Debt Settlement USA Review. Not Pretty.

My friend Damon Day recently did a contract review for a client of his who was tangled up with the debt settlement company, Debt Settlement USA. Damon’s review didn’t pull any punches and I thought his catch of the discrepancy in the fees charged and the time to complete the program was brilliant.

When I use a real calculator and check their fuzzy math, the only way for this client to finish up the program in the amount of time that they estimate and still cover their fees, would be if they settle all of this client’s debt for about 34 cents on the dollar. Hmm, according to the President of Debt Settlement USA in response to a complaint against them, he claimed that their settlements average about 43 cents on the dollar. That means, the program is probably going to last longer and definitely cost more than their rosy scenario that they are giving the client.

If you are considering using Debt Settlement USA for debt settlement services I would suggest you take a few minutes to read Damon’s entire review. Be sure not to miss the highlights below while you are reading it.


  1. They charge 14% of a clients total debt as a fee
  2. They charge their entire fee over the first 11 months in their program
  3. Their fee is not contingent on any sort of results
  4. If you stop making payments, they can still keep their fees, even if they haven’t settled any debt

Read the full Debt Settlement USA contract review by Damon, here.


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Damon Day - Pro Debt Coach

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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1 thought on “Debt Settlement USA Review. Not Pretty.”

  1. Hey Steve,

    I appreciate you linking to my contract review. It is really a shame what most of these programs do to consumers. One of my goals with my contract reviews is to educate consumers about exactly what the programs do. Many of these companies use smoke and mirrors when dealing with consumers. They dazzle them with all of the things that they deem wonderful and gloss over the stuff that might not be so wonderful. Things like we want you to pay us all of our money before we perform a service for you.

    It never fails that the majority of complaints against debt settlement programs is that the client didn’t fully understand the contract. This usually happens about 6 to 8 months into the program and the client starts to wonder why nothing has been settled. That is when they find out that most or all of their monthy payments have been going to fees and not much toward settling debts. That is when consumers get angry and most of these settlement companies just point to the contract and say, of course you knew that, you signed the contract.

    So by spreading awarness to consumers about what the individual contracts for specific companies actually say, we can help people make more informed decisions while seeking financial assistance.
    .-= Damon Day´s last blog ..Debt Relief USA files Bankruptcy – Clients get Burned =-.


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