Is this the same as debt settlement?
Yes, some of the processes we use are considered to
be debt settlement. There are many other services
which we provide to help resolve problem debt. Including
lowering of interest charged on current accounts,
validation, and credit improvement.
Should I keep at least one credit card account
open?
Many credit card accounts which are currently on your
credit report are required to maintain the best credit.
A major factor in maintaining your credit is the length
of time you’ve had these accounts. If you close some
of your current accounts it will have some negative
repercussions to your credit. Also, leveraging your
credit to have access to more money is an important
advantage that great credit will provide for business.
How do I calculate my monthly payment?
Setting up a low monthly payment will establish that
you indeed are trying to take care of past debt on
your accounts. It is important for you to represent
that your situation is critical and that your creditors
may lose all opportunity to collect on your accounts.
During this time you’re setting aside money to settle
your accounts and pay off current collections. Setting
up payment will help you avoid any further collection
efforts being made such as judgments and wage garnishment.
What if one particular month I can’t make my monthly
payment?
If an extenuating circumstance arises and you are
unable to make your payment at some time in the future,
simply pick up the phone and establish you’re trying
to be forthcoming in paying the debt. They certainly
understand that circumstances come up (stuff happens)
and are willing to work with you. We can call and
let them know what your situation may be.
Is there a benefit to paying off the remaining
debt in full as soon as possible?
Yes, you are honoring your current agreement with
the credit extending company. Statistics show that
consumers are less likely to pay on an account which
is sent to collections because of further costs attributed
to the account. It is in the credit extending company’s
best interests to help you keep the account from going
to collections.
Is there more that your company can do to
take care of past collections than strictly debt settlement?
Yes, there are always options which we can provide
you. Take the time to discuss the specifics of your
situation with one of our debt elimination experts
and we’ll provide you with the information needed.
How will this debt resolution affect my credit
rating?
It certainly can be very different depending on the
specifics of your situation. In some instances it
may make sense for you to withhold payment to allow
the debt to be charged-off and for you to have an
opportunity to renegotiate the terms of the loan.
In a lot of cases, after the debt has been charged
off the collection company is interested in collecting
the debt and doing it as soon as possible. We are
glad you are keeping your credit rating in mind and
it is our goal to help you maximize your credit rating
over time.
As you begin the program, you might experience a dip
in your credit scores if your creditors choose to
report lates to the bureaus.
On the other hand, if you are currently experiencing
lates, collections etc., there should be no additional
dip in your credit score. Certainly reducing your
unsecured debt by as much as possible.
Will the program help me qualify for an FHA
loan?
Good news, yes it will. When you have unpaid debt
that is late or in collection you will not qualify
for an FHA loan. With our DEBT RESOLUTION program
once we have resolved your debt.
Will this debt resolution affect my ability
to negotiate on my mortgage?
Because you will effectively reduce your unsecured
debt by as much as much as 60% or more. This may in
fact be a huge help in negotiating not only on your
current mortgage, but also a new mortgages.
Why is this better alternative to bankruptcy?
First of all, the devastating impact that bankruptcy
has on your personal credit has been well documented.
This may have a negative effect will last 7–10 years!
The DEBT RESOLUTION program does not have the associated
stigma and devastating impact on your credit.
Will I receive a 1099 from my creditor or
owe the IRS more money because of my debt resolution?
Yes, in many cases this may be the case.
What else can I do to start improving my
credit?
Certainly, once the DEBT RESOLUTION program has reduced
your unsecured debt by as much 60%.
What do I need to do in order to refer people
I know that need the same help I received?
If you have signed up for the PLATINUM REFERRAL PROGRAM,
you have the ability to earn hundreds of dollars by
referring other people you know to our service. The
simplest way to do this is to use our affiliate website.
You simply share your personal story of how we were
able to reduce your unsecured debt by up to 60% and
they will naturally want to receive the same phenomenal
benefit that you did. At that point, all you need
to do is refer them to your website, they learn all
about the program and then enter their contact information.
Someone from our office will then contact them, answer
any questions they have, and get them started on the
same wonderful path of DEBT RESOLUTION that you are
on today. Because they came through your website,
you will get the referral credit and receive $125
for the referral. We have many clients who love this
PLATINUM REFERRAL PROGRAM and have as their monthly
goal to both share with people they know who definitely
need the help, and earn enough in referral income
to pay their own DEBT RESOLUTION payment to the firm!
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