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How long will it take me to get rid
of my debt?
The amount of time it takes to settle
all of your debts depends on the amount you owe, your
income, and your living expenses. Usually, with our
program, our clients can become debt-free in three
years.
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money this service can save you.
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Can debt settlement
be used for any kind of debt?
Debt settlement can only be used
to settle unsecured debt. Unsecured debt generally
consists of credit cards, unsecured personal loans,
student loans, IRS, and medical bills. You cannot
use debt settlement with secured loans such as home
and auto loans.
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money this service can save you.
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Why should I choose
debt settlement over bankruptcy?
Filing for bankruptcy should be
a last resort to solve your financial problems. Many
think that bankruptcy is their only way out when,
in fact, there are other alternatives. Filing for
bankruptcy severely damages your credit and should
only be used after all other debt relief remedies
have been explored.
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money this service can save you.
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Would my credit
be affected by a debt settlement program?
A couple of factors come into play
here. First, when you make payments on your debt,
your creditors can report the debt simply as “paid”
or “paid – negotiated.” In this
case, your credit is not affected.
On the other hand, if you have been
behind on your bills because you can’t afford
to make your monthly payments, this will appear on
your credit report. The key to having good credit
is to make your monthly payments and get out of debt.
Once you are debt-free you can restore your credit
to good standing.
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money this service can save you.
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Will my creditors
still contact me if I’m involved in a debt settlement
program?
Once you join our debt settlement
program your creditors will no longer bother you.
We will handle all collection efforts and concerns
so you can stop worrying about them.
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Here for a FREE consultation and learn how much
money this service can save you.
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How is debt settlement
different from Debt Consolidation and Consumer
Credit Counseling?
Under our debt settlement program,
we will negotiate with your creditors to significantly
lower your total debt which is usually up to 50% of
your outstanding balances. This will save you money
on your debt principal and interest which will allow
you to pay off your debt faster.
Debt Consolidation involves pursuing
a new loan to pay off all your existing debts. With
debt consolidation, although you may have low monthly
payments, you are still responsible for paying all
your existing debts. With debt settlement you typically
pay only 50% of your outstanding debt balances.
A Consumer Credit Counseling Service
will lower your monthly payments but they will also
extend your term. You end up paying the same or more
than the original debt. Typically with a Consumer
Credit Counseling Service the program lasts about
eight years as opposed to debt settlement which only
lasts about three years.
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Here for a FREE consultation and learn how much
money this service can save you.
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