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Just as no ethical and reputable debt settlement company will tell you that it can keep all your creditors from calling you it won't "guarantee" how much settlement will save you. This will depend on several different factors such as your lenders and how much you owe each. Generally speaking, a good debt settlement company should be able to get your debts cut in half but they won't guarantee this because they know every situation is different.
When can I expect my first settlement?
If you make your payments to the debt settlement company on time and follow your program correctly you should see your first settlement made within 4 to 6 months. However, this is not an exact science. If you carry big balances on, say, just a couple of credit cards it may take longer depending on the card issuers and your monthly payments.
How long does a debt settlement program typically last?
This will depend entirely on the size of your debt. If you owe $10,000 or less it's possible that you could be debt free in as few as two years. However, it's more typical for a debt settlement program to take up to four years.
How can I find a debt settlement firm I can trust?
As noted above, one good indicator that you're dealing with a debt settlement company you can trust is if it’s a member of the AFCC. It should also be certified by the Better Business Bureau with a rating of at least an A. You should be able to find many reviews of the company online, the overwhelming majority of which will be favorable. The company should also be able to show you a number of testimonials from satisfied customers.