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. FSLC has been helping thousands of
Americans for over 4 years 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 with FSLC 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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Information
Credit Card
Debt Negotiation Service
WHY HIRE FSLC
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.
We are an accredited member with the BBB
(Better Business
Bureau). Our client services representatives are
dedicated to making sure every facet of debt settlement
process is done to the client satisfaction.
Click Below For Request For
Information
Credit Card
Debt Negotiation Service
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