How long does the debt elimination program take to complete?
The length of time to complete your program will depend on the amount of your current debt and the amount of time you take to fund your Special Purpose Account.
We can usually eliminate your unsecured debt within 12-36 months. Your Certified Debt Consultant will advise you of the amount of time it will take when you request your free consultation.
How do I know if I am a good candidate for Debt
Consolidation Services?
To qualify for our debt negotiation program, you must have financial hardship of at least $10,000 in unsecured debt, and have a strong desire to become debt-free. At this time, we accept only U.S. citizens. Because debt negotiation, consolidation and/or credit counseling services may jeopardize those who need security clearance, unfortunately, we are unable to assist members of the armed services. And, for the same reason, we must carefully interview those who are employed by the federal government in order to determine if our services are advisable.
What types of debts are allowed in our program?
Only unsecured debts, or debts without collateral, are permitted in our program. Examples of unsecured debts include: credit cards, medical bills, personal loans, department store cards, gas cards, apartment lease judgments, etc. A secured debt is one in which a creditor holds something of value as collateral, such as your home or car. We will not add these to your program. However, if the collateral is repossessed or foreclosed, we may be able to help you resolve what you still owe on the balance of the loan.
What is the difference between Our Services and consumer credit counseling, or
other debt consolidation companies?
Credit counseling services usually work for your creditors, earning a percentage of what you pay to your creditors. In most cases, you will be expected to pay 100% of your debt, plus interest, by making smaller payments over a longer time period. Because credit counseling makes its money by earning a percentage of the amount you pay your creditors, their incentive is to get you to pay 100% of your debt, rather than to try and settle with your creditors.
Other Debt consolidators will loan you money (and charge interest) to “consolidate” your debt, and you will pay off your debt at 100% of the debt amount, sometimes including late fees and additional interest.
We will negotiate a settlement of your debt, for as little as 50% of what you currently owe. Once a settlement is reached, you never have to make another payment!
