Debt Consolidation Experts
November 29, 2009 by admin
Filed under Debt & Credit Free
We may be able to help you save more money than simple Consumer Credit Counseling while protecting you from the harsh impacts of bankruptcy. We think we have the best solution for most consumers with serious debt concerns. We are largest nationally based Debt Relief organization specializing in debt relief. We understand your situation and together, with you, we will look at all the options that may be available to resolve your debt. Debt Relief Experts has earned their reputation by taking an honest and informative approach to helping people find the best solution for handling their debt. Debt Relief Experts provides information about debt, where you may stand and what options may be available to assist you in managing your debt and offering the solution to reduce your debt. Our team of consumer debt consultants works individually with each client to help with their particular situation and personal goals. Debt Relief Experts maintains and continues to develop relationships with creditors throughout the country. By establishing cooperative and professional relationships with each creditor, we are able to reach the most favorable settlement offers for our clients. We work directly and 100% for you! Our goal is to provide our clients with an affordable program to get back on their feet financially within 12 to 36 months and find a real solution for the strain and stress caused by debt. With honest and informative advice, outstanding customer service and a proven debt settlement process, we can provide a fast and ethical way for our clients to become debt free and get back on the path to financial freedom.
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Get Out of Debt in Three Years or Less
Save 40% to 60% on Your Debt
Our debt settlement program is actually quite simple.
We negotiate your settlements for you. Your current level of unsecured debt will be skillfully negotiated for you, and essentially you will end up paying a fraction of the debt. Generally, we reduce your debt by 40-60% of the current total.
Low, affordable monthly payments. We will set you up with an affordable monthly payment, which is determined on a client-by-client basis between you and a counselor at Debt Relief Experts. Based upon what you are able to pay each month into your settlement account, we can determine how many months you will be part of the program and ultimately be debt free. Throughout the program, we communicate with your creditors on your behalf and assist you when dealing with aggressive, confrontational and abusive creditors or collectors.
Settling of Your Debt. Once you have retained our services, Debt Resolution Partners will commence the service. DRP will advise the client of all good faith offers made by creditors and debt collectors, and of their acceptance of any offers made by them. They will not settle any account without the approval of the client, who has absolute discretion to accept or reject any settlement offer. They can only settle a debt once the full funds are available in the client’s settlement account.
Christian Debt Relief
November 29, 2009 by admin
Filed under Debt & Credit Free
less than 3 times the Service Fees you have paid to us, we will refund a portion of those Service fees. The amount of the refund will be calculated so that the amount of Service Fees we retain is equal to only 1/3 of your total Debt Reduction. Please keep in mind that Retainer Fees are generally non-refundable.
means test are then required to file Chapter 13 bankruptcy. The Means Test In order to file under Chapter 7 Bankruptcy, your income must be below the median income for same sized families in your state or you’ll be required to go through a bankruptcy means test. Your income is determined by calculating your average income from the past six months. For families with a recent loss of income due to job loss or declining wages, this average may not reflect their actual current income. Even if you pass the first part of the means test and you have an income lower than your state’s median, there is an additional test for your expenses which places severe restrictions on your spending. If the court believes that you have $100 or more per month in disposable income that you could apply towards your debt repayment after allowances for child support, food, housing, and other related expenses, you’ll be pushed into a repayment plan under Chapter 13.
Debt Settlement
Debt Settlement, also known as debt arbitration or debt negotiation, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.
As long as consumers continue to make minimum monthly payments, creditors will not negotiate a reduced balance. However, when payments stop, balances continue to grow because of late fees and ongoing interest.
In order to work with a debt settlement company, a consumer needs lump sum cash (best scenario), or build up enough funds over pre-determined period of time. Once enough funds are built up the negotiation process can begin with each creditor individually. Account can be held by credit card companies or may be sold to collections agency for average of $0.15 on the dollar. In which case debt can still be negotiated. The debt settlement company negotiates with the credit card companies for 35% – 50% of the existing balances. The debt settlement companies typically have built up a relationship during their normal business practices with the credit card companies and can come to a settlement agreement quickly.
With the current economic crisis, more and more credit card companies may be willing to settle existing credit card debts rather add to their already large written off bad debt.
