1. Some Points for Consumers
Considering a Debt Settlement
Program
By Global Client Solutions

2. Introduction
• Account management services provider Global
Client Solutions is a leading transactions processor
in the debt settlement industry. Global Client
Solutions has worked with many debt settlement
companies to provide consumer-friendly repayment
solutions.
When choosing a debt settlement program, a
consumer needs to conduct as much research as
possible. Because debt settlement programs
typically require consumers to place their money in
a dedicated bank account, consumers should gain a
full understanding of the fee structure in place.

3. Debt Settlement Program
• In the same vein, debt settlement companies must
provide full information about the time it takes to
see results, what percentage of each outstanding
debt must be saved before making an offer, and non-
payment conditions.
Debt settlement programs often have tax
consequences as well. All savings derived from the
use of debt relief services represent taxable income,
which must be addressed in full. As such, it is
important to discuss debt settlement programs with
a tax professional.