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 > DEBT SETTLEMENT |
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What Is Debt Settlement?
Many individuals have problems paying their debts on time. Or maybe, you are
already behind on payments or cannot afford to stay current due to a
financial or medical hardship. Debt settlement is a method to reduce those
debts. Our trained debt negotiation specialists will negotiate with your
creditors on your behalf to reduce your debt balances by 40-60%. We can also
help you to avoid filing a costly bankruptcy.
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How do I qualify for your Debt Settlement Program?
After you filled out our easy online application, a Debt Counselor will
provide you with a free consultation, which includes a detailed and
customized financial analysis to determine if you would benefit from the
program. The last thing we want to do is put you in a program that will only
provide temporary relief. Our goal is to eliminate your debt as quickly and
as cheaply as possible. If you are in debt and have a legitimate hardship,
chances are we can assist you. However, we do not accept everyone into our
program.
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What is Unsecured Debt?
Unsecured Debt is not collateralized by property and commonly includes:
credit cards, medical bills, commercial debt, personal loans, and consumer
debt.
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What is Secured Debt?
A Secured Debt is a loan where the creditor retains a security interest in
an item of real or personal property such as a house. If you fall behind on
this type of debt, the lender can repossess collateral in order to collect
on their outstanding debt.
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Will all creditors settle?
We look at each situation as being unique. We have established relationships
with most creditors and know which ones are willing to settle and at what
percentage. Our Debt Consultants will review the percentages we typically
receive from your creditors and base their estimates on these. We will not
accept into our program creditors that we cannot work.
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What if I cannot afford to pay the settlement?
You are in control of what gets settled. If you do not have the funds
available for a settlement, then no settlement is made. We will keep your
creditor at bay until you have accumulated the requisite funds. Sometimes an
attractive settlement offer is reached earlier than anticipated. In these
instances, we recommend you take advantage of the offer, if possible. You
need to make an effort to eliminate your debt by following the plan we
develop. We form a partnership to help you solve your financial situation.
Without an effort on your party, you debt will not disappear and we cannot
settle. |
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