Credit Card Debt Relief, Debt
Settlement, Credit Card Debt Negotiation Service
Discover
A Honest And Ethical
Company
That Will Help You Through Your Financial
Difficulty
Dear Friend,
Thank you for
taking the time to visit this website.
Credit card debt
negotiations has become a solution for thousands of
people across the country and managed properly can result
in significant savings. We has been helping thousands of
Americans solve their financial
problems.
Therefore we have a pretty good idea of
what can and can't be accomplished when it comes down to
dealing with your outstanding debts. Let our highly trained nationwide network of
associates help you through these uncertain times and stop
creditor harassment. We are dedicated to helping you through
these rough times.
First we want to offer you
some information about the Debt Settlement
Process such as the pros' and the cons'.
Some of this information may be brand new, while some
information may confirm what you already know. Our goal
on this site is to give you the basic facts that can help
you make a decision ASAP. You will need to fill out a
request for an appointment to speak with one of our Debt
Analysts to enroll or if you have further questions
concerning debt settlement, and our service.
So, let's get started.
Here's the first question you'll want the answer too.
What Are My Options?
1. Do
Nothing
For the vast majority of people
this is not a very practical solution, but technically
speaking it is an option. However choosing this means you
except the fact that you are losing thousands of dollars
in interest to the banks with no end in sight. This cycle
we refer to as the “credit treadmill” by only paying
minimum payments this will take an average of 38 years to
pay off. Paying out hundreds to thousands a month only to
have the majority of it go to interest, and see your
balances go nowhere for decades. We have found that
thousands of Americans will rob Peter to pay Paul, which
means to borrow from one credit card to pay another in
hopes that somehow in the near future they can get back
on track. The results are they just end up deeper in the
hole with no end in sight.
2. Obtain
a Debt Consolidation Loan.
First off you must have something
of collateral for this to be an option at all; most
people use the equity of their home. This can be referred
to as “debt transformation” you are not at all reducing
your debt, but merely transforming it from a low-risk
unsecured debt into a high-risk secured debt. Statistics
have shown that a high percentage of people who obtain
debt consolidation loans end up right back where they
were in credit card debt within 5 years, but this time
around there is an extra secured payment that must be
made first, this situation can force many into
bankruptcy.
There are also unsecured debt
consolidation loans which require no collateral but most
Americans that apply for this type of loan get denied
because their current credit cards are maxed out. Even if
you think your credit is good because you have never
missed a payment the second most important part of your
credit score is your debt to credit limit ratio, where if
your debt exceeds 50% of your credit limit it's to high,
in spite of the fact that your income is high enough to
handle the payments you will be denied.
3. Credit
Counseling Services
Most of these organizations are non-profit
and funded in-part by the creditors. You make one monthly
payment to the credit counseling service which can be the
same as what you are paying now plus their monthly fees,
then they disperse your payments to the creditors for you.
Usually the creditors will lower the interest rates on your
accounts if you meet the creditors requirements. You must
remember that you are still paying back the entire balance
plus interest; your creditors are not reducing any of the
remaining balance that you owe, just the
interest.
Missing one month’s payment can
get you removed from the program by the credit card
companies and many creditors will not allow you to
re-apply into another program for a year or more. This
means you are back in their hands of the creditors with
high interest rates. Due to the rigid structure of this
type of program close to 75% of people who enroll into
credit counseling programs fail to ever
graduate.
4. Bankruptcy
For most people this is considered a last
resort option. It can appear on your credit report for up to
10 years. Bankruptcy is also a matter of public record for
anyone to see for the rest of your life. You also must be
aware that filing for bankruptcy means you will have to file
in court, plus certain types of bankruptcies require a
court-appointed trustee to control and oversee your
estate. The 2005
Bankruptcy Act made changes in the law that
have made it very difficult for most Americans to
totally wipe out their debts; which means in many cases
you may be setup in a repayment plan determined by the
courts, which could be up to 60
months.
5. Negotiate
Settlement For Less Than The Full Balance
Owed.
