s often a better option than missing payments or filing for bankruptcy. Long-term, successful modification can help rebuild your credit.
No, debt settlement typically doesn’t require any collateral. It’s based on renegotiating current terms with your creditors.
It depends on the complexity of your debts, but many clients begin seeing results within a few weeks of starting the process.
