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Other Resources

  • 01Do NOT file Bankruptcy

    Debt Consolidation and/or debt settlement is your best alternative to bankruptcy. That should be your absolute last option, and in some serious cases it is the best option.

  • 19Improve your economic situation .
    More and more people are finding themselves in economic termoil. The only true way to not be a victim of the economy is to not have debt, especially credit card debt and high interest loans.
  • 26PAY CASH

    If you can't pay cash for things that you're buying with your credit cards, more than likely you don't need those things. Cut up your credit cards and consolidate today. Once you're paid off, you'll have that extra cash each month to be able to buy those things you've been purchasing with credit.

  • 04Always Check out the BBB
    Anytime you do business with any debt management company you should check their BBB rating. We have an A rating and have been in business since March of 2001.
  • 16Credit Card rates and Fees
    What you need to know about the new laws, rates and fees for credit card companies, read more...
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How are we able to settle for so little?

It's a little more complaicated than this but let's give you the short answer.

After you've been in the program for a few months or more, the creditors will sell your accounts to collection agencies for pennies on the dollar, typically $.05 cents to $.10 cents on the dollar.

We work directly with these agencies to settle the accounts anywhere from $.20 cents to usually a max of $.50 cents on the dollar. The percentages will vary from creditor to creditor, but on average we close accounts out at 40% of the balance.

Once we come to a final agreement, we make sure the creditor puts it in writing that they are willing to accept XX amount as a settlement in full and nothing further will be owed on this account. When we receive this letter from the creditor we then disburse the funds to finalize the deal and pay the account off. You now have a $0 balance and owe nothing.

We also send a copy of all correspondence to you, the client as well. You should hang on to this for up to 7 years incase it appears on your credit report again under a different agencies name. This letter will be your proof that this account is paid off and you no longer owe money.

If you lose the letter please contact our office, we keep a digital record of everything for up to 7 years.

 

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