FAQ

Debt settlement can be an excellent solution for individuals struggling to make minimum payments or facing overwhelming debt. If you’re looking for a way to pay off your debts for less than what you owe, and other options like debt consolidation or bankruptcy aren’t ideal, debt settlement may be the right choice for you.
To determine if it’s the best fit for your situation, we encourage you to schedule a consultation with us. We’ll assess your financial circumstances and help you explore all available options.

Debt settlement involves negotiating with creditors to reduce the total amount you owe, allowing you to pay less overall. In contrast, debt consolidation combines multiple debts into a single loan, often with a lower interest rate, but still requires full repayment of the total amount.
In summary, debt settlement helps you reduce your overall debt, while debt consolidation simplifies your payments without reducing the total debt owed.

At Blackrock Debt Relief, we view our clients as individuals, not just another number. Our core values of integrity, transparency, personalized service, and open communication truly set us apart from other debt relief companies.
We are dedicated to delivering real results while keeping your best interests at the heart of everything we do. With our compassionate approach and commitment to your financial well-being, you can trust that we’re here to support you every step of the way.

On average, clients may save between 40% and 60% of their original debt through debt settlement. However, the exact savings will depend on factors such as your creditors, the total amount of debt, and the terms we negotiate on your behalf. During your consultation, we can provide a more tailored estimate based on your specific situation.

Debt settlement can often be a more favorable option than bankruptcy if you want to minimize the long-term impact on your credit and financial record. While bankruptcy can eliminate debts, it remains on your credit report for up to 10 years, making it challenging to secure future credit or loans.
In contrast, debt settlement allows you to pay off your debts for less than what you owe, helping you regain financial stability without the prolonged consequences of bankruptcy. It’s essential to consider your specific situation and goals, and we’re here to help you explore your options during a consultation.

You will be notified directly as soon as a creditor agrees to the settlement terms. We’ll provide you with clear documentation that outlines the agreed-upon reduced amount, payment plan, and any other relevant details. This ensures you have a complete understanding of the settlement agreement.

Yes, it’s possible to negotiate with creditors independently. However, using a professional debt settlement company like Blackrock Debt Relief provides you access to experienced negotiators who understand effective strategies for reducing debt. Our expertise often leads to better results than negotiating on your own, saving you time and potentially leading to greater savings.

No, once you enter the debt settlement program, it’s important to stop using your credit cards. Continuing to accrue debt can undermine the settlement process and complicate negotiations with your creditors. Focusing on managing your current debts will help ensure a smoother and more effective settlement experience.