American Debt Relief uses a process known as debt settlement to help consumers erase debt after paying a fraction of what they owe. After talking with a debt consultant during a free debt assessment, customers are asked to begin saving a set amount of money in a dedicated savings account each month. Once the required savings threshold is reached, American Debt Relief will use the funds to help settle debts for less than the amount currently owed.
Interestingly, this company also claims to help settle debts through what they call a “bulk negotiation program.” This program is based on their relationships with major creditor networks, and it allows them to submit your accounts for settlement through various partnerships.
Either way, Americ…
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