1.
What is debt reduction compared to debt consolidation?
A
debt consolidation is a payment that you make every month
(probably with reduced interest) to the debt consolidation company
and they disburse payment to all your creditors. This will
eventually leave you debt free.
With
debt reduction, we negotiate on your behalf to significantly
reduce your debt to 40% - 80% of what you actually owe.
2.
Will debt reduction affect my credit?
Since
you will have resolved your outstanding debt through our program,
your future creditors will see that you have settled your debts
instead of filing bankruptcy. Your debt will be paid off which has
just improved your credit.
3.
How does the debt reduction program compare to bankruptcy?
Bankruptcy
should only be your last resort.
It will have a devastating effect on your credit rating
that lasts seven to ten years. Debt reduction will provide
financial freedom without the long-term affects that come with
bankruptcy.
4.
Will I continue to get calls or collection letters from my
creditors?
Once
we are retained by you, we will contact your creditors to inform them to
forward all correspondence to our office on your behalf.
5.
What are your fees?
The fees for different case type vary and are discussed
during the first free phone consultation. The fees are usually a percentage of what we save you only.
Back
to the Top
