Non Profit Debt Consolidation! Consolidate your Debt!
Read MoreOther Resources
-
Creditors are calling me house day and night!
If creditors are calling you non stop, simply tell them to put you on their Do Not Call list. Just because you owe them money doesn't mean they can harras you. If that doesn't work, put something in writing, stating you do not wish to be contacted by phone ever again. Legaly that should do it. If not call us we'll take care of it.
-
What are the Tax Consequences of settling a debt for less?.
Depending on your financial condition, the money you save by using debt settlement companies can be considered taxable income. Credit card companies and others may report debt settlements to theIRS, and the agency may consider it income, unless it finds you are "insolvent." You are insolvent when your total debts are more than the fair market value of your total assets. It can be complicated to determine whether someone is insolvent. If you're not sure whether you qualify for this exception, talk to a tax professional. -
Will creditors continue to add interest and late fees to my debt after I've entered the program.
Yes, typically for 90 to 180 days from the date of your last direct payment to your creditors theywill continue to charge interest as well as ad additional late fees. However, even with additionallate charges or interest, we are still able to settle accounts on average 25% to 60% of the balance. -
What can you do if you believe a debt collector violated the law?
You have the right to sue a collector in a state or federal court within one year from the date thelaw was violated. If you win, you may recover money for the damages you suffered plus anadditional amount up to $1,000. Court costs and attorney's fees also can be recovered. A groupof people also may sue a debt collector and recover money for damages up to $500,000, or onepercent of the collector's net worth, whichever is less. -
16Credit Card rates and Fees
What you need to know about the new laws, rates and fees for credit card companies, read more...
Frequently Asked Questions!
The first question everyone asks...
Q: How much does this cost?
A: The Debt Settlement program will costs a lot less than you paying and/or settling your bills on your own. We charge 20% of your total debt amount, but we don't get paid until after we settle your debt. The Non profit debt consolidation is a little different, fees will vary depending on the state that you live in, call for details.
Q: Will this hurt my credit?
A: Short answer Yes debt settlement will, however the non profit debt consolidation program will keep your credit in good standings. But it really depends on your situation. If your accounts are already behind and/or in collections. This could improve your credit since the balance will be $0 once you complete the program. However, if you have great credit and have never been late before, debt settlement will negatively affect your score.
Q: Can a creditor sue me for being behind on payments?
A: Yes, this is America, anyone can sue you anytime for any reason, especially being one day or longer late on repaying a loan or line of credit.
Q: What If i've been sued already?
A: In debt settlement we can still work with debts that have a judgement filed, however they may settle at a higher rate depending on the case. These account will not qualify for the non profit debt consolidation program.
Q: Can I settle with my creditors on my own?
A: Yes. However, a professional debt arbitrator will be able to obtain a better settlement amount on your behalf. And we can assist you in ending creditor phone calls. We take the burden of stress out of your hands.
We're sure that you have many other questions. Call us today to get them all answered.
Call us Now!
Gather your most recent statements, fill out the online quote form or call us to find out how much money you can save.