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Debt Consolidation:
Few high schools and colleges offer even a
rudimentary course on how to budget money and use credit wisely, so it
is no wonder so many people get in over their heads when it comes to
credit cards and other consumer loans. It is all too easy to just sign
your name for every purchase and forget about the inevitable bill.
The huge rise in levels of consumer debt has created a virtual cottage
industry in Debt Consolidation services. These services seek to help
consumers dig themselves out of their credit card debt and stand on
solid financial footing once again. The best Debt Consolidation services
do far more than help consumers reduce and eliminate their current debt.
A good Debt Consolidation service will help those consumers to learn
about budgeting and financial planning. Only by learning good budgeting
and spending skills can a consumer be assured that he or she will not
fall back into the credit card trap.
Debt Consolidation firms work with creditors on the behalf of consumers.
They are often able to negotiate friendlier repayment terms than the
individual can work out on their own. For instance, a credit card
company may be willing to lower your interest rate substantially to make
sure you are able to repay the balance you owe. In some cases, the bank
may even be willing to accept a lesser amount than what you owe. After
all, it is in the bank’s best interest as well as your own to keep you
out of bankruptcy court.
Debt Consolidation companies have experience negotiating these kinds of
deals. They often have contacts within the major banks and credit card
companies. They are able to use these contacts to get deals unobtainable
by the consumer working on their own.
As important as it is, paying off current debt is only part of the
problem, and it should be only part of the solution offered by a
legitimate Debt Consolidation company. It is just as important for a
Debt Consolidation firm to offer credit counseling services and budget
courses to their clients. When shopping for a Debt Consolidation
company, be sure to inquire about these kinds of services. A Debt
Consolidation company that offers extensive credit counseling and
budgeting services can
help you to remain debt free.
Learning to budget your money is one of the most important financial
skills there is. Unfortunately, this vital life skill is all but ignored
in the school system today, and even most colleges devote precious
little time to this subject. No matter how much or how little money you
make, it is absolutely essential that every consumer learn how to live
within their means and budget their money properly. A good Debt
Consolidation company will understand the importance of this skill to
your long term
financial well being and will devote the time necessary to help every
client prepare and stick to a good budget. The bottom line is that Debt
Consolidation can help when consumers get into trouble, but it is vital
to choose a Debt Consolidation firm that has your best interests at
heart. The best Debt Consolidation firms work hard to not only eliminate
current debt for
their clients, but also ensure that they do not incur further debt.
American Debt Foundation, Inc.
Debt settlement is a form of debt relief that can assist you in
overcoming the burden of overwhelming debt in less time and for less
money than other debt relief options.
On average, consumers who complete the American Debt Foundation's debt
settlement program do so in 3 to 5 years and generally pay less than
half of the balance owed.* That amount typically includes any interest
charges, late fees, and the debt settlement company's fees.
American Debt Foundation's debt settlement program is an alternative to
bankruptcy, which exists to assist consumers with significant debt due
to personal or medical hardships.
Too often, consumers join consumer credit counseling services in an
attempt to repay their debt, but soon find that it may have not been
their best debt relief option. Some estimates show over 75% of people
who turn to consumer credit counseling services either quit or are
dropped from the program. As a result, many clients end up filing for
bankruptcy. Debt settlement is an alternative solution for people who
legitimately cannot afford to repay their debts and are looking for an
honest way out of a debt-burdened life.
Debt settlement serves an important role in the debt relief industry
because it is not like consumer credit counseling, debt consolidation
and other debt relief options that coach you through repaying your
entire debt, even if you cannot afford to do so. Instead, debt
settlement involves negotiating with your creditors to settle your debt
for a reduced amount. This is why debt settlement is a growing debt
relief solution.
Many credit card companies have debt negotiation and settlement
departments for the specific purpose of negotiating with debt settlement
companies like American Debt Foundation. While they prefer that you
repay the entire amount you owe, creditors understand that lending
credit is a risk, and sometimes consumers experience legitimate
financial hardships that prevent them from repaying the full debt.
It is important to us that you understand the debt settlement process or
any other debt relief option you choose before committing to a program.
The following pages explain how and why the debt settlement process
works. Keep in mind that not all debt settlement companies are alike and
others may not have the same process and steps described here.
What is debt settlement?
Debt settlement is when you repay your creditors less than you owe to
satisfy your debt. People with overwhelming debt can enroll with a debt
settlement company who will negotiate with their creditors to settle
their debts for a fraction of what they owe.
