Montana is a state that relies heavily on the Fair Debt Collection Practices Act and Fair Credit Reporting Act to make sure debt collection agencies are regulated. The Montana Attorney General’s will take all complaints against debt collection agencies. Once a debt obligation has been agreed upon, the creditor/collectors can pursue the debtor by calling, faxing, emailing, etc. Montana debt settlement companies have ways to fight against this and that’s by contacting the creditors and collectors since they currently have relationships with them. Debt settlement companies are used to lower the full amount owed to the creditors by negotiating lower rates. Below is a description how debt settlement works and the history behind it.
Montana debt settlement is a legal solution for consumers who are deep in debt and who are seeking an alternative debt solution. Pay As You Settle (PAYS) fully adheres to the Federal Trade Commission’s (FTC) ruling on the debt settlement industry and their practices. Earlier this year the FTC created a law stating that debt settlement companies cannot charge fees before services are rendered. Since PAYS was created with the consumer in mind,this program began months before the law became intact. Pay As You Settle (PAYS) has become a leader in the debt settlement area. PAYS is an FTC compliant company that does not accepts fee before a debt is settled. Debt Settlement is the process of negotiating with creditors to reduce the overall debt. There are two types of debt, unsecure and secure; unsecure includes medical and credit card debt. Secure debt includes student loans, auto financing, and mortgages, these 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.
Debt Settlement in Montana is a better solution than choosing bankruptcy. The PAYS debt settlement program make take the consumer three years to pay off their debts, it does not negatively impact their credit history. Bankruptcy on the other hand takes seven years, damages credit history and the debt has to be paid back, it simply does not disappear. PAYS is different than most debt settlement companies by not accepting upfront fees and having dedicated negotiators working on your debt. Most companies from any industry shuffle people around when they call, not PAYS, everyone understands your situation. PAYS is a program that negotiates a reasonable settlement on your behalf and makes sure the customer regains a sense of financial control so they can sleep at night.
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
