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.
Click Below For Request For 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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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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Credit Card Debt Negotiation Service
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