What Percentage of Debt is Typically Accepted in a Debt Settlement

In this article post by Pacific Debt, we'll look at What Percentage of Debt is Typically Accepted in a Credit Card Settlement.


It's one of the most common questions we get regarding debt relief or debt settlement. Pacific Debt has been settling debt for its customers since 2002. We have settled over $250 million in debt for our customers.

Several factors play into typical debt settlement percentages.

1) How Much debt you owe
2) Who the creditor is
3) What your payment history is
4) How old the debt is

The following percentages reflect our settlement successes from our Debt Relief Program. Remember that each situation is unique and percentages vary. We have long-term working relationships with all of the creditors listed below. As a result, you’ll most likely get a better settlement when using Pacific Debt. These 2018 YTD percentages are based on the current balance at the time of settlement.

Bank of America 47%
Capital One 51%
Chase 33%
Citibank 46%
Discover 59%
Kohl’s 47%
Lending Club 46%
Nordstroms 45%
Paypal 46%
PNC Bank 31%
Synchrony Bank 51%
USAA $45%
Wells Fargo 45%

Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds.

Our estimates are based on prior results, which will vary depending on your specific circumstances.

We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time.

We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services.

Our service is not available in all states and our fees may vary from state to state.


Disclaimers

Clients who make all their monthly program deposits pay approximately 50% of their enrolled balance before fees, or 65% to 85% including fees, over 24 to 48 months (some programs lengths can go higher).

Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds.

Our estimates are based on prior results, which will vary depending on your specific circumstances.

We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time.

We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services.

Our service is not available in all states and our fees may vary from state to state.

Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution.

Read and understand all program materials prior to enrollment.

The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest.

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