 |
 |
||||||
 |
 |
 |
 |
 |
 |
 |
 |
DEBT-RESOLUTION
Debt-resolution is the only debt relief option that negotiates with your creditors to accept less than the full balance on the debt you owe as payment in full. It’s a win/win situation for both you and the creditor. You repay a portion of the money owed and from the creditor’s perspective; they receive some money rather than nothing.
During your free confidential consultation, your Debt Consultant will discuss and evaluate your current financial situation. We will review your creditors and discuss which cards to submit into the program. All unsecured credit card debt, medical bills, utility bills, gas cards and repossessed automobile deficiency balances are eligible. Secured loans, such as mortgages or car loans are not eligible.
Once your evaluation is complete, we work with you to design an action plan developed to have your unsecured debt paid off in approximately 2-4 years with an affordable monthly payment that works within your budget. Together we will determine the appropriate monthly dollar amount that you will allocate towards your savings. Your personal monthly savings plan will typically be structured to give you immediate relief from your current payments. Each month you will save this set amount towards your savings until enough funds have accumulated to make reasonable offers to your creditors individually.
As each person's situation is unique, the negotiation process will begin at different times depending on the amount of debt enrolled and your ability to save funds. Although interest and late fees will continue to accrue, we will negotiate on the original amount of debt you enrolled into the program. Typically we attempt to reduce your debts by at least 50% of your original balances. Once the creditor agrees to a resolution amount, we will present this offer to you. If you approve the resolution offer, we will direct the creditor to send the offer in writing. You will then be notified and payment to the creditor will be made. Once the creditor receives payment, they will typically report that your debt was “settled in full”, “settled” or “satisfied and closed”.
We will provide you with the tools, support, encouragement and financial education you need to get your financial life back on track. To learn if debt-resolution is right for you, CLICK HERE to find out how we can help.
Debt-Resolution
Consumer Credit Counseling
Obtain a Loan
Do Nothing
Bankruptcy
See how quickly we can help you get out
of debt. Get a FREE SAVINGS QUOTE today!
