The settlement agreement generally has a 2-3 year duration and will have a negative effect on your credit report. These agreements can either be done by persons or with the help of a professional corporation. Debt Settlement is an aggressive approach to debt decrease, which is appropriate for those with a large amount of debt or who are considering bankruptcy. After a certain period of non-payment, many creditors will believe settlement offers. The settlement is normally 40-50% of the original amount owed. Coastal can do the spadework for you and save you occasion and funds. Most of our services are FREE and you are under no obligation to accept offers that are suggested to you. Our network of Debt Settlement Agencies consist of some of the most reputable names in the industry. Fill out the short form and we will get you on the path to economic freedom.