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Debt Settlement
Debt
negotiation and settlement can save you from bankruptcy,
and quickly turn your financial life around. Our debt
negotiation and settlement services are designed to
eliminate your debt based on your ability to pay
(including credit cards, medical bills, personal loans,
etc...), and get you debt free in 36-60
months. Follow-up credit counseling will help quickly
rebuild your credit profile, financial strength, and
your future..
Debt Settlement - Is it
for You?
When your
debts have outgrown your ability to keep up, you can
quickly find your self in a very uncomfortable
situation. Eventually, you're stuck with 4 basic
options!
This
example illustrates just how effective our debt
settlement service is, and what to expect.
-
When you are stuck in debt
that you can no
-
longer afford... you have
4 OPTIONS:
-
-
*
Based on
$20,000
in debts.
1. DO NOTHING:
Struggling
to make minimum payments will cost over 300% of
your principal of $20,000 over 10+ years ($60,000+),
or sink slowly in the quick-sand with never-ending
interest, late fees, over-limit fees, collection fees,
lawsuits, judgments, executions and liens that must be
paid before a home is bought or sold.
2. BANKRUPTCY:
"Life sentence" of higher interest rates, denied
loans, affect on employment, ability to rent, etc....
depressing. Not a very good way to reduce stress and
IMPROVE your financial strength.
(Chapter 7)
Forfeit property, court hearing, NO CREDIT, Legal and
other required fees, around
$2000, or more.
(Chapter 13)
Same
as Chapter 7 (legal and other required fees of around
$2000, or more), plus you pay what the
court orders over 5 years
($5,000-$15,000), and
your case may be dismissed if you miss a payment!
3. CCCS (Consumer
Credit Counseling Service)
(or any of
the thousands of non-profit debt consolidators)
Pay
100% of principal ($20,000), Interest (10% avg.), fees
$25 per/mo.
$460 monthly payment
(usually 2.3% of total amount owed)
60
months
to plan completion (5 yrs.)
$27,600 total paid
(debt X 140%)
ALSO: credit score
effected for 5 years; late fees can still occur; dropped
from program (no emergency flexibility) for missing a
payment with all interest added back
4. DEBT NEGOTIATION & DEBT SETTLEMENT with Freedom
Financial Law
Pay only a
fraction (40% average) of the
principal ($20,000), one simple monthly "settlement
deposit".
$361 monthly settlement deposit
(1.8% of total owed, or less )
36 months to
plan completion
$12,996 total paid
(debt X 65%), possibly less!
DURING the Settlement Process:
-
Immediate increase in available spending money
-
Collection calls handled by negotiation agent
-
Program designed to avoid litigation and/or
judgments.
-
Have emergency flexibility of payments during
program
-
After settlement, negative entries on credit report
(like lates, charge-offs, etc) are replaced with
Paid-Settled entry on report
AFTER PROGRAM: you will have established savings
habits and
-
Freed up income to save for emergencies and
purchases
-
Have Credit-worthiness (ability to repay) and prime
rates too
-
Have a higher FICO (credit score) than you started
with
Trying to hang on is not
possible, BANKRUPTCY is not desirable, and a non-profit
program may not even be do-able, or will cost over
twice as
much. The pro-active choice is to pay 2% per mo. for 33
mos. ($13,000), get debt free, and use our credit
restoration services and budget advice to further build
financial strength.
