Debt Negotiation/Settlement
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Debt Settlement is one of the best kept secrets. |
Creditors will never tell you about it. Debt negotiation and debt settlement are being used by thousands of people like you to honorably pay back an agreed-to, reduced amount to creditors. This
is an aggressive approach to debt reduction,
which is appropriate for people with
a serious amount of debt, or who are having
trouble making their payments, or even considering
bankruptcy. In
simple terms, this is what it does: reduces your debt by 40% to 70% and lets you pay
what you can afford into your own savings account each month for approx. 24 to 36 months or so. As the money accumulates, when you are ready, and you have an acceptable settlement, you pay your creditors the negotiated amounts. And, best of all, you have complete control. For types of unsecured debt that can be settled, scroll to bottom of this page.
Here's the simple explanation: |
Debt-Settlement is a very viable option to your debt problems. This process will typically eliminate 40-70% of your debt, over a 24-36 month period, by educating you on what to look forward to first, then allowing you to make payments you can afford within a reasonable time frame of reaching debt freedom.
We will send you an educational package, (5) 1-hr. audio CD's that will explain the whole overall process to you. If you change your mind after listening to the CD's, simply return them, within 10-days of recieving it. The information will explain how the credit industry works, how debt collectors work, how the credit report agencies work, how to improve your credit score, and of course, how the debt negotiations and settlements are done.
After you start the program you will open up a savings account just for settlement payments. This will require you to be faithful to put the amount you can afford into your savings account each month (typically around 1 to 1.5% of your debt total). The more you put in, the sooner this process will be over. We do not charge you a fee, unlike most other settlement companies that charge you 15 to 20% of your total debt regardless of the settled amount. What a deal, you can't get any fairer than that.
Example: Let's assume if you currently have $30,000.
in credit card debt with monthly min. payments
of $ 750. After 36 mos. of making payments,
you will have paid $27,000. and your balance
will still be over $25,000. Ugly, but that's how the credit card banks make money..In our settlement
program, you can settle the $30,000. for
approx. $15,000. (40% - 70%), Your payments are cut almost in half
(approx. $300 - $400.) and in 36 mos. the debt is paid as agreed . Absolutely,
no comparison!
An individual’s financial situation can
easily be destroyed by loss of employment, a
death in the family, unexpected circumstances,
or a few bad choices. We are committed to helping
you avoid bankruptcy and offering you
an honorable way to resolve your debt. The debt settlement program is tailored to each
individual’s financial needs. We analyze
your debt situation, provide you with your
best debt settlement options, and educate you
so you may continue to live your life DEBT
FREE!
After each debt is settled, the creditor will
send you a letter stating the debt obligation
was fulfilled, and will report to the credit
bureaus that the debt has been, "Settled
for less than full amount", "Paid",
or "Settled."
Creditors will usually settle for less than
owed when the debtor is under serious financial
strain because if the debtor chooses to file
bankruptcy, then the creditor gets nothing.
Creditors want to get as much money back as
they can.
Debt Settlement is a way to get out of debt
in the shortest amount of time, and with the
least amount of money without filing for bankruptcy.
There are some drawbacks though. The IRS considers
a forgiven debt as taxable income, so at the
end of the year, they will expect taxes to be
paid on the settlement. The IRS, however, has
a form (#982) available for special hardships.
Debt Settlement can also be harmful to a debtor’s
credit-rating while they are in the process
of settling their debts because creditors won’t
agree to settle on an account that remains current.
The debtor’s credit report will reflect
that they are behind in payments until the debts
are settled.
With our program, you will be able to eliminate
your debts in the shortest amount of time with
the least amount of money without filing bankruptcy!
After the program is over you can work on improving your credit score with the material that is included in your package, and/or we can refer you to professions that can asist you.
Accounts covered are all types of debt including credit cards, medical bills, signature
loans, apartment leases, repossessions, non-government
student loans, and many other types of debt. Click on "Types of Debt" below for a more thorough listing.
| Frequently asked Questions & other Information: ( Click on them for more info.) |
Types of Debt: What types of Debt can or cannot be Negotiated and Settled?
Fair Debt Collection Practices Act (FDCPA).What Debt Collectors can and can not do? See: Federal Trade Commission (FTC)
FAQ about Debt Collection (FDCPA).
If you need a video or audio player, download a FREE player: 
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. . ... Our
Programs are available in
ALL States & Canada.