In a debt settlement program, you deposit money into a savings account
each month, instead of paying your creditors. Once enough money builds
up, the company negotiates with your creditors to accept a lump sum
payment. If the creditor accepts, this agreement settles the account.
Your debt is considered paid and you can begin saving for the next
settlement offer.
What settlement results do your clients typically see?
On average, we settle our clients' debts for about 30-50% of the entire
amount owed.
How long will it take me to get out of debt?
Our program graduates are typically out of debt in 12 to 36 months.
Can American Debt Foundation help with harassing collection calls?
No company can completely stop debt collector calls. However, we ask
your creditors to contact us directly about your accounts. We also offer
specific advice for dealing with unwanted collector calls that come to
your home.
Does American Debt Foundation offer any guarantees?
American Debt Foundation is one of the few companies in this industry to
offer a 30 day money back guarantee.
How much is American Debt Foundation's debt settlement program going to
cost me?
Our professional debt consultants will work with you to create a
customized payment plan according to your financial situation. Our fees
are a percentage of the total amount you owe.
Why would my creditors accept less than the full amount I owe?
Your creditors prefer to collect the full amount you owe; however, they
know that if you file bankruptcy, they may receive no payment at all.
Creditors are usually open to debt settlement once they recognize that
you are facing significant financial hardships and are trying to avoid
bankruptcy. Your creditors would rather accept a lump sum payment of 50%
of your debt than risk getting nothing at all.
Can I be sued by my creditors while enrolled in your program?
We do everything in our power to negotiate a mutually agreeable
settlement, but there is the possibility a creditor can take legal
action to get you to pay. This usually happens when creditors think they
can recover the full amount you owe through the courts. We are not a law
firm and we recommend you speak with a licensed attorney in your state
for more information.
How will debt settlement affect my credit?
Debt settlement can have a negative impact on your credit.
However, debt settlement can also get you out of debt faster than many
other debt relief options so you can begin rebuilding your credit
sooner. If you are already behind on payments, or you might be shortly,
your credit is already impaired - you have too much debt compared to
your income. This is known as a high debt-to-income ratio. To be
considered credit-worthy again, you must drastically reduce or eliminate
your debt, thereby reducing your debt-to-income ratio.
Remember, you can always rebuild your credit and it's much easier to
rebuild your credit without the burden of overwhelming debt or a
bankruptcy mark on your credit report.
Once I've enrolled in American Debt Foundation's debt settlement
program, who maintains control of my finances?
You maintain control of your finances. Instead of paying us or your
creditors, you deposit money into a third-party savings account every
month. When enough money accrues and your creditors are ready to settle,
the money from that account goes toward your settlement. Because you
ultimately maintain control of your finances, your commitment is
essential to the success of your program.
What if I need to cancel the program?
You can cancel the program and withdrawal the money in your set-aside
account at any time. We do not have a long term commitment, so you are
under no contractual obligation to stay if you decide the program is not
right for you. You will not be charged any penalty fees, closing fees or
any other hidden charges.
Does everyone qualify for American Debt Foundation's debt settlement
program?
Not everyone qualifies for debt settlement. Debt settlement is an
alternative to bankruptcy for people with overwhelming debt who have
endured personal or financial hardships that prevent them from repaying
their creditors.
What types of debt does American Debt Foundation settle?
There are generally two types of debt: unsecured and secured. Secured
debt is backed by collateral such as a house or a car. American Debt
Foundation cannot settle secured debts because creditors can simply
repossess the assets if you fall behind in payments. Unsecured debt is
not backed, or secured, by collateral and therefore it can be
negotiated. Unsecured debts include credit card debt, medical bills,
repossessions, etc.
American Debt
Foundation
http://www.americandebtfoundation.com
Debt Consolidation
Call Us Today For A Free Debt Consolidation Quote!
1(866)411-3328-
1(866)411-DEBT
Debt Consolidation
If you are OVERWHELMED, and need to regain peace of mind NOW,
let us HELP! Get your FREE Consultation TODAY by our non-profit
organization! Click
here to visit our web site and find
Debt Consolidation
Loan information.
Are you in
debt way over your head? Then you know
what it's like when you receive a phone call from creditors if you're
only a month behind, right? Then they send you to collections whom then
calls you every day and on the weekends. Does this sound familiar?
Or are you in debt, pay your
bills on time, but you feel that it's going to take 50 years to finally
get out of debt! Well, you're not alone.
Did you know that you can
get out of debt
two times faster and for free? Yes, it is true. We are the nation's top
rated debt consolidation company. We are familiar with the struggle and
stress that goes into being in debt. We understand the pain and
disappointment that you may have related to being in debt.
