South Dakota Debt settlement is a perfectly legal solution for consumers who are in deep and seeking an alternative to bankruptcy. Pay As You Settle (PAYS) adheres to the Federal Trade Commission (FTC) ruling for the debt settlement industry. Earlier this year the FTC ruling stated that debt settlement companies cannot charge for fees before services are rendered. Since PAYS was created with the consumer in mind,this program began months before the law became intact. The Pay As You Settle debt settlement program for South Dakota is the process of negotiating with creditors to reduce an overall debt into a reasonable lump sum payment. Most debt settlement cases involve unsecured debt; these include medical and credit card debts. Student loads, auto financing and mortgages are secured debt, 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.
The Pay As You Settle (PAYS) program was developed by Prestige Financial Solutions to provide debt relief to families that have significant debt. PAYS was fighting for consumer’s rights by advocating that no debt settlement company should charge upfront fees. Traditional debt settlement companies charged fees before looking working on any settlement. Since we know everyone has a unique circumstance we work with the customers and their creditors to reach a reasonable settlement. Our goal at PAYS to relieve a consumer from debt and regain a sense of financial well-being 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
