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Q: How Does the Debt Recovery Program Work?
A. If you are
experiencing a hardship that has put your financial future
at risk our Debt Recovery Program can help. A qualifying
hardship can be one or more of the following; Divorce, loss
or decrease in income, using credit cards to pay monthly
expenses, credit cards are passed due and/or credit balances
are at or over limit. Any medical hardships, loss of job,
living on a fixed income and transferring balances from one
card to the next. If you are dealing with anyone of these
hardships this is how debt settlement could work for you.
· Debt settlement will negotiate the principal
balances of your unsecured debt.
· As negotiations are going on, you are saving an
agreed upon amount every month in your own account for
settlement.
· Once a satisfactory settlement is reach with your
creditor you will pay that creditor in lump sum payment.
· The Debt Recovery Program lets you approve all
settlements.
· The program lets you pick an affordable savings
budget.
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Q: Can You do This on Your Own?
A. Yes you can. Debt
Settlement works…It is that simple. However, is now the time
to get a crash course in the collection/settlement
business?
· The settlement game is one of stress and strain, on
you and/or your significant other, leaving it to
professionals that enjoy that kind of work can save you time
and money. You need to get back to building your life after
debt.
· Creditors have years and years of dealing with
people in trouble everyday and know how to intimidate people
into financial situations that they can’t keep or must hide
from. Wouldn’t it be great to be able to answer your phone
again?
· If you pick the settlement option you need to get
the best settlements. Why go the debt settlement route and
not do it right?
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Q: Is This Program a Loan?
A. No, this is NOT a LOAN. We would be the
biggest fools in the debt settlement industry to try to get
you to borrow money to get further in debt. The whole idea
is to get you to DEBT ZERO.
· Do you want to turn unsecured debt into secured
debt?
· Do you want to place this debt on your home or other
asset?
· Borrowing your way out of debt is a losing deal.
· The mortgage industry would love to have you taking
all your equity and giving it away with one of the loans
they offer.
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Q: Is This Consumer Credit
Counseling?
A. No. The two programs
are completely different.
· Debt Settlement reduces the PRINCIPAL amount you
owe.
· Consumer Credit Counseling works on the interest
rate.
· CCCS will have you paying all of your principal plus
interest over 60 months or more.
· If you can’t pay the minimums now, how can you pay a
CCCS plan?
· CCCS plans are paid for by your creditors, they work
for your creditors.
· Debt Settlement works for YOU. Debt Settlement
represents you.
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Q: How Will Debt Settlement Affect
my Credit?
A. Depending on what
your FICO score looks like today.
· If you are not passed due or going to become past
due then Debt Settlement is NOT for you.
· If you have passed dues or collection accounts now,
debt settlement will have little if any impact on your FICO
score.
· When you become debt free, your credit score will
start to improve because you no longer have the debt.
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Q:
How Can You Guarantee Your Service?
A. If DebtTree accepts
for enrollment in the Debt Recovery Program an account that
we are not able to settle due to the creditor we will refund
that portion of the fees back to you.
· Of course you must do your part and save for
settlements.
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