The goal in funding your debt settlement account is to accumulate approximately 50 cents on every dollar you owe, within 24 months or less. This can be achieved with lump-sum payments, monthly payments, or some combination of the two. If your only option is to make monthly payments, you should expect to put between 2 and 3% of your total debt into your trust account every month for about 18 to 24 months.
How do I fund my trust account? Is it a lump sum or a monthly payment?
Don’t let your debt hold you back any longer. Get back on the path to financial well-being by contacting an experienced bankruptcy attorney today to discuss debt settlement and credit card debt negotiation. We typically help our clients settle their debts for $0.50 to $0.60 on the dollar, and truly want our clients to become debt free.