General Information

Debt Shield is a debt settlement company that specifically deals with unsecured debt, which includes credit card debt balances.

They have a very clean and informative website which features, among other tools and resources, a "Slide to Financial Ruin" indicator, which shows the different stages of debt and debt relief options based on various financial situations.

Their program is specifically designed for people who:

• Have at least $10,000 in unsecured debt such as credit card and medical debt
• Cannot afford their minimum credit card payments
• Are experiencing financial hardship, such as divorce, unemployment, medical expenses and death in the family.
• Are not residents of states that restrict the operation of debt settlement companies. (See the list at the bottom of this page)

Product Details

         Company:  Debt Shield, Inc. 

 How it Works:  Once you sign up and qualify, they will
                            send you a DVD which explains the 
                            program and instructs you as to the
                            steps you need to follow.

                            Basically, your debt consultant will help 
                            you set up a separate third party savings
                            account.  You then make one monthly
                            payment to that account instead of 
                            making several payments to your
                            creditors.  When sufficient funds have
                            accrued in that account, Debt Shield
                            experts negotiate settlements with 
                            your creditors.  They claim they are 
                            able to negotiate 30-50% of your
                            total debt.
                               

                 Fees:  Fees come out of your monthly 
                             payments and are billed over the
                             duration of the program. 

Refund Policy:  If during the first 180 days of your 
                            enrollment you experience a
                            legitimate customer service issue
                            that cannot be resolved, you may
                            request and receive a prorated
                            refund of your monthly maintenance
                            fee.

                            They will also cut in half your 
                             remaining maintenance fee if you
                             are not debt free by the time they
                             project. 

                             You are free to stop the program
                             at any time and keep the funds
                             in your special savings 
                             account.                                    

    Conclusion:  Based on our research, this company 
                            seems to have a good track record 
                            and no unresolved complaints are
                            known to exist according to the
                            Greater Maryland BBB . (Debt Shield 
                            is based in Maryland)
                   

                            Nevertheless, their fees are not 
                            posted on their website, thus you will
                            have to complete the form on their
                            website if you are interested in using
                            Debt Shield to settle your debts  

Delaware, Georgia, Hawaii, Idaho, Kansas, Maine, Minnesota, Mississippi, Nevada, New Hampshire, North Carolina, Rhode Island, South Carolina, Utah, Virginia, District of Columbia, West Virginia, Wisconsin, and Wyoming.

Learn More About This Debt Settlement Program

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