1.How much does a consultation and worksheet cost?
Nothing!!! We will analyze your debts and financial condition then provide you with a Free Program Worksheet to assist in your evaluation and decision making process for determining which program provides the best solution based on your financial situation.
2.Can debt settlement lower my interest rates?
Settlement programs are designed to lower your monthly payments and principle balances based upon your financial capabilities.
3.Can debt settlement stop the creditors from calling me at home and at work?
A "Cease and Desist" notice can be served on creditors that continue to call or harass a client after the creditor has been informed we are representing the client. While most reputable creditors will discontinue this behavior, there is no guarantee that all creditors will abide by such notice and could require a notice to an appropriate government agency.
4.Can debt settlement eliminate my debt?
We can negotiate on behalf of the client for a resolution and settlement agreement with the client's creditors to eliminate the client's debt over the program period subject to both the client and creditor approval.
5.Can debt settlement improve my credit rating?
Settlement programs are designed to resolve, settle and eventually eliminate the client's debt with their creditors. Therefore these programs should improve the client credit rating, however, we have no control over the credit reporting bureaus or creditors' posting practices.
6.Can debt settlement guarantee how much my settlement amount will be for?
We prepare a program worksheet for the client to review and approve after which we will prepare a forecast and allocation for each creditor. However, we can not guarantee what the client's creditors will do now and/or in the future until a settlement agreement has been reached, acknowledged, conveyed and accepted by all parties.
7.Should I file for bankruptcy instead?
Settlement programs are a least offensive alternative to bankruptcy. We believe that bankruptcy should be a last resort rather than a first choice for resolving and settling creditor accounts whenever possible. Bankruptcy stays on the client's records for up to ten years and generally returns the least amount of funds to the creditor for the same or similar efforts.
8.Will your other client's settlements affect my settlement with the same creditor?
As a Christian based company, we subscribe to a very high business and professional code of conduct as well as a privacy policy on behalf of our clients. Prior settlement agreements for other clients with the same creditors are confidential and never made a part of an ongoing settlement negotiation.
9.How will I know what my creditors offer or responses are?
We will convey offers, responses to offers and acceptances between the client and the client creditors until a settlement agreement is reached or otherwise terminated by the parties.
10.How does the creditor know you really represent me?
The client will provide us with sufficient confidential information to identify and authenticate the client to the creditor in a manner providing the creditor a level of confidence that we have established an agency relationship with the client.
11.OK, so you can't tell me to stop paying my creditors, what would you personally do?
Given a scenario or event that leaves me where I can no longer afford the necessities of life and pay my creditor loan balances, I would employ the professional services of a settlement company to demonstrate to my creditors that I am serious about resolving my financial condition with them but in a least offensive manner and without bankruptcy or court actions.
12.Do you control or direct my funds while they are accumulating?
The client's income and expenses for the necessities of life dictate the amount of funds the client has available to accumulate to settle with creditors. These settlement funds remain under the care, custody and control of the client. We will convey final settlement agreements to the client along with any payment conditions of a creditor, which shall be performed at the direction of the client.
13.What are "Allowable Expenses" and "Necessities of Life"?
These include such as food, clothing, shelter, transportation, utilities, insurance, medical expenses and necessary household, employment and business related expenses. In addition, clients having disabilities or medical needs may keep an open credit account with use restricted to those needs.
14.What are "Allowable Expenses" used for the "Production of Income"?
These include such as travel, rental cars and meals expenses for employees whose employment requires them to travel. It would also include such as the purchase of goods and services directly related to the production of income. In these cases, a client would be allowed to keep an open and current credit account with use restricted to facilitate such transactions.
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