Capital Debt Settlement makes the effort to tell visitors to their website why they are the right choice for debt settlement.  But the striking thing about their home page is that right beneath the box where you input your information for a call back, you will find an icon for a FREE Credit Report and a FREE SMB Mastercard.  It is difficult to take a debt settlement company serious when they are offering you a way to get back into unsecured debt while helping you get out.

Quick facts about Capital Debt Settlement:

Founded in: Started in April 2003, incorporated in June 2006

Years in Business: 6

Number of employees:  Unknown

BBB Rating: D

BBB complaints: One in the last 36 months in the Sales Practice Issues

Free Information:  You can call their toll-free number or log on to their website and fill out a form to get a free “zero obligation debt consultation.”

Escrow or Payment Plan Available:  Not disclosed.

Source of Funds:  Not disclosed.

Fee Structure:  15% of your debt and $30.00 per month service fee.

Avg Settlement:  Unknown

Refund Policy:  Not disclosed.

About the Company

Capital Debt Settlement is based in Fresno, California.

Beginning the Process

They encourage either a phone call to their toll-free number or a request for contact from their website based entry form.

Types of Debt Serviced

Unsecured

Term Guarantee

Not disclosed

Worth Noting

They will send you a packet of information about their services which includes settlement letters from previous customers.  While it is easy to make up words that go into these brochures, it is nonetheless significant that they would go to that extreme in order to make you feel comfortable in doing business with them.

Program Caution and Your Responsibilities

Since there are scant details on what they will do for you, the standard cautionary statements apply in that you should tread carefully and slowly should you decide to use their services.

Will Debt Collectors Still Call? 

Not disclosed

Other Information

The whole idea behind debt settlement is not just to get out of debt with a list of your creditors, but learn how to remain debt-free once you have completed a program.

Other debt settlement companies openly discuss the requirement to close down all credit card accounts while the program is in operation.  But it appears that Capital Debt Settlement is not one of these companies.

They talk about knowing the debt settlement industry very well, but offer little details to back up that claim.