DEBT SETTLEMENT
1. Your certified counselor will review your budget information and help you adjust your monthly payments to accommodate your individual needs.You will also decide which accounts you would like to enter into the program.
2. You and your certified debt counselor will decide when you will be making your first payment. You will have one easy date that will be your date every month. There will be no more different due dates to remember..
3. Simply keep making your monthly payments on time and we will settle your accounts one at a time. This will ensure a path to financial freedom!.
HOW IT WORKS?
Our negotiators will contact most of your creditors by sending out either letters of authorization or cease and desist letters based on who is currently holding your debt. This lets the creditor know you are facing financial hardship and have employed assistance to help you with your outstanding debt. This can greatly reduce collection calls.
On average full resolution takes a minimum of 12 to 48 months. All this time you make your payments the money is held in a special purposes account through either Global Client Solutions or NoteWorld, the largest third party banking vendors in the country. The account is set up under your name and you have 24 hour a day access to it in order to keep up with the status of your account, to accept or decline offers or to add additional funds for settlement.
You put only the debt you want into the program. Unlike consolidation, you DO NOT need to place all of your unsecured debt into the program. While the cards are in the program, they cannot be used. When you complete the program, our company works to have the accounts read either paid in full or paid as agreed with a zero balance.
RESULTS
As a result of the work we do on your behalf and the benefits we achieve for you, you will be able to pay off your debt in much less time then you would by yourself (12-48 months). And In most cases more efficiently as well.
How? Prior to enrolling in this program, the majority of your payments went towards interest and late fees. Many times nothing is applied to the principal. By settling your account out, you are eliminating these ridiculous fees and only paying back what we negotiated your debt down to. Allowing you a substantial savings.
