Getting out of debt is something that as a consumer needs to be done for you and your family. This can be accomplished through a variety of plans and programs. However, every consumer needs to explore their options before selecting a plan or program.  Here are some of your options……

• Debt Consolidation
• Bankruptcy either Chapter 7 or 11
• Debt Settlement
• Do nothing approach

Before selecting a plan, the consumer needs to understand how and why they are in this current financial situation. This debt was caused by:

• Unable to payoff full balances on credit cards
• Making minimum monthly payments , charging more expenses which increased limits along with the growing interest payments
• Used credit cards to purchase goods and services
• Take on more credit cards to payoff old credit cards

A debt settlement program is a better alternative to the above referenced programs.  The reason for using a debt settlement company is they will negotiate on your behalf.  They will deal with the credit card companies and work to achieve a settlement of up to half of your current balance.  This is not any easy program for the consumer. It requires financial discipline and an understanding of the program.  It may take anywhere from 12 to 48 months to be complete free of the consumer debt burden under a structured debt settlement program.

Here are a few items which you will need to address when entering into a debt settlement program: 1) be aware that your credit score will take a hit but it probably already is low due to high balances, minimum monthly payments or late payments, 2) as debt is be negotiated your credit score can begin to rise, and 3) there maybe tax ramifications upon final negotiations with the credit card company.

Debt settlement companies work because creditors often except settlements because if they don’t the consumer most likely will file for bankruptcy.  In most cases, this eliminates the any funds to the unsecured creditors.

Contact us today to discuss a debt settlement program that is right for you and your family.

First, off, let me define summons….

Summons (n): A notice summoning a defendant to appear in court.

Pretty simple, eh? From that definition, it may not seem like much of a problem to add to someone’s debt settlement program. However, let me briefly describe how the process might work out…. Continue Reading »

What are the rules for being in a debt settlement program?

1. DO NOT tell the client to tell their creditors that they are enrolled on a debt settlement program. In fact, if they ask you, “Mr. Sales Rep, what should I tell my creditors now that I have agreed to do this thing?” , tell them to not take any action at this particular moment in time until they speak with your servicing department (us). DO tell them that you will be sending their file over to your servicing department for approvals, and once they are approved, an experienced orientation representative will contact them and tell them exactly how to handle the creditor calls. Continue Reading »

New client testimonials that debt settlement does work:

“I just wanted to thank you for going above and beyond in helping us settle our debt. You have always responded to my questions promptly and courteously… Without your guidance and assurance, I would have been much more anxious and nervous about our financial situation. Thanks again for everyone’s contributions, especially yours!” – D.R.

“Thank you for your frank talk and compassion. I was at my wits end and you definitely helped me see it is just the next phase of our re-grouping. We are on the way to recovery, some stages are going to be rough, but with support like what we received from you, it will be bearable.” – C.W.

I just saw on the Phillips & Associates website that they are doing debt negotiation and debt settlement.  The Phillips & Associates company is run by Jeffrey Phillips.   Phillips and Associates is the same company that does DUI and Bankruptcy.  Their commercials are pretty bad.  It looks like they have the people read right off a card.  I cannot see how the actual clients agree to go on TV an embarrass themselves.  They must offer to reduce their legal bills. Continue Reading »

As you all know, Labor Day marks the end of summer and  the beginning of a new month. Because I really don’t have any interesting tidbits to tell you about the history Labor Day or what the month of August used to mean in SomeYear BC, I’ll move on to the good stuff.

For the month of August, $650,555 worth of debt was settled at an average of 44%, handling 120 of our client’s accounts. Additionally, as a running total, there have been 67 graduations in the last year, 9 of which were in the last month (and more to come!). Continue Reading »

Debt Negotiation  and Debt Settlement Disclosures

Ø We cannot guarantee that the creditors will stop calling the client even though the client will be represented by an attorney.

Ø There is a possibility that the client will get sued. This could result in judgments, wage garnishments, liens, levies, arbitration filings or other forms of collection. Continue Reading »

Total Debt Minimum: $5,000

Min Debt Amount per creditor: $350

No Less than 3 creditor accounts per client

Monthly draft never less than $250

No more than a 48 month program

What kind of debt we will take for our debt settlement program

1. Unsecured credit cards

2. Repossession balances. (Car and house are typical) Continue Reading »

A few points have been brought to my attention in regards to new enrollments  that have been submitted in the last month or so.  To ensure that we are all on the same page, I would like to cover a few subjects that may be unclear.

It i  It is important when enrolling people into Debt Settlement that certain disclaimers are made clear to the client before their file arrives in our office. A list of disclaimers have been attached to this email – please ensure that you and your sales reps are informing the client of these points and that they understand them. Some of the more common misconceptions are the following: Continue Reading »

“Thank you!!! Working with your company has been mostly stress-free. It is a wonderful feeling to now be out of that much debt. Thank you once again.” – R.A.

“You have made my day! I’m so glad to hear the news that I am graduating - graduation is always a positive thing. I am going to thank you again for all your help, the hours you have spent e-mailing, calling, and doing the leg work to make this happen. I am very grateful for your help and for getting back on track.” – M.H. Continue Reading »

Did you know that July was originally called Quintilis which is Latin for “fifth month”…and that it was then later named after Julius Caesar in 44BC? It’s true! But on a much more important note… here is some information you might want to know! Continue Reading »