Can I settle my accounts on my own?
A good debt settlement company has experienced financial staff and debt negotiators that fight for your rights to obtain the lowest settlements possible given your specific circumstances. Often creditors will attempt to intimidate and bully consumers who attempt to negotiate directly. A team of seasoned negotiators will have extensive knowledge in Federal and State Consumer Laws and exercise the Fair Credit Reporting Act, Fair Credit Billing Act, as well as the Fair Debt Collection Practices Act to help negotiate your debt to the lowest possible settlement. Debt collectors spend a lot of money training their collectors to intimidate consumers and are very effective in deceptive practices. If you don't know the laws and regulations that govern their behavior, it is easy to fall into their trap. So, although you can negotiate directly with your creditors, it is highly advised that you do the research and know all your legal rights before doing so. Most people find that it is much easier to leave the task to professionals that are specifically trained for this task.
Q: Who is qualified for a Debt Consolidation and Settlement Program?
Q: How soon will my accounts be settled?
Q: How does debt consolidation and negotiation compare to bankruptcy?
Q: Will debt settlement hurt my credit?
Q: Do I have to include all my accounts in a debt consolidation and settlement program?
Q: What if my creditors won't settle?
Q: How long does a debt negotiation or debt settlement program take to complete?
Q: What kind of accounts qualify for a debt consolidation and settlement program?
Q: What are the possible tax consequences for a debt that has been settled?
Q: Will I continue to get calls and correspondence from debt collectors?
Q: Will interest and late charges accrue on my accounts while I am in debt settlement?
Q: Can I settle my accounts on my own?
Q: Is it a good idea to borrow from my 401k retirement plan to pay off my credit cards?
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| Our Program | Debt Consolidation Loan | Credit Counseling | Minimum Payments |
|
| Total Unsecured Debt | $30,000 | $30,000 | $30,000 | $30,000 |
| Months To Pay Off | 46 | 60 | 60 | 433 |
| Interest Paid | None | 12% | Variable | 18.99% |
| Monthly Payment | $498 | $667 | $855 | $900 |
| Total Est. Cost | $22,950 | $40,040 | $51,300 | $80,619 |
* The above numbers are an example of past performance and are not intended to be a guarantee of any future settlement results.