Well, stop stressing and put
your creditors in their tracks! By filling out our simple and short
form, we can immediately have a
professional consolidation loan expert
help set all of your bills into one simple payment and lower interest.
Let's face it. The toughest
part is making the first move and that is just a short form away. By
filling out our information request form, you'll have peace of mind
knowing that you made the right decision. Should we say congratulations
now knowing that you are going to make the ultimate right financial
decision that you have ever made?
We promise that within a couple
months, you'll notice that you are on top of things financially and you
can relax and enjoy your life rather than worrying about it.
So go ahead. Pat yourself on
the back and fill out our simple contact information form and we'll have
a professional consolidation loan expert contact you immediately!
Click
here to visit our web site and find
Debt Consolidation
American Debt
Foundation
http://www.americandebtfoundation.com
Few high schools and colleges offer even a rudimentary course on how to
budget money and use credit wisely, so it is no wonder so many people
get in over their heads when it comes to credit cards and other consumer
loans. It is all too easy to just sign your name for every purchase and
forget about the inevitable bill.
The huge rise in levels of consumer debt has created a virtual cottage
industry in Debt Consolidation services. These services seek to help
consumers dig themselves out of their credit card debt and stand on
solid financial footing once again. The best Debt Consolidation services
do far more than help consumers reduce and eliminate their current debt.
A good Debt Consolidation service will help those consumers to learn
about budgeting and financial planning. Only by learning good budgeting
and spending skills can a consumer be assured that he or she will not
fall back into the credit card trap.
Debt Consolidation firms work with creditors on the behalf of consumers.
They are often able to negotiate friendlier repayment terms than the
individual can work out on their own. For instance, a credit card
company may be willing to lower your interest rate substantially to make
sure you are able to repay the balance you owe. In some cases, the bank
may even be willing to accept a lesser amount than what you owe. After
all, it is in the bank’s best interest as well as your own to keep you
out of bankruptcy court.
Debt Consolidation companies have experience negotiating these kinds of
deals. They often have contacts within the major banks and credit card
companies. They are able to use these contacts to get deals unobtainable
by the consumer working on their own.
As important as it is, paying off current debt is only part of the
problem, and it should be only part of the solution offered by a
legitimate Debt Consolidation company. It is just as important for a
Debt Consolidation firm to offer credit counseling services and budget
courses to their clients. When shopping for a Debt Consolidation
company, be sure to inquire about these kinds of services. A Debt
Consolidation company that offers extensive credit counseling and
budgeting services can
help you to remain debt free.
Learning to budget your money is one of the most important financial
skills there is. Unfortunately, this vital life skill is all but ignored
in the school system today, and even most colleges devote precious
little time to this subject. No matter how much or how little money you
make, it is absolutely essential that every consumer learn how to live
within their means and budget their money properly. A good Debt
Consolidation company will understand the importance of this skill to
your long term
financial well being and will devote the time necessary to help every
client prepare and stick to a good budget. The bottom line is that Debt
Consolidation can help when consumers get into trouble, but it is vital
to choose a Debt Consolidation firm that has your best interests at
heart. The best Debt Consolidation firms work hard to not only eliminate
current debt for
their clients, but also ensure that they do not incur further debt.
American Debt Foundation, Inc.
Debt settlement is a form of debt relief that can assist you in
overcoming the burden of overwhelming debt in less time and for less
money than other debt relief options.
On average, consumers who complete the American Debt Foundation's debt
settlement program do so in 3 to 5 years and generally pay less than
half of the balance owed.* That amount typically includes any interest
charges, late fees, and the debt settlement company's fees.
American Debt Foundation's debt settlement program is an alternative to
bankruptcy, which exists to assist consumers with significant debt due
to personal or medical hardships.
Too often, consumers join consumer credit counseling services in an
attempt to repay their debt, but soon find that it may have not been
their best debt relief option. Some estimates show over 75% of people
who turn to consumer credit counseling services either quit or are
dropped from the program. As a result, many clients end up filing for
bankruptcy. Debt settlement is an alternative solution for people who
legitimately cannot afford to repay their debts and are looking for an
honest way out of a debt-burdened life.
Debt settlement serves an important role in the debt relief industry
because it is not like consumer credit counseling, debt consolidation
and other debt relief options that coach you through repaying your
entire debt, even if you cannot afford to do so. Instead, debt
settlement involves negotiating with your creditors to settle your debt
for a reduced amount. This is why debt settlement is a growing debt
relief solution.
