Sure, like many things we can do on our own like changing you own oil, but most of us choose to hire experienced people who specialize and often achieve quicker and better results than we may on our own. How much debt did you settle last month? Our settlement professionals help consumers pay millions back to their creditors every month, would you be happy if they could help you settle your accounts?

Should I put all of my credit cards in the program?   

NO. It is not in your best interest to place any accounts below $750 into our program. You can quickly pay down to zero, and you might hold them open for emergencies. Keep in mind Creditors will not negotiate favorably with people they find picking and choosing the obligations they are going to pay and not pay. So you only want one emergency card, pay off any other low balance cards and bring in all unsecured accounts over $750

Why shouldn’t I just file bankruptcy?  

If you qualify for a Chapter 7 this may be an option for you. Many of our customers although qualifying for bankruptcy choose settlement simply because a bankruptcy filing is more detrimental in your credit history and can remain on your credit reports from 7 to 10 years after the bankruptcy filling has been discharged and many credit and job applications today ask, "Have you ever filed bankruptcy?" What we are doing is sharing all of the information you need to make an informed decision.

Will I have to take out another loan to cover my current debts?  

No, actually settlement is a plan for changing when and how much you pay your creditors to achieve settlements. Loans are a method of obtaining funds. A few customers use a “consolidation” or equity loan in conjunction with their debt negotiation program, but the majority fund their settlements by following the savings plan we agree to based on their income and expenses – much like you and I will personalize a budget for you…with that in mind.

Creditor Questions:

I want to pay my creditors.  

You are going to pay your creditors an agreed settlement amount that you can afford.  Just to be sure I understand your situation, based on our conversation I thought you were not able to remain current and timely at this time, right?

 Will creditors call me?  

Yes, creditors will attempt to collect the debt that you owe them.   We suggest you do not avoid your creditors, but rather communicate to them that you are unable to pay them at this time and that you will contact them when you are able.  In many cases it is not beneficial to communicate to the creditor that you are in a debt settlement program, as this might cause the collector to status your account in a way that could cause legal action.   Avoiding creditor calls will only increase the volume of calls that you receive.

 What should I do if a creditor calls?  

We suggest you do not avoid your creditors, but rather communicate to them that you are unable to pay them at this time and that you will contact them when you are able.  In many cases it is not beneficial to communicate to the creditor that you are in a debt settlement program, as this might cause the collector to status your account in a way that could cause legal action.   Avoiding creditor calls will only increase the volume of calls that you receive.

 Can a creditor sue me?  

Unfortunately, a creditor may be aggressive and sue.  We will review this in more detail when I share the Standard Disclosures, but typically if this happens we will still save you money, or remove that particular account from the program would that be okay with you ?

Credit Questions: 

 How will this affect my credit?  

Anything other than paying your debt timely and in full will have a negative impact on credit. Each case is different, depending on lenders, auto and house payment history, debt-to-income ratio, and countless other factors. Typically, your report will have paid/settled upon completion of your program. Until then, it will show payment late or delinquent. Is credit history more important to you than affording your living expenses? If you have the money pay off your creditors, if you do not have the money I can tailor a program to meet your budget and help you avoid bankruptcy. Do you want to learn more?

Depends on how long you have been delinquent or if you have never been late. Creditors begin reporting your accounts as a late, delinquent, charged-off or past due balance whether or not you have enrolled in a Debt Reduction Plan. In short, anything other than paying all of your bills ON time and IN FULL will adverse effect on your credit reports and credit score. Great news, is after successfully completing your settlements, your Debt to Income Ratio will be improved AND the creditor may report that the account was settled, settled in full, paid as agreed or something similar and there will not show any 3rd party intervention on your credit report.

 I just want to consolidate my debt.  

Although consolidation may be a valid option, our program will normally resolve your debt in a shorter period for less money. If you could save 40 to 60 percent and be debt free in less than 36 months would that interest you?

Will I have to take out another loan to cover my current debts?  

No, actually settlement is a plan for changing when and how much you pay your creditors to achieve settlements. Loans are a method of obtaining funds. A few customers use a “consolidation” or equity loan in conjunction with their debt negotiation program, but the majority fund their settlements by following the savings plan we agree to based on their income and expenses – much like you and I will personalize a budget for you…with that in mind.

Will I be totally debt free when I’m done?   

Our program will handle your unsecured debt, not debt that is secured by collateral. For example: home loans, car loans and boat loans. However, after completing the program, if you continue to use the savings plan that is part of your debt settlement program, and you apply the savings to your secured obligations, then you should be able to pay off your secured debt ahead of schedule.

Can I shorten the scheduled timeframe for the settlement of my accounts?   

Absolutely! I like the way you think. Simply speed up the process by increasing your savings with any tax refunds or other unexpected cash flow.

Will I be responsible for late fees and interest charges?  

Yes, certainly 100% if you do not enroll with us or if you enroll with us and do not complete your program. The great news is if you remain in the program and build your funds so we may achieve settlement we will typically settle for about ½ of what you owe, make sense? Great… All settlement percentages we quote you are based on our proven track record over years of negotiating with creditors. We anticipate your balances to be higher at “settlement time” than they are today and have adjusted accordingly already.

Can I still use the credit cards that I have put into your program?   

No, while you are on the program these accounts will eventually be closed. Your creditors will be very unlikely to negotiate with us if you continue to use your cards.

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