Are you overly concerned about your unpaid bills? Online debt solutions can assist you in reducing collection calls, saving money, and resolving any financial issues. So take advantage of a free counseling session and explore the debt relief options in town.
Once you contact us:
Debt Settlement – It helps to lower your debt payoff amount.
Debt settlement helps to eliminate late fees, reduce your credit card payoff amount and collection calls. In this debt reduction program, I work with your creditors to accept significantly less than the total debt amount. You will get free of debt faster.
Debt consolidation – It helps to manage and pay bills.
Debt consolidation helps you manage multiple bill payments with an affordable debt relief repayment plan. Instead of writing ten checks every month, I will negotiate with your creditors. You will have to write only one check after consolidating your medical bills, credit cards, personal loans, and payday loans. It helps to avoid late payments, penalties, and fees.
However, it is a relatively longer financial strategy than debt settlement to repay debt.
Debt management –It helps to lower your credit card interest rate and other bills.
This debt relief program helps to reduce interest rates on your unsecured debts and eliminate penalties. My assistant will help you get back on the right financial track with an effective budget and payment plan. I will negotiate with your creditors to reduce interest rates and the number of payments on your unsecured debts. This helps to save money on interest and fees.
Bankruptcy – The ultimate solution to get rid of debts.
Bankruptcy releases you from your financial liabilities in just three months. In Chapter 7, the bankruptcy trustee liquidates your assets to satisfy your creditors. Chapter 13 will help you propose a repayment plan according to your affordability and pay your bills in 3 to 5 years.
It depends on the kind of debt solution you opt for. Debt settlement gives you a debt-free life within three to four months. Debt consolidation and a debt management program can resolve your financial issues within six to nine months usually. Chapter 7 bankruptcy helps you eliminate debts in just four months. On the other hand, it takes 3-5 years to complete Chapter 13 bankruptcy.
Few other deciding factors:
We have a reasonable and FTC-compliant fee structure. You have to pay a success fee of 15% of the total enrolled debt. There are no upfront fees or advance fees.
You have to pay a monthly consultancy fee of $50 for a 30 minutes consultation with the tax attorney, budgeting consultant, and savings consultant. However, the monthly consultancy fee will be adjusted with the success fee after your debt issues are resolved. Get the complete fee structure.
There are several ways to resolve your debt problems and not all of them make a negative impact on your score. But it’s equally important to evaluate your needs and options before choosing a debt resolution.
Usually, debt elimination programs help to increase your credit score when they reduce your overall utilization ratio. If bankruptcy or debt settlement reduces your overall utilization ratio, then your score will increase automatically. If your utilization ratio drops from 100% to 40%, there will be a big jump in your score.
However, your credit score may get reduced initially when you opt for debt settlement or bankruptcy. However, you can increase your score once you add positive items to your credit reports after you become debt-free.
Bankruptcy stops wage garnishment instantly.
Debt settlement and consolidation can also help to stop wage garnishment. But in that case, you have to save a significant amount in advance so that my assistant can offer an amount to stop wage garnishment.
We will offer a decent payoff plan to your creditors. But to stop wage garnishment, we have to offer an amount upfront for immediate effect.
You have to pay tax to the IRS on the difference between the amount you owed and the amount you paid.
For instance, if you owed $1000 and paid only $300, you have to pay a tax because your net savings are more than $600. The creditor will send a 1099-C form to you at the beginning of the following year and you have to report $700 as your income at the time of filing your income tax return.
Don’t ignore the 1099-C form because the creditor reports the canceled debt to the IRS as well. So the IRS has all the details in their online database. If you don’t report the 1099-C, then you might be charged for the amount if they find out the error.
Yes, once I start negotiating with your creditors and debt collectors, they will stop bothering you. If you file bankruptcy, they can’t call or harass you for collecting debts.
Chances are less since credit card debt is an unsecured debt. If you don’t pay off unsecured debts, then creditors can file a lawsuit to receive a judgment against you and make you pay off the debt. If you still don’t repay your bills, the creditors can garnish your wages or impose a lien on your home.
Creditors rarely employ drastic measures when you get personal right debt solutions from us, since they don’t want to get into legal hassles. Creditors want money and when they receive it, they forget about lawsuits and imposing liens on properties.
If you’re not happy with our debt solutions, you can claim a refund. Most debt settlement or consolidation companies don’t give a refund if your bills are not paid off. But this is an exceptional case. Always read the agreement carefully before hiring any debt relief company.
The bankruptcy option is available even when you’re in jail. A debtor’s prison doesn’t technically exist. Still, you can land up in jail for not participating in the post-judgment discovery process. If you don’t respond to discovery and refuse to appear in court, the creditor can request the judge to issue a civil warrant for your arrest.
Once you get arrested, the only way to get out of jail is to pay what you owe. Remember, judgment has an option to add interest. So, you may owe hundreds or thousands of dollars. If you don’t have money to pay the entire outstanding debt, consult a bankruptcy attorney for advice.
The best part of credit card debt solutions is that you won’t have to manage harassing calls anymore. If a debt collector calls you, inform him or her that you have enrolled in a debt elimination program. At that point, they should talk to us immediately.
Have a quick glance at the FDCPA laws since collection agencies have to follow certain rules when negotiating with you. If a debt collector violates the laws, you can file a lawsuit against them.
You can combine your credit card bills in a single monthly payment with a debt consolidation program or a loan. This solution helps you make only one payment every month at an affordable interest rate.
We offer consolidation programs in different states to help you repay bills conveniently. Just call us at the toll-free number to get the best guidance.
Yes, we can. When you have a poor score, it’s difficult to get the best credit cards, mortgages, and apartments. Rather, we offer different types of solutions to improve your credit score gradually. Our solutions help to lower your overall utilization ratio and increase your credit score.