I've seen ads about debt settlement is it too good to be
A financial hardship is where a debtor cannot
afford repayments on a credit contract, they may seek a variation of the repayment arrangement on the grounds of
This often happens to people who's monthly
expenses including their credit card payments, outweigh their income. Individuals who find themselves in this
situation have various options available to them. Which option is best for you would be dependent upon your
If you are in a position where you can no
longer maintain the monthly minimum payments on your credit cards and have started to fall behind, your choices are
Can I settle my debt on my
Sure you can, but we would not recommend it. You may be able to make your own plumbing
repairs or install your own computer network, but most people don't have the time or expertise to deal with
Creditors deal with thousands of people who are in financial difficulty every day and have a vast
array of sophisticated (and some rather blunt) methods of intimidating you into financial arrangements you cannot
The settlement process is usually very emotional and stressful, especially when you are the one
being attacked by collectors over the phone. Most people prefer to leave these tasks to experienced people who earn
their livelihood doing that particular kind of work.
We have a staff of debt negotiators whose only job is to negotiate the settlement of unsecured
debt, every day, five days a week. By letting us do what we do best, you will get better settlements with a
fraction of the stress.
WE know how to deal with creditors and have in-depth knowledge about how these institutions
work. We can potentially save you thousands of dollars and free you from a considerable amount of stress.
I have heard that Debt Settlement Companies are scams is this true?
Recently the FTC passed strict regulations in
the attempt to protect the consumer and in the hopes to eliminate companies that did not have their client's best
interest in mind.
In that it mentions about fee structures and
how companies can charge fees for their services. This was because many companies would change a large portion of
their fees before any actual settlements had occurred. Often time their performance was sub-par and this made it
difficult for a consumer to seek their money back.
A better idea is to have a company who
believes in their abilities and shows that by charging no fees to the client for their services until the debt has
actually been settled. This ensures one that the customer can save money for settlements much faster, and two the
customer knows what they are paying for before they pay for it.
Is debt settlement
Debt settlement is
a legal and cost-effective option to reduce debt and get debt paid off fast. Debt Settlement is a proactive
approach for debtors experiencing the stress of too much debt. We understand the stress and struggle of living with
an overwhelming amount of debt, and our goal is to reduce and consolidate your debt so that you can begin living
the lifestyle you've been dreaming about.
Debt settlement is a legitimate way of solving your problem without the need for
bankruptcy. Our representatives work each case individually to determine your eligibility and then, if you qualify,
they will establish a program that allows repayment of the debt through affordable monthly payments. This approach
reduces your debt vs.. consolidation options. Our approach assists you by reducing the time to repay the debt and
by lowering the total amount you owe.
Can a creditor sue me if I am going
through a debt relief program?
Creditors have the right to use
legal means to collect a debt. Some creditors are more likely to file suit than others.
Creditor lawsuits are NOT COMMON they do happen. It is also a common tactic of third-party
creditors or collection agencies to threaten you with a lawsuit (which is illegal if they do not intend to sue).
The reality is that third-party creditors or collection agencies rarely ever sue. You should be aware that a
creditor can only sue you if it retains an attorney that is in your state. Furthermore, it takes time and costs
money to file. Lastly, even if a creditor is to take legal action, they can only collect what you have. A wage
garnishment takes time and always hinges on your employment and may not be applicable in your state. If you own a
home it is difficult for a creditor to attach the equity in your home and it may be protected by your state's
homestead act. In conclusion, it is typically more cost effective for a creditor to settle than to pursue legal
action. While we cannot guarantee that legal action will not be taken, we are confident that our experience in
dealing with creditors can reduce the possibility of this happening.
Despite any legal action that may or may not be taken, your account can be settled before, during
or after the suit. Just because an account goes to legal action does not mean that we cannot settle it. The threat
of legal action can be the scariest of all, IT CAN BE HANDLED.
Here are some facts; Right now in the United States there are between 200 and 300 billion dollars
of uncollected (Money Judgment debt). The court does not require the debtor to pay, and will not even help collect.
Very few people know how to find these assets or what to do when they are found. The result is that millions of
Judgments are just sitting in files. "Four of five winners of a Judgment never see a dime." We negotiate all
unsecured debts, which include judgments. Regardless of what stage of collections a debt is in, it can be
Note: We cannot provide you with legal advice. We work with your creditors to find a solution
that will satisfy everyone before legal action is taken.
To speak to an analyst