Most creditors if handled properly will
accept a debt settlement for less than the balance owed. In
most cases saving the debtor thousands of dollars and
helping them become debt free in a fraction of the time they
otherwise would have. But keep in mind that if you are
current with your debts than the creditors will
only expect payment in full. Only when an account goes
into default (past due status) will the creditor
consider accepting less than the amount
owed.
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Information
Credit Card
Debt Negotiation
Service
Would Satisfying Your
Creditors At
50-60% Or Less Including Our
Fees
Solve Any Of Your Financial
Problems?
For many Americans a
reduction in their overall debt may not be the answer to
their financial situation because of cash flow problems.
If you are past due because of a decrease in your income
and the potenial of increasing it is next to impossible
then bankruptcy may be the only
option.
For thousands of Americans
there is hope outside of bankruptcy, that is debt
settlement. The origin of settling debts for
less than the original amount has been a part of history
dating back to Biblical times. This is not a new practice
and will remain as part as our culture for as long as we
have people in debt.
It’s very important to keep
in mind the types of debts that are normally negotiable
are known as unsecured debts. These can be department
store cards, credit cards, personal loans, defaulted
medical bills, auto repossessions, old phone bills, and
there are more. The types that are not negotiable are
home mortgages, auto loans, and motorcycle or boat loans
where you still have the vehicle but the bank holds the
title. Others are taxes, child support, alimony, federal
funded student loans, and any other bills that you are
still using the service.
Every situation is
different when dealing with collectors to settle your
debts there are many factors that dictate what will or
will not be accepted. Depending on you situation, we may
settle one or more of debts debts for as little as
$0.20-0.30 on the dollar. Then some creditors may be very
difficult and the best they will take may be $0.50-0.60
on the dollar. This is when a professional company that
deals with your creditors on a daily basis will be able
to determine what is good and what is not.
Click Below For Request For
Information
Credit Card
Debt Negotiation
Service
Can I Do This On My
Own?
Do I really need to hire
someone to try and negotiate my or can I just do this on
my own? Absolutely, you can do it on your own. Just like
when selling your home the question is; do I need a real
estate agent to sell my house? No, but consider this, if
you do not have the time, expertise, and the knowledge,
the cost of making mistakes can be enormous. That is why
it is a good idea to retain the services of an
experienced professional that knows what they are
doing.
Here are some tips if you
do want to attempt Debt Settlement on your
own,
What if I don’t respond and
temporarily do nothing? Many times
this works best, the old saying "no news is good news" can
apply, but can backfire and you can miss a great opportunity
for a very favorable settlement. Knowing when to hold
back and do nothing is a major factor in dealing with
collectors.
You must understand what a
good settl
ement offer is and
what is not. For example, one creditor may never
budge for less than 50% so accepting that offer would be
wise. But on the other hand there are creditors who will
accept 20-35%. Having the knowledge of how they operate is a
key ingredient to know when to hold out and when to settle,
this is essential to achieving the best possible
results.
Do not expect the creditors
and collection agencies to just
roll over and play dead, while reducing your debt by
thousands, if not tens of thousands of dollars. Understand,
this process can take several months so you have to be
strong and not fall for their tactics to intimidate you into
prematurely accepting a bad deal.
The old saying “It’s not what you
know, but who you know” is very important when it comes to
negotiating your debt. Avoiding uncooperative
people and actually speaking to the right person makes the
difference between getting a settlement or
not.
Different creditors and
collectors will require different negotiating
strategies. What you find may work with one company
could have a totally reverse affect when tried with another
company such as triggering a law suit. Typically each
company has its own way of doing business.
Creditors will routinely threaten to sue. In the
vast majority of cases this is just a bluff, but it is a
real possibility. It is essential to know the past
performance of the company threatening litigation; many
companies send the exact same threatening letter to everyone
and rarely ever sue. Only experience with the companies and
tactics can help you to determine if the threat of a lawsuit
is legitimate or not.
