About The DNS Way
After nearly two decades focused on debt settlement, we have one simple goal – To help people like you with financial struggles create a plan for the future. The main focus at DNS is to get you to do something. Doing nothing about your struggles only leads to regret. Make today a day for change.
You get out of it what you put into it.
At DNS we are committed to results, but true success can only come when our clients become our partners in their success story.
It’s a Journey and we are with you every step of the way.
Information is everywhere these days. Some good, some bad. Let DNS be your guide through this process and we will help you sort it all out.
When it comes to debt settlement, Your Patience + Our Expertise = Great Results
DNS Debt Settlement
Ignoring it seems to be working, but how long can that really last? Hiding from your problems is the worst mistake you can make. Every day that passes makes your financial problems harder to fix and puts you deeper in debt. You want to do the right thing, but just don’t know where to begin.
The DNS Debt Settlement Formula is Simple
Develop a budget you can live with
We will work with you one-on-one to get your finances in order.
Put together a timeline to be debt-free
Based on your budget, we can tell you approximately how much you can save and how long it will take you to pay off your debts. Help protect you from harassment We notify your creditors that you have enrolled with us and to direct all collection calls to us.
Start saving money right away to be used for settling your debts. There is no risk, you can cancel your account at any time with no penalty fees.
Settle your debts
Our Settlement Department will negotiate a deal to pay off your debt for less than you owe.
We do not charge a penny until a debt is settled.
We do not charge you any service fees. Not a penny. We earn our fees based entirely on how much money we save you.
Beware of companies that charge up-front fees.
They may be breaking the law and you could lose thousands of dollars.
There is no reason to wait – Your family’s financial future is at risk. Contact us for a consultation and get started now.
Debt Settlement FAQs
What can the Program do for me?
The program will get you out of debt for less than you owe and help to keep debt collectors and creditors from harassing you during the settlement process.
Who can enroll in the Program?
This program is designed for individuals and families of all age ranges who are struggling or unable to make minimum payments to Creditors due to financial hardship, family emergencies, divorce, unexpected medical emergencies, and others who are seeking options other than bankruptcy or credit counseling.
What does the Debt Settlement program cost?
Our fee is never higher than the amount you are quoted when you enroll into the program and is based on how much we save you on each of your settlements. There are no other charges or fees or other recurring costs as part of our basic program, except for modest fees charged by the bank for maintaining your account.
What happens after I sign up?
After enrolling, your creditors are sent a notification letter that you are enrolled in the DNS Debt Settlement Program and how the settlement process will work. They are also informed to direct all communications directly to DNS.
You begin to place money into your savings account immediately. Once sufficient funds have accumulated, our Settlement Department will begin the process of negotiating settlements with creditors with the focus on saving you as much money as possible. This process continues until all of your debts have been paid.
Should I continue speaking with my Creditors / Collectors?
In a word, NO. Many Creditors and Collectors use aggressive tactics in an effort to frighten you into dealing with them directly. Some will claim that they will not work with a settlement company, others will try to frighten you into not working with settlement companies because they “will rob you of your money” or “they are not reliable.” These are nothing more than scare-tactics because they know they will get more money out of you if you are convinced to deal with them directly.
If you are contacted, simply tell them that you are enrolled in the DNS Debt Settlement Program, give them the telephone number of our Creditor Fax Line (which you will receive after enrolling), and then simply hang up. Let us handle your account in a professional manner, it’s our business!
We also offer a device for answering creditor calls, at no cost to you, upon request.
Will the Program prevent collectors from contacting me?
Although Creditors and Collectors are notified that you are enrolled in our Program, they may continue to call you. They often claim that they have never worked with us or heard of us but this is nothing more than another tactic to get you to deal directly with them. Provide them with our contact information and hang up the phone.
Will Collectors call me at home?
Sometimes. However, both State and Federal laws regulate how much they can contact you. An explanation of these regulations is included in the documents you will receive after enrolling in the Program.
Will Collectors call me at work?
Some do, but you can put a stop to this immediately. State and Federal laws prohibit Collectors (and in some cases the original Creditor who issued your card) from contacting you in your place of employment. Simply inform them that you are not allowed to receive personal calls at your office and that any future calls from them will be breaking the law. This should eliminate future calls to your office.
What communications should I expect from Collectors / Creditors?
You will probably continue to receive billing statements and demand letters from some Collectors and Creditors. You should immediately mail or fax these to our office in order to maintain your records.
Will the Program stop interest and late fees?
In most cases, you will continue to receive interest charges and late fees until a debt is settled.
Will the Program stop legal action against me?
We are not attorneys and cannot provide legal advice or prevent you from being sued. However, we are able to work with you in making an informed decision as to what response (if any) is appropriate to a legal challenge from one of your Creditors or Collectors. If you are sued, our goal remains the same, namely to settle with that Creditor or Collector in a timely fashion.
Where is my settlement money being held?
Your funds are held in an FDIC insured bank account. All payments are deposited into your individual account until enough funds have been reached for us to make a settlement offer. We recommend Valley National Bank which charges a monthly maintenance fee of only $10.00. No money is deducted from this account without your authorization.
Can I increase or decrease my contribution amounts?
Yes. You are encouraged to put any additional money you can into this account It will speed-up the settlement process. You are allowed to decrease your contribution at any time, but keep in mind that this will increase the time it takes to get your accounts settled and can add months or even years to the process. It is always a good idea to speak with us before decreasing any payments.
What type of debts can be included in the program?
This program handles unsecured debt, meaning the debt is not secured with collateral. Acceptable debts are credit cards, medical bills, legal bills, judgments, unsecured personal loans of any type, retail debt and collections. Examples of unacceptable debt are home mortgages, automobile loans, motorcycle loans, boat loans, IRS tax liens, government-backed student loans, child support and alimony.
What happens to my credit rating?
Your credit rating is determined primarily by two factors, the amount of credit you have and your payment history. The very fact that you are looking at The DNS Debt Settlement Program indicates that you have more consumer debt than you can currently pay and are starting (or will shortly begin) to show late payments on your credit report. If your credit has not already started a downhill slide it surely will do so soon. Joining The DNS Debt Settlement Program will not immediately help to restore your credit, in fact, your credit score will go down while you are in the early stages of the Program. However, as you progress through the Program your consumer debt will decrease and, as your debts are settled, the Creditors will report your debt as paid in full, paid as agreed or language to that effect. The Program will accomplish two very important goals towards restoring your credit rating: (1) When you finish the Program your consumer debt will be less than when you began the Program which is positive factor in calculating your credit score and (2) The present consumer debt on your credit report that is included in the Program will show a zero balance which will help to offset the fact that you have had late payments in the past.
Is there a cancellation policy?
You may terminate your Debt Settlement Program at any time before a settlement is negotiated and you can withdraw any or all of the funds from your settlement account without penalty.