Expert Business Debt Settlement Service

The duration of the debt settlement process can vary depending on the complexity of your situation and the responsiveness of your creditors. On average, settlements can be reached within a few weeks to several months.

PRG’s SimpleSettle stands out because of our tailored approach, which combines a deep understanding of creditor/debtor dynamics, a personalized strategy for each client, and our commitment to ethical practices and empowering you to make better financial decisions.  Additionally, our curated outside network of legal professionals coupled with our intense focus on small businesses’ financial operations make us particularly adept at handling complex business debt issues.

Using PRG eliminates the need to fund an escrow account that you may never be able to withdraw from. Our interests are aligned purely with achieving the best outcome for you, without the additional risk of funding an external account controlled by someone else. Often, debt settlement escrow accounts get eaten up by cancellation fees. At PRG, we aim to empower you to control your own money, and you certainly don’t need to pay 20 to 25% of your total debt obligation just for someone to set up a savings account for you!

Lawyers tend to focus on legal proceedings, which is very important.  Whereas, PRG focuses solely on the financial negotiation aspects, which if done timely can potentially prevent proceedings from escalating. The ultimate combination is PRG focusing on the financial debt resolution strategy and an attorney providing you with legal advice and creditor defense. When all systems are working together, you realize the best of both worlds. By leveraging PRG’s curated outside attorney network, you can achieve this under an affordable fee structure. You can also retain any counsel of your own choosing to work alongside PRG.

PRG stands out from other debt settlement companies due to our deep commitment to understanding and specifically catering to the needs of small businesses, especially in several niche industries. Unlike generalist firms, PRG offers affordable, transparent fees, ensuring you fully understand our fee structure upfront, with no hidden costs. Our fees are competitive and designed to be affordable, making professional debt settlement accessible to your business. Each client is assigned a dedicated negotiator, an expert who not only specializes in debt settlement but is also attuned to the complexities of your industry. This one-on-one attention ensures that your specific case is managed with the utmost care and expertise. Recognizing that some financial challenges require specialized legal advice, we provide access to a curated outside network of legal professionals. This outside network ensures you receive expert legal guidance at a fraction of the cost, further helping manage your debt in a compliant and strategic manner. We don’t offer one-size-fits-all solutions; instead, we tailor our strategies to fit the specific financial situations and objectives of each client. Beyond just settling debts, we focus on long-term financial health, helping businesses restructure their finances in a way that supports sustained growth and stability. Transparency and integrity are at the core of what we do, providing clear communication throughout the process, ensuring you understand and agree with our strategies. Our success is reflected in numerous client testimonials and case studies, which demonstrate our ability to negotiate outcomes that substantially alleviate financial burdens.

While specific client details remain confidential, we can share the types of outcomes we’ve achieved for businesses throughout a variety of industries.  We maintain a database of settlements achieved which can be evaluated across multiple variables illustrating that debt settlement is not a one size fits all outcome.

One of the key goals of our negotiations is to reduce the total debt burden on your business.  However, there is never a guarantee a creditor will be willing to reduce the debt but developing a ‘lump-sum’ settlement budget definitely increases the odds of negotiating a discount.

While no debt settlement firm can guarantee a settlement, we have a high success rate due to our experienced negotiators and proven strategies. If negotiations do not result in a settlement, we will reassess the strategy and can continue negotiations or explore other options.

We have extensive experience settling with nearly 1,000 different creditors, so the odds are favorable we have worked with your financial creditor.

If your receivables are being contacted directly by creditors, PRG can intervene by informing all parties involved that we are representing you in these matters, helping manage communications and ensuring that your business operations are not unduly disrupted.

Yes, part of our negotiation process can include addressing and resolving UCC liens placed on your assets as part of the settlement agreement. We work to either remove or restructure these liens to better suit your financial capabilities.

Upon reaching a settlement, the resolution of the lawsuit and the removal of any UCC liens can typically be completed within a few weeks, depending on the responsiveness of the legal parties involved.

If the financial terms of the settlement meet your criteria and you feel good about it, go for it.  You may want to ask a licensed attorney to review the settlement agreement.

We pride ourselves on transparency with our fee structure. We work on a set fee for our time and expertise. It does not matter how short or long each claim takes, we charge you the same fee for the duration of the claim.

We typically operate on a fixed fee basis, meaning our fees are set up front and it does not matter how long the claim takes, we will be with you until the end of the claim. We offer flexible payment options tailored to each client’s financial situation.

PRG can handle most aspects of the negotiation and settlement process, including basic legal support through our curated network of legal professionals. However, for specific legal proceedings or complex legal advice, hiring a specialized lawyer might still be necessary. We can assist in coordinating with appropriate legal counsel as needed.

No, we work on a fixed fee basis. We find that this is the fairest option for our clients. You pay for our expertise and our time and we agree up front on the fee allowing for predictable costs and no hidden surprises later.

We prioritize minimal disruption to your day-to-day operations. Our approach involves discreet and professional negotiations with creditors to ensure that business operations continue smoothly without undue stress or interruption.

Communication is key to our approach. You will be kept informed at every stage of the process, and we will coordinate all communications with creditors on your behalf. Regular updates and strategic discussions will ensure you are always in the loop.

Absolutely. In addition to debt settlement, we offer advisory services to help improve your financial management practices, ensuring healthier business operations and reducing the likelihood of future financial distress.

You will be assigned a dedicated negotiator who will be your main point of contact. They will provide regular updates and are always available for any queries you may have. Typically, we provide weekly updates, or more frequently as needed. However, it is important to note that sometimes debt settlement is a waiting game and requires a lot of patience.  Often times regular updates can seem a bit repetitive, but that is just part of the process.

You may be required to show various financial statements and/or bank statements to the creditor during the negotiation process. You likely provided this information when obtaining the credit or financing, so it’s reasonable to expect to show it again when seeking relief. PRG will also ask you to provide this information early in our onboarding process because it helps us generate a better narrative and hardship story using hard data and facts.Accordion Content