About Us
PFS ADVANTAGE
At PFS Advantage, we understand the burden that charged-off debt and defaulted payday loans can place on individuals and families. We offer families just like yours help with their debt. We are here to offer a solution that provides relief and a path towards financial freedom.
What does settling your debt mean?
Settling debt is a strategic negotiation process where we work with your creditors to reach a mutually agreeable resolution.
This typically involves negotiating a reduced lump-sum payment or a structured repayment plan that satisfies the debt.
Once a settlement is reached and payment is made, the debt is considered resolved, providing you with much-needed relief from financial stress.
- Debt Resolution: Settling a debt with a creditor does not absolve you of any legal obligation to repay the debt. It's important to understand that while a settlement may result in a reduced payment, you are still fulfilling your obligation to repay a portion of the debt.
- Tax Implications: In some cases, the Internal Revenue Service (IRS) may consider forgiven debt taxable income. We recommend consulting with a tax advisor to understand any potential tax implications associated with debt settlement.
- Creditor Cooperation: While we strive to negotiate settlements with your creditors in good faith, we cannot guarantee their cooperation or acceptance of proposed settlement offers. Each creditor may have its own policies and criteria for debt settlement.
No Win, No Fee: Your Peace of Mind, Our Guarantee
At PFS Advantage, we stand firmly behind our promise of no win, no fee. This means that unless we successfully negotiate a settlement through our proven debt solution strategy on your behalf, you won't owe us a penny.
We understand that facing financial difficulties can be daunting, and our goal is to provide you with peace of mind throughout the debt settlement process.
- No Upfront Fees: We will never ask you for any upfront fees to initiate the debt settlement process. Our commitment to transparency means that you only pay when you see results.
- State Regulations: Please note that debt settlement regulations vary by state.
- Legal Rights: As a consumer, you have legal rights when dealing with debt collectors and creditors. Our team is dedicated to upholding your rights throughout the debt settlement process. If you believe your rights have been violated, please inform us immediately, and we will take appropriate action on your behalf.