When we contacted Donaldson Williams about debt settlement we were very nervous and apprehensive. We had heard stories of people being taken advantage of and losing money while not getting their debts settled. We weren’t sure who to trust. Marie and her team took all the stress out of the process for us. Marie is very knowledgeable in getting the best possible settlement and she took the time to explain each step of the process. We received regular emails letting us know what was happening and they were always available for phone consultations. We are now totally debt-free and would highly recommend Donaldson Williams to anyone who is considering debt settlement. – Fred and Lori

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Carolyn, who is a 43-year old attorney, was struggling to pay her bills after a very messy divorce and a subsequent move across the country. She finally gave up and discontinued paying her credit card bills for nearly two years before finally calling my office. When she placed the phone call to me she indicated that she would be able to set aside approximately $2,500 per month to go toward her total outstanding balances of just over $52,000. After being in our program for nearly 12 months, Carolyn is now completely free from her debt, having paid a total of just $17,148.95 to all of her creditors to settle her account balances in full.

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Alexis and Charles, a married couple residing in California, contacted my office with total debt owing their various creditors, in the amount of $191.006. Unfortunately, my clients did not foresee what the future was to hold for them; job layoffs and a tremendous amount of money lost in the stock market. Fortunately, Alexis and Charles had family members who agreed to assist them, allowing my clients to settle their credit card debt for a total of just $85,930.79, resulting in a savings of over $100,000.

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While this may sound like a “plant” review, I like many others found Donaldson Williams to be a great solution to the very serious problem of high debt & the inability to pay. Unlike other companies, DW took their fee based on the amount of monies saved, not owed and was willing to work with me in paying their fees. I was a bit reluctant to sign up with a “non-advertising” type company, but found their Team to be very professional with me and their results were very satisfactory. For anyone in a similar situation, I could not recommend Donaldson Williams more highly. – Norm

These are a few examples of very different situations. You may be asking if there are certain individuals who do not successfully complete a debt settlement program. The answer is yes of course. In order to eliminate your debt through debt settlement you will need to have access to a portion of the money owed to your creditors; this may come through loans from family members or friends, a home equity line of credit, a 401K or simply setting aside a certain amount of money each month, as our client, Carolyn did. If you’re unable to do this you may end up like the following former client:

A married couple, Susan and Mike, contacted me when their accounts were approximately 90 days delinquent, owing a total of $165,465. Despite their delinquency, Susan and Mike were optimistic that they would be able to grow their photography business, and set aside $1,500 – $2,000 per month to go toward their credit card accounts, ultimately settling the accounts for approximately $0.40 on the dollar within approximately 18-24 months. Well, this simply did not work out; you see, as months passed Susan and Mike realized that their goals were not being reached, thus resulting in their decision to file for bankruptcy

Does this mean we failed as a company? No it certainly doesn’t. What we provided Susan and Mike was the best opportunity to potentially avoid a bankruptcy. Nobody knows the future and ultimately they were unable to save the required funds for a successful outcome and came to the realization that even though they hoped to avoid it, filing for bankruptcy was their only choice.

Fortunately, the majority of our clients are successful because we only select clients that are in situations likely to succeed with the settlement process. As with all things, there are no guarantees and debt settlement isn’t necessarily the right option for everyone.

Follow this link to read actual debt settlement letters we have received from creditors on behalf of our clients.

Actual Client Settlement Letters