How to Break a Contract With Credit Solutions

Credit Solutions is a debt settlement company. They will contact your creditors and make settlement offers anywhere from 20 to 50 percent of your total outstanding debt. The fee charged is 15 percent of your total outstanding debt. There is no contract but there is an agreement that you sign. There is a process to complete if you want to cancel the agreement. You will not be penalized or subjected to any type of fee when you cancel. Credit Solutions does not waive fees such as late charges and they do not negotiate a lower interest rate for you.

Instructions

1

Determine how you will cancel the agreement. There are a couple of ways to cancel your agreement. You can call in and speak to a representative or you can fax some information in to the company.

2

Review the cancellation form and fax it it to Credit Solutions at (800) 768-0368. Any arrangements the company had with your creditors will be canceled. Once Credit Solution receives the form they will send you an email which confirms your cancellation.

3

Alternatively, call Credit Solutions at (888) 646-1424 and ask for client relations. The client relations representative will take the steps necessary to cancel your agreement. Once your agreement has been canceled Credit Solution will send you an email that confirms your cancellation.

4

Find out about funds paid into the program. Any money that you have paid into the program will not be refunded. Payments you have made go towards the settlement and repayment of your creditors as well as the fees charged by Credit Solution.

5

Contact your creditors and let them know you are no longer part of the Credit Solutions program. Payment arrangements will need to be made with all of your creditors.