If you qualify for a Chapter 7 this may be an option for you. Many of our customers although qualifying for bankruptcy choose settlement simply because a bankruptcy filing is more detrimental to your credit history. Bankruptcy remain on your credit reports from 7 to 10 years after the bankruptcy filling has been discharged.  Many credit and job applications today ask, "Have you ever filed bankruptcy?"

Anything other than paying your debt timely and in full will have a negative impact on credit. Each case is different, depending on lenders, auto and house payment history, debt-to-income ratio, and countless other factors. Typically, your report will have paid/settled upon completion of your program. Until then, it will show payment late or delinquent. Is credit history more important to you than affording your living expenses? If you have the money pay off your creditors, if you do not have the money I can tailor a program to meet your budget and help you avoid bankruptcy. Do you want to learn more? Depends on how long you have been delinquent or if you have never been late. Creditors begin reporting your accounts as a late, delinquent, charged-off or past due balance whether or not you have enrolled in a Debt Reduction Plan. In short, anything other than paying all of your bills ON time and IN FULL will adverse effect on your credit reports and credit score. Great news, is after successfully completing your settlements, your Debt to Income Ratio will be improved AND the creditor may report that the account was settled, settled in full, paid as agreed or something similar and there will not show any 3rd party intervention on your credit report.

Yes. It is certainly legal to reach a settlement of any debt. And the agreement we make is binding on the creditor.

No. With credit counseling, you must pay back all of your debt plus interest. While they will reduce the interest rates from say 20% to about 8 or 9%, you still pay interest. With consumer credit counseling, you have to pay back 100% of what you owe. With debt negotiation, you pay back a fraction of what you owe.

Also, Consumer Credit Counselors are paid by the creditors so they are really working for them and not you.

Like anything, you can do it yourself. But there are many reasons you may prefer to have us negotiate your debts. For one, this is all we do. Experience pays. We have the experience to handle your creditors effectively so we can get you the lowest available settlement. We know the rules they must abide by, so they cannot use tactics on us that they may use on a consumer. We know what to say, and what information to withhold to achieve a maximum savings. Often, when a consumer tries to settle a debt themselves, they offer up information that hurts their chances of settlement. Skilled collectors are very good at getting information from consumers that will aid them in debt collection. Most collectors are masters at intimidation and guilt. They use these tricks as two of their major weapons. A collector cannot effectively use intimidation or guilt against us, so they are more likely to settle quickly and at a lower amount.

Also, we know a few other things that the average consumer is unaware of. First, we study the guidelines of each creditor, so we know before we start what their lowest offer will be. Maybe more important, we know how to prioritize which accounts get settled first so that you save the most money overall.

An unsecured debt is one that has no collateral associated with it. Examples of unsecured debts are credit cards, lines of credit, signature loans, bounced checks, deficiency balances on repossessed vehicles, and medical bills. Secured debts have collateral. Examples of secured debts include mortgages, home equity lines of credit and car loans. If you have a secured debt like a mortgage or a car loan and then you surrender the home (foreclosure) or the car (repossession) the debt is now unsecured and we can help.

Although consolidation may be a valid option, our program will normally resolve your debt in a shorter period for less money.  You could save 40 to 60 percent of your debt and be debt free in as soon as 2 years

• Credit Card Accounts                                                    
• Unsecured, non-collateralized personal loans
• Repossession overage balances
• Credit union unsecured loans and credit cards
• Apartment leases
• Mortgage "short pay" balances
• Jewelry store credit cards

The following accounts will be accepted as eligible accounts enrolled in a debt settlement program, only if in collections.

• Cell Phone Bills
• Medical Bills
• Private Student Loans
• Utility Bills