What Types of Debts Do You Handle?
We deal with all forms of unsecured debt, such as credit cards, store cards, medical bills, old utility bills, personal loans, business debts, etc. We do not handle current car notes, current mortgage payments, student loan debt or tax debt. We do not negotiate with creditors on bills that are for less than $500 and you must have at least $5,000 in total debt to qualify for our program.

Will My Creditors Continue to Call Me?
Once you become a client, we will send letters to all of your creditors directing them to contact us. However, there is a legal difference between creditors and collection agencies. For collection agencies, the law is on our side. Pursuant to the Federal Fair Debt Collection Practices Act, once you direct the calls to us, they are NOT ALLOWED to communicate with you in any way. With regard to creditors, we cannot guarantee that all creditors will abide by your request, but many of them will. This is because we will instruct you not to speak with them, but instead to give them our name and number, tell them we represent you and to direct all future communication to us!

Will All My Creditors Accept a Settlement?
Typically they do, as most creditors are willing to negotiate. Although no firm can guarantee that every creditor will accept an offer to satisfy your outstanding debt, even if an account is not settled, you will still be better off. For example, if you have five debts of $5,000.00 each for a total of $25,000.00, your payments under our program would be approximately $450.00 per month. If we settled with four (4) of your creditors for an average of 50%, you would have eliminated $20,000.00 out of $25,000.00 in debt and saved approximately $10,000.00 (less our fee). Although you would still owe approximately $5,000.00, if you continue to pay $450.00 per month to this creditor, you will be able to pay off this balance in approximately 12 months! You will then be debt free in a fraction of the amount of time it would have taken making minimum monthly payments and at a substantial savings to you!

How will this Affect My Credit Rating?
Due to your outstanding debt, your credit is probably already compromised. This is because even if you have a perfect payment record your debt-to-income ratio is probably too high. And this is the very first thing a creditor will look at: Can your income support more debt? By the time you are done with our program, you should be able to get more credit soon because your debt-to-income ratio has been substantially lowered. Your credit report will also show creditors that you did the right thing by paying your creditors, rather than filing for bankruptcy.

Why Can't I Just Do this Myself?
First, because we know many of the creditors' tendencies, we therefore know what is a good settlement offer and when to settle or when to wait for a better offer. Second, creditors are usually more willing to negotiate with a law firm than with the consumer directly. Third, our law firm is made up of educated professionals with experience in negotiating debt and working with creditors. And fourth, we know what rights you have under various laws and how to use their violations of these laws against them in negotiations.

Is This Legal?
Absolutely. This is completely legal, its simply a negotiated agreement between two people. For many of our clients, it is the only effective way of ever getting them out of debt. Without the use of debt negotiations, bankruptcy would be the only option left for many of our clients. However, through our negotiation efforts, the creditors do recover a portion of the amount owed. So this is a win-win situation for both client and creditor.

How Does Your Debt Settlement Plan Work?
Basically it works like this. You open an account to hold your settlement funds. While you are putting money in this account (either monthly or in a lump sum), we send letters to your creditors telling them we represent you and to direct all calls to us. We then begin a dialogue with your creditors in an attempt to negotiate a settlement with each of them. Meanwhile, you continue to save while we are in discussions with your creditors.

Once we receive a reasonable offer that matches what you have available in your savings account, we bring that offer to you. Once you have consented to the terms of a settlement, we will obtain the creditor's settlement offer in writing. You will then make a final settlement payment(s) to the creditor directly and this debt will be eliminated, forever. We will continue this process with each of your debts until you are debt free!

Not everyone qualifies for this program, to find out if this will work for you simply fill out our free, no obligation Settlement Form.