Your Options
An Alternative to Consumer Credit Counseling, Bankruptcy or a Debt Consolidation Loan.
Our Debt Settlement Program can help you eliminate your unsecured debt in approximately 12-36 months, and can reduce your total debt as much as 40–60% of what you owe. If you are experiencing a financial hardship and are falling behind on your payments, the good news is that you have options.
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We Help With
- Credit Card bills
- Medical bills
- Personal loans
- Business debt
- Unsecured lines of credit
- Collections
Call
1-800-921-4246
Request a FREE Consultation
Do Nothing (Pay Minimum Payments) Use our debt calculator above to see how much additional interest you will pay out by chosing debt consolidation instead of debt settlement.
Most creditors are raising interest rates as high as 30% APR!
If you chose to just continue making your minimum monthly payments, you will find yourself in a never ending cycle of debt. Most creditors are raising interest rates as high as 30% APR which leaves very little of your payment to pay down your balance. A person with $25,000 in credit card debt with an average 22% APR would spend over 46 years making minimum payments and pay an extra $66,819.51 in interest alone!
Use our debt calculator above to see what your debt looks like if you continue to pay minimum payments.
Debt Consolidation Loan
Most lenders will require an above average credit score to qualify for a consolidation loan.
If you use a home equity loan to consolidate, your debts will then become tied to your property as collateral.
A Debt Consolidation Loan is an option to combine your debts into one lump sum but will not reduce the total amount of debt that you owe. In order to qualify for a debt consolidation loan, most banks and credit unions require an above average credit score or significant equity in your home (home equity loan).
If you chose to use the equity in your home, your debt will then become tied to your home and will become secured debt that is tied to your property. If you default on a home equity loan, your new creditor has the right to place a lien on your property to collect payment.
Most of the time, a consolidation loan will not provide a significant savings in your monthly payment but will simply provide you with a set time period to pay of your debts. You will still be responsible for all of your debt in addition to the interest charged to you by your lender.
Bankruptcy
Many credit and job applications today ask, "Have you ever filed bankruptcy?"
Bankruptcy can be a nightmare and recent changes to the law make it very difficult to qualify without having to repay your debts. Most attorneys will require their fees and court fees in advance of filing your case. There are two types of individual bankruptcy: Chapter 7 and Chapter 13 (most common).
Many of our customers choose debt settlement simply because a bankruptcy filing is more detrimental in your credit history and can remain on your credit reports from 7 to 10 years after the bankruptcy filling has been discharged.
A Chapter 7 Bankruptcy will result in the liquidation (selling off) of your assets in order to repay your creditors. In order to determine your eligibility, an extensive review of your income, assets, expenses, financial status, tax returns, debt, and spending habits over the last 5 years will be performed. If it is determined that you do not qualify or that abuse of credit has occurred, your case will be referred to a Chapter 13 status.
A Chapter 13 Bankruptcy is considered an Adjustment of Debts of an Individual With Regular Income. This type of bankruptcy does not provide an immediate discharge of your debts and, if approved, you will be required to establish a 3-5 year plan to repay your creditors. Although you will be repaying your creditors, a Chapter 13 bankruptcy will still have a significant negative impact on your credit.
Our Debt Settlement Program
We will work with you to develop a customized program to eliminate your unsecured debt in a few short years.
Debt Settlement (also known as Debt Negotiation) is the only program other than Chapter 7 bankruptcy where you will pay back less than you actually owe your creditors. We negotiate on your behalf to reduce your total debt by 50% or less and can also lower your monthly payment to fit your budget.
During your consultation with one of our professional debt specialists, we will review your budget to find a plan that best fits your financial situation. We will work with you to develop a customized program to eliminate your unsecured debt in a few short years and provide you with the tools necessary to reach your goal of becoming debt free.
Your consultation with a professional debt specialist is 100% confidential and all information is stored in a secured network which only you and your assigned team will have access to.
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