SettleBankDebt.com works solely with clients who are already behind on payments enough to settle, often with accounts that are over six months past due. SettleBankDebt.com focuses on fast settlements for eligible clients and is upfront about whether or not debt settlement is right for individual consumers. The company has been in business since 2010 and has offices in Florida and New York.
Its debt settlement services operate under the name SettleBankDebt.com and used to be called DS Financial Services. The company offers a basic website with limited information on its services, pricing, and company.
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SettleBankDebt.com conducts business slightly differently than others in the debt settlement industry. This may be good or bad depending on individual circumstances. Most debt settlement companies will have clients stop making payments on debts immediately after they sign up. Representatives of SettleBankDebt.com only take on unsecured debts that are either currently in collections or have already been declared delinquent. Then, like other companies, it offers free advice and a consultation over the phone. This is good for those who have gone delinquent and have no one else to help them.
After signing up with SettleBankDebt.com, instead of having clients set money into a trust account, it has clients build funds on their own. The more debt you have, the less of a percentage you pay to the company.
SettleBankDebt.com doesn't charge any fees when you sign up.
SettleBankDebt.com has over 20 years of industry experience.
The SettleBankDebt.com's website lacks key information; for example, the company does not disclose any information about pricing or debt minimums on its corporate website. These are important things to know before signing on with a debt settlement company.
SettleBankDebt.com is not accredited with the AFCC or the IAPDA. These accreditations show that companies are using best industry practices.
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Settlebankdebt.com helped me a lot. They are the best! After the divorce I had several credit cards with total debt of $165,000. settlebankdebt.com reduced that amount down to $44,000. I paid settlebankdebt.com $12,000 for their service. I paid even more than they asked for as a bonus for their great work. Settlebankdebt.com did all the work. They called banks and spoke with different departments there. All I did was one phone call to each bank at the end to confirm the settlement and send money. I was quite skeptical regarding credit card debt before. I called banks on my own and asked for debt reduction or any other help. I called several banks and none of them even wanted to discuss any debt reduction or provide any help at all. Settlebankdebt.com knows what needs to be done and they stay on top. They kept me updated through the process, sometimes with several calls during the day (as they negotiated settlement with the banks). If you have credit card debt, settlebankdebt.com is the best for you.
This company was very helpful. They told me what to expect from each creditor based on there experience with them. They resolved all of my delinquent credit card debt within months. My credit has almost rebounded and I have zero debt except for my mortgage and car payment I owe them a great deal of gratitude and would highly recommend them based on there transparency and ability to get the job done.
Sherman was so knowledgeable and kind when helping us through a difficult situation. We were able to get our debt settled at a fraction of the cost.
Settlebankdebt.com did wonders for me. I was a nervous wreck until I spoke with them. They did actually what they said would do. I would refer them in a heart beat.
Sherman provides you with straight and accurate information. Everything he prepared me for was spot on. It gave me a sense of security knowing that I had someone really looking out for me. His fees are fair and his results are fantastic! I highly recommend his services!
Sherman did an outstanding job for me. He was with me every step of the way and even helped me restore my credit.
Sherman is wonderful! Walks you through every step of the process. He is honest and does what he says he will do.
These guys saved my neck. I had recently dissolved a Partnership and was left with a 44K CC debt. Sherman was amazingly nice and helpful and we settled for 13K in no time. He "held my hand" through the whole process. I recommend his services highly!
Very good company, i recommend them, they helped me a great deal and took care of all the credit problems for me.
Sherman is Amazing and helped not only with getting me a great settlement so I could keep my Big Blue Barbie Bus but also I felt so relieved knowing he was behind me all the way. Great Guy! Can not say enough to positive feedback about Sherman & his company.
SettleBankDebt.com really helped me through a tough time financially after my divorce. They were really understanding and great to work with to get my debts settled. They saved me thousands of dollars in the process. I will be forever grateful for their help!
Sherman at SettleBankDebt.com saved my home. I was in the middle of escrow when an old medical collections bill hit my credit and caused my score to go from 744 to 577 overnight. I was told by my lender that the only way I'd be able to get the house was to get a letter of deletion, but when I called the collections agency, they told me they didn't even DO letters of deletion. I found SettleBankDebt.com on Reddit, and calling that number changed my life (I know that's a tired cliche, but in this case it's totally true). Sherman took the case and told me I wouldn't have to pay until the letter was delivered. It took him a few days of calling, but he kept me informed every step of the day. In fact, I was a nervous wreck, but he was incredibly patient and reassuring and kept me calm throughout the whole ordeal. I received the letter of deletion, had my credit rescored, and closed escrow with a 778 credit score. The debt world is scary, and there are plenty of people who prey on the under-informed and desperate. If you trust one company, trust this one.
Peace of mind, that’s what you will get, Sherman will be your shield from predators and will reassure you so you never feel overwhelmed
This guy is the Dave Ramsey of credit I don’t know who is better thank you for helping me every step of the way....... your money goes directly to the credit..... highly recommended
Hi my name is Laurene and I am just trying to get my self together. I want to buy a house in the near future. I want to invest in a home for me and my children. Thank u very much.
Very honest. when you talk to a debt adviser you don't feel like you are talking to a sales person. They cut to the chase and tell you the pros and the cons.
A great company. DS Financial saved me just over $40K and did it with personal attention and in FAST. No big company non-sense and bad service. I even dealt directly with the owner of the company. Not bad service. Big and accredited is not always better, especially nowadays when business is purely started for profit ignoring customer service. Fully recommend DS Financial Services for any sort of consumer debt settling.