What if I receive
a letter or call for a law firm does that mean I’m
going to be sued. One of the main reasons creditors
and collection agencies use law firms to collect debts is
because the official appearance of a law firm’s letterhead.
This is usually enough to get most people to react and pay
immediately. If the law firm is not registered to practice
law in your State they can not represent a client in court
where they are not licensed, the odds of that firm suing
diminish. Dealing with a law firm collections company
requires confidence and the correct approach to receive a
favorable settlement.
What is the best time to
settle e
with the original creditor
or l
et it go to a
collection agency? This
question is asked the most and many times you are much
better off actually dealing with the collection agencies;
however there are times when dealing with the original
creditor is much more beneficial.
Are judgments
and liens negotiable? Yes, but the
results may not be as favorable. Caution must be used when
speaking to the creditor, having the knowledge of the legal
system in your county is necessary, as not to put yourself
in a worse situation. Also you will need to know how to
properly file the paperwork in your courthouse once a
settlement has been reached
What happens when my debt
continues to be sold to more than one
collection agency? Now
more than ever you will see that a debt is sold from one
collections agency to another. Which can mean the original
creditor is completely out of the picture, a potential
problem my come up when the collections company is bought
out by another collections agency, which happens very often.
The new company does not have to honor your past agreement
and can demand more. It becomes essential to make sure you
get the right settlement paperwork, so that you aren’t
liable for paying out on a debt that you already settled
with another company.
Click Below For Request For
Information
Credit Card
Debt Negotiation Service
The Debt Settlement Process
Is Not For Everyone
-
If
it will take you more than 36 months (24
months preferably) to negotiate settlements
with your creditors than bankruptcy may be a
better option to
consider. Understand
were not saying it is impossible to go longer
than 24 months, but the objectives we are
looking to accomplish for you become harder.
To achieve maximum savings the settlement
process should really look to be accomplished
in 24 months or less.
-
No
company can guarantee any specific settlement
amount. Debt settlement is a
process where a one time settlement is
negotiated, sometimes we are able to achieve
favorable results and sometimes extremely
favorable results, however we cannot
guarantee a specific amount. Any reasonable
person will understand and accept this. We
base our predictions on our past performance
and the results we have been consistently
achieving.
-
Your
credit score will be adversely
affected. This is the trade off
for having your creditors greatly reduce the
amount you will have to pay back. You cannot
just expect the creditors to write off
thousands or tens of thousands of dollars of
your debt and expect your credit to stay in
great shape. If you want a good credit score
then you must pay your bills in full on time.
Your credit score is however only a snapshot
in time and has the potential to go back up
and become favorable once again, but not
during the settlement process.
When it comes to
negotiating settlements with your creditors there is no
free lunch. As is with everything thing in life there are
positives and negatives. If you find that any of the four
previous points are unacceptable to you, then
STOP NOW because this
strategy of debt reduction is NOT FOR
YOU! If not read on.
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Information
Credit Card
Debt Negotiation Service
WHY HIRE US
Most people
do not have the time to devote to successfully complete the
process and achieve favorable results. Some
people think all it will take is a quick phone call to your
creditors and they will just reduce your balances
substantially. We wish this were the case, but it is not.
Successfully negotiating settlements with
creditors/collectors will require many well thought out and
planned phone calls, letters and settlement proposals over
time. To do this right it takes some time and there is no
getting around that.
Negotiating
skills and knowledge are a must for debt
settlement. Every creditor and collection
agency has its own procedures and policies, regarding how
they handle settlements. You must know each of these
companies procedures to be successful at settling. As said
earlier one tactic may be successful with one creditor and
have no effect with another.
We act as an
intermediary between you and the collectors. The
benefit of having a respected and reputable company greatly
helps the communication with the collectors and the success
of achieving very favorable settlements. They treat our
negotiators much differently then they would treat you. You
could say the same exact thing as our negotiators but get
nowhere. That is how important having a good companies’
reputation is.
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Information
Credit Card
Debt Negotiation Service
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