What debt relief options are available?
How does debt-resolution work?
Will I need to enroll all of my credit cards into the debt resolution program?
What types of debts are eligible for debt resolution?
Will late fees and interest charges continue to accrue?
When do negotiations occur with my creditors?
Who can apply for our program?
How do I get started?
Is my information kept confidential?
What makes Americor Financial different from other debt-resolution companies?
Are there any upfront service charges?
Will savings begin for my resolutions immediately?
Are there any guarantees?
How can debt-resolution make my life easier?
Will debt-resolution affect my credit?
Will taxes be due on the money I saved?


What debt relief options are available?
Debt-resolution, Consumer Credit Counseling, Obtain a loan, Do Nothing, or Bankruptcy.

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How does debt-resolution work?
During the free confidential consultation, a Certified Debt Consultant will discuss and evaluate your current financial situation. We will review your creditors and discuss which cards we recommend be submitted into the program. Unsecured credit card debt, medical bills, utility bills, gas cards and repossessed automobile deficiency balances are usually eligible. Secured loans however; such as mortgages or car loans are not eligible for the program. Once the evaluation is complete, we will work to design a program plan that best suits your particular financial situation. Together, we will determine the appropriate monthly savings amount that will need to be allocated towards your savings account each month. The program plan will be structured in the best way possible in order to provide you with immediate relief from your current payments.

As you save the set amount towards your savings each month, you will continue to accumulate until enough funds are available to make a reasonable offer or offers to the creditor or creditors. The negotiation process will begin at different times depending on the amount of debt enrolled and the ability to save funds. Each person's situation is unique and negotiations will begin at the best times possible. During the negotiation period interest and late fees may continue to accrue; however our negotiators will utilize the original amount of debt enrolled into the program for their negotiations. Typically, we attempt to reduce your debts by at least 50% of the originally enrolled balance of the debt. Once the creditor agrees to a resolution amount, we will present this offer to you for approval and make arrangements for the resolution of that account. With a firm offer of resolution in writing from the creditor, payment will be made from your savings account to settle the account. Once the creditor receives the payment, they will report the account was “settled in full”, “settled” or “satisfied and closed.”

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Will I need to enroll all of my credit cards into the debt-resolution program?
We will review your creditors with you and discuss which credit cards we recommend to enroll into the program.

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What types of debts are eligible for debt-resolution?
Most unsecured credit card debt and unsecured loans, medical bills, utility bills, gas cards and repossessed automobile deficiency balances are eligible. Secured loans however; such as mortgages or car loans are not eligible for the program.

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Will late fees and interest charges continue to accrue?
During the negotiation period late fees and interest charges may continue to accrue; however our negotiators will utilize the original amount of debt enrolled into the program for their negotiations. Typically, we attempt to reduce your debts by at least 50% of the originally enrolled balance of the debt.

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When do negotiations occur with my creditors?
Each person's situation is unique and negotiations will begin at the best time possible. As you save funds for your resolutions each month, you will begin to accumulate enough funds to make reasonable offers to your creditors. The negotiation process will begin at different times depending on the amount of debt enrolled and your ability to save.

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Who can apply for our program?
Everyone is eligible. If you are struggling from one month to the next and are unable to keep up with your minimum monthly credit card payments, debt-resolution may be the best solution. If you have had a financial hardship which has set you back and you can no longer meet your current monthly obligations, debt-resolution may be the best solution. Let one of our knowledgeable and certified debt consultants help you determine if debt-resolution is right for you.
Call us today to see how we can help. Your free consultation is confidential and private.

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How do I get started?
SIMPLY complete the ONLINE FORM or CALL US directly at 800-536-2209.
A Certified Debt Consultant will review your financial situation to determine if debt-resolution is the best solution. Your free consultation is confidential and private.

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Is my information kept confidential?
Americor Financial LLC, is dedicated to protecting your privacy and providing you with the highest level of confidentiality. We train our employees to protect all customer information. We maintain physical, electronic and procedural controls that comply with government standards.

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What makes Americor Financial different from all other debt-resolution companies?
• Americor Financial has NO up-front fees.
• Americor Financial has one of the most aggressive savings programs in the industry. With this
  specialized program our clients begin saving immediately. Saving quickly allows our negotiators
  to maximize the resolution opportunities and SETTLE YOUR DEBTS QUICKLY.
• Americor Financial offers very FLEXIBLE and CUSTOMIZED programs. Each program provides
  the MAXIMUM PAYMENT RELIEF from your current monthly credit card or other debt
  obligations and establishes one AFFORDABLE monthly savings amount.
• Americor Financial may SETTLE YOUR DEBTS in as little as 12-36 months. Each program is
   designed to be both affordable and to provide the quickest resolution opportunity.
• Americor Financial provides a MONEY BACK resolution GUARANTEE. Any creditor that is
  accepted into the program where a resolution cannot be reached will trigger the money back
  resolution Guarantee. We will refund the service fee for that account.
• Americor Financial Certified Debt Negotiators have years of experience and are very familiar
  with hundreds of creditors. They focus on saving our clients the maximum amount possible.
• Americor Financial Debt Consultants are highly trained and are Certified Debt Specialists.
• Americor Financial has received accreditation from the British Standards Institute for Best
  Business practices.

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Are there any upfront service charges?
No. Americor Financial has NO up-front fees.

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Will savings begin for my resolutions immediately?
Americor Financial has one of the most aggressive savings programs in the industry. With this specialized program our clients begin saving immediately. Saving quickly allows our negotiators to maximize the resolution opportunities and SETTLE YOUR DEBTS QUICKLY.

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Are there any guarantees?
Americor Financial provides a MONEY BACK resolution GUARANTEE. Any creditor accepted into the program where a resolution cannot be reached will trigger the money back resolution guarantee. We will refund the service fee for that account.

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How can debt-resolution make my life easier?
Americor Financial provides the tools, support, encouragement and financial education needed to successfully complete the debt-resolution Program.

Understanding your rights and how to handle the creditor calls will begin to ease the tension you may be feeling. We educate each of our client’s on the Fair Debt Collections Practices Act and the rights each client is afforded under the law. Additionally, detailed scripts are provided that will help support you if a credit does call. Personalized cease-and-desist letters will further instruct your creditors to contact you ONLY BY MAIL and will force the creditors to put any communications or offers in writing.

The Account Management Team will provide you with ONE-ON-ONE support and guide you through the process. You can expect communications from the team frequently, providing words of encouragement and up to date statuses on your account.

Our online client portal allows you to see your account status at any time. Here you will find important education material and money saving techniques that will prepare you for Financial Freedom.

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What will debt-resolution do to my credit?
Credit bureaus calculate credit scores from data collected creditors in 5 main categories.
1) Your payment history
2) The amount you owe
3) The length of credit history
4) New credit
5) Type of credit used
Payment history ONLY ACCOUNTS FOR 35% of the overall credit score. The other 65% of the score is generated by the amount and type of debt that is owed. Purchasing power is your ability to secure new credit and is most likely limited at this time. If the current financial profile is limiting the opportunity to get a loan at this time, then your credit score is not working for you. While enrolled in the debt-resolution program the credit score will most likely be temporarily affected due to the nature of the program. As resolutions are reached and the amount you owe is paid in full, your credit profile should begin to heal itself.

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Will I have to pay taxes on the money I saved?
Please consult a qualified tax professional for advice pertaining to your personal situation. Should a creditor report your savings of more than $600 to the IRS as taxable income, the IRS allows form 982 to be completed. This form would give you the opportunity to seek relief from the taxes owed up to the amount by which you were insolvent at the time the debt was settled. This form may be found at the IRS Web site.

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