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Delancey Street Helps Business Owners Regain Control

Each year 10's of thousands of business owners struggle.

Join The Program

Fill out our contact form. We'll reach out and conduct a thorough assessment of your situation, and how we can help you. Our goal is to understand your situation, and determine if our program is the right for you, and the type of debt you have.

We Work With You

Once we determine our program is right for you, we start working on your behalf. We conduct a thorough evaluation of the type of debts you have, and put together an action plan on what a realistic, and beneficial outcome would look like for each debt.

We Get Results

The final step is the most important, we restructure your debt and put you in a better position than we found you. We work with you to adhere to the new debt restructuring program, and are with you every step of the way to make sure your business is thriving.

Program Results

$450K Merchant Cash Advance

Extra 24 Months

Transformed into a monthly payment, and extended by 2 years, with a 15% reduction in balance.
$110K Merchant Cash Advance

55% Reduction

Transformed into a monthly payment, and extended by 2 years, with a 55% reduction in balance.
$100k Business LOC

50% Redution

Our client had an LOC with a MCA hybrid lender, and saw a drastic reduction in balance.

How We Help

Business debt settlement through Delancey Street involves restructuring your corporate debt, in a manner that allows you to keep your doors open, and results in an increase in cashflow.

Get a affordable plan that works for your business cash flow as a part of the debt settlement process.

Get potential resolutions with Delancey Street in a timely and effective time frame once you enter our debt relief program.

You Have a Powerhouse team of financial and legal experts on your side, advising you on how to interact with predatory creditors.

5 Star Google Rating trusted by 100's of people who are struggling with business debt.

Idaho Debt Settlement

Idaho residents struggling with debt have options. While bankruptcy or debt consolidation loans may help in some cases, debt settlement is an alternative to consider.

What is Debt Settlement?

Debt settlement involves working with creditors to reduce the amount owed. A debt settlement company negotiates with creditors on the consumer’s behalf to settle accounts for less than the full balance. In exchange, the consumer makes monthly payments into an account used to offer lump-sum settlements.This approach can make debt more affordable by lowering principal balances. However, it also comes with risks like potential damage to credit scores and tax implications for settled debt. So is it right for Idaho families? Let’s explore the key things to know.

Debt Settlement Pros and Cons in Idaho

While debt settlement appeals to Idahoans in financial distress, it has advantages and disadvantages to weigh:

Potential Advantages

  • Settles debt for less than owed
  • Affordable monthly payments
  • Avoid bankruptcy

Potential Disadvantages

  • Fees involved
  • Credit score damage
  • Settled debt taxable
  • Lawsuits possible from creditors

Debt settlement works better for some situations than others. It tends to help consumers with:

  • Unsecured debt like credit cards
  • Difficulty paying minimums
  • Past due accounts
  • Low assets to protect

On the other hand, it may not suit those with:

  • Secured debt like auto loans
  • Good credit
  • Few late payments
  • Assets at risk

Understanding one’s unique circumstances helps determine if settlement makes sense.

Idaho Debt Settlement Laws and Licensing

Idaho regulates companies selling debt settlement services to protect residents. Key regulations include:Debt Settlement Company LicensingCompanies must hold an Idaho Collection Agency License to provide debt settlement services legally per Idaho Statute 26-2222. This involves submitting an application and meeting standards around:

  • Business practices
  • Staff qualifications
  • Bonding requirements

Fee Restrictions

Idaho law also caps fees charged by debt settlement companies. Total fees cannot exceed 15% of enrolled debt. At least 50% must go toward settlements.These rules aim to limit excessive fees and ensure companies work in consumers’ best interests. Yet not all follow the law.

Warning Signs of Idaho Debt Settlement Scams

While many legitimate companies operate in Idaho, scams exist too. Be wary of settlement providers that:

  • Charge excessive upfront fees
  • Promise debt elimination vs. reduction
  • Push a “one size fits all” approach
  • Won’t provide contract details upfront

Reputable companies comply with Idaho laws, customize plans, set realistic expectations for settlement amounts, and offer fee transparency.

Partnering With the Right Idaho Debt Settlement Company

Choosing an ethical, experienced settlement provider is critical when seeking debt relief. Consider asking potential companies:

  • Are you licensed in Idaho?
  • What are your fees and when are they collected?
  • What debts do you specialize in settling?
  • What results have past clients seen?
  • Can I speak with references?

Also look for customer reviews and complaints with agencies like the Better Business Bureau.For Idaho families struggling with high interest credit card bills or other unsecured debt, debt settlement can provide financial breathing room. But success requires working with a trustworthy company that follows state regulations. By understanding the pros, cons and warning signs to watch for, consumers can make an informed choice.I hope this overview helps Idaho residents weigh the option of debt settlement. Please contact us with any other questions. Our team stands ready to explain the process and potential results in more detail.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
Leo
$500,000 MCA Restructured Over 3 Years
"Thanks for helping me in literally 24 hours"
Jason
$250,000 SBA Loan Offer in Compromise
"Great choice for business owners who need a trustworthy partner"
Mary
$350,000 MCA Restructured Over 2 Years

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
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Delancey Street simply gets it. You're talking to experts.
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