Many credit card companies have debt negotiation and settlement
departments for the specific purpose of negotiating with debt settlement
companies like American Debt Foundation. While they prefer that you
repay the entire amount you owe, creditors understand that lending
credit is a risk, and sometimes consumers experience legitimate
financial hardships that prevent them from repaying the full debt.
It is important to us that you understand the debt settlement process or
any other debt relief option you choose before committing to a program.
The following pages explain how and why the debt settlement process
works. Keep in mind that not all debt settlement companies are alike and
others may not have the same process and steps described here.
What is debt settlement?
Debt settlement is when you repay your creditors less than you owe to
satisfy your debt. People with overwhelming debt can enroll with a debt
settlement company who will negotiate with their creditors to settle
their debts for a fraction of what they owe.
In a debt settlement program, you deposit money into a savings account
each month, instead of paying your creditors. Once enough money builds
up, the company negotiates with your creditors to accept a lump sum
payment. If the creditor accepts, this agreement settles the account.
Your debt is considered paid and you can begin saving for the next
settlement offer.
What settlement results do your clients typically see?
On average, we settle our clients' debts for about 30-50% of the entire
amount owed.
How long will it take me to get out of debt?
Our program graduates are typically out of debt in 12 to 36 months.
Can American Debt Foundation help with harassing collection calls?
No company can completely stop debt collector calls. However, we ask
your creditors to contact us directly about your accounts. We also offer
specific advice for dealing with unwanted collector calls that come to
your home.
Does American Debt Foundation offer any guarantees?
American Debt Foundation is one of the few companies in this industry to
offer a 30 day money back guarantee.
How much is American Debt Foundation's debt settlement program going to
cost me?
Our professional debt consultants will work with you to create a
customized payment plan according to your financial situation. Our fees
are a percentage of the total amount you owe.
Why would my creditors accept less than the full amount I owe?
Your creditors prefer to collect the full amount you owe; however, they
know that if you file bankruptcy, they may receive no payment at all.
Creditors are usually open to debt settlement once they recognize that
you are facing significant financial hardships and are trying to avoid
bankruptcy. Your creditors would rather accept a lump sum payment of 50%
of your debt than risk getting nothing at all.
Can I be sued by my creditors while enrolled in your program?
We do everything in our power to negotiate a mutually agreeable
settlement, but there is the possibility a creditor can take legal
action to get you to pay. This usually happens when creditors think they
can recover the full amount you owe through the courts. We are not a law
firm and we recommend you speak with a licensed attorney in your state
for more information.
How will debt settlement affect my credit?
Debt settlement can have a negative impact on your credit.
However, debt settlement can also get you out of debt faster than many
other debt relief options so you can begin rebuilding your credit
sooner. If you are already behind on payments, or you might be shortly,
your credit is already impaired - you have too much debt compared to
your income. This is known as a high debt-to-income ratio. To be
considered credit-worthy again, you must drastically reduce or eliminate
your debt, thereby reducing your debt-to-income ratio.
Remember, you can always rebuild your credit and it's much easier to
rebuild your credit without the burden of overwhelming debt or a
bankruptcy mark on your credit report.
Once I've enrolled in American Debt Foundation's debt settlement
program, who maintains control of my finances?
You maintain control of your finances. Instead of paying us or your
creditors, you deposit money into a third-party savings account every
month. When enough money accrues and your creditors are ready to settle,
the money from that account goes toward your settlement. Because you
ultimately maintain control of your finances, your commitment is
essential to the success of your program.
What if I need to cancel the program?
You can cancel the program and withdrawal the money in your set-aside
account at any time. We do not have a long term commitment, so you are
under no contractual obligation to stay if you decide the program is not
right for you. You will not be charged any penalty fees, closing fees or
any other hidden charges.
Does everyone qualify for American Debt Foundation's debt settlement
program?
Not everyone qualifies for debt settlement. Debt settlement is an
alternative to bankruptcy for people with overwhelming debt who have
endured personal or financial hardships that prevent them from repaying
their creditors.
What types of debt does American Debt Foundation settle?
There are generally two types of debt: unsecured and secured. Secured
debt is backed by collateral such as a house or a car. American Debt
Foundation cannot settle secured debts because creditors can simply
repossess the assets if you fall behind in payments. Unsecured debt is
not backed, or secured, by collateral and therefore it can be
negotiated. Unsecured debts include credit card debt, medical bills,
repossessions, etc. |
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