About Us

Tim Dermody is the President of Debt Settlement Professionals, Inc. and has over 30 years experience in the Financial Services and Banking Industry. He has an MBA in Financial Serivices, is a Licensed Variable Contracts Agent, Licensed Insurance Broker, Licensed Real Estate Broker, Notary Public and has both Series 6 and Series 63 Securities Licenses. 

Debt Settlement Professionals (DSP) is an industry leader in both debt settlement services and debt management services. We have settled millions of dollars in unsecured debt for our clients and saved thousands of dollars for each client enrolled in our debt management program by sucessfully negotiating much lower interest rates on their debt.

Debt Settlement Professionals (DSP) uses an attorney model. This means clients are represented by a legal team in each state where we are licensed to do buisiness.  DSP conducts business in 48 states. Our team of experts maintain cooperative relationships with creditors to provide the best possible results for our client's debt situation. We have expertise in the credit card industry, banking industry, legal, compliance, and risk management professions. Our professionals are highly skilled in each of their fields of expertise. Through these established relationships with creditors and financial institutions, we are able to successfully negotiate the debts of our clients at a substantial discount.

Our program is custom-built for each clients personal and financial situation and level of debt. Our counselors spend time with each individual gathering information about your particular situation to determine eligibility and how we can help you. We will establish an affordable monthly payment program. This is determined on a client-by-client basis between you and DSP. Based upon what you are able to pay each month into your settlement account, we can determine how many months you will be part of the program, and ultimately be debt free. Throughout the program, we communicate with your creditors, on your behalf. We assist you when dealing with aggressive, confrontational and abusive creditors or collectors. DSP will diligently continue to work on negotiating all of your debts, until you are finally free from the once overwhelming debt that you started our program with.

Creditors are willing to negotiate knowing each customer has been qualified and they will be paid in a timely manner. Furthermore, creditors are always looking to avoid the ineffective and costly efforts of an outside collection company. DSP continues to develop our relationships with creditors throughout the country, and we always maintain a very professional and cooperative relationship with the creditors in order to reach the most favorable settlement offer for our clients. We work directly and 100% for you, not the creditors. Debt Settlement and Debt Management is a legitimate, cost effective and time sensitive sensitive way of solving your debt problems without the need for bankruptcy.