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Debt That Qualifies

Credit Cards
Store Cards
Unsecured Bank Loans
Personal Loans

Non Qualified Debt

Student Loans
Mortgage Loans
Car Loans
Taxes
Less than $10,000 total

We are a Professional Debt Negotiation Company. Settle your UNSECURED Debt for MUCH less- Don't Procrastinate, Negotiate.

Find out more about our debt settlement program. You can reduce your credit card debt and start living free once again. A debt-free future requires action!

If you are only making minimum payments on $20,000 in credit card debt, at a 18.9% interest rate, it can take you over 50 years to pay it off and you could pay over $50,000 in interest.

You may be surprised to learn that credit card debt grows back 78% of the time after taking out a debt consolidation loan. Without a fundamental change in the spending habits of the consumer, a loan usually only makes things worse.

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If a you are considering Bankruptcy instead of a Debt Settlement Plan, be sure you are aware of the advantages and disadvantages of your decision. If you cannot avoid bankruptcy as an option, then you should seek legal advice from a bankruptcy attorney.

The following information is not intended to be legal advice; rather it is just an overview on the basics of the 2 most common bankruptcy types. Remember, avoiding bankruptcy presents many other alternatives to you, use them to your advantage.

There are 2 different types of consumer bankruptcy that you may consider: Chapter 7 or Chapter 13. On October 17, 2005, the bankruptcy code was revised by the “Bankruptcy Abuse Prevention and Consumer Protection Act.” [BAPCPA] This revision was intended to eliminate the option of Chapter 7 Bankruptcy for people who could afford to repay some of their debts. Now, in order to qualify for Chapter 7, your expenses will be examined using the government’s “means test” which was introduced as part of the 2005 revision to the law. This test analyzes your income and expenses using national and local living standards, and the median income for your state.

Chapter 7: “No asset” bankruptcy – You do not have to pay any portion of your debts.

  - To qualify for a Chapter 7, first a client must obtain Consumer Credit Counseling from an organization approved by the United States Trustee’s office within 180 days of filing. The counseling is intended to provide the client with alternatives to filing for bankruptcy.
  - A client must pass the “means test.” If a client has a certain amount of disposable income left monthly, then they will not qualify for Chapter 7 and will only qualify for Chapter 13.
  - Many bankruptcy attorneys require you to pay their fees up front in full before they will process your bankruptcy. Fees vary by state.
  - A bankruptcy will remain on your credit report for up to ten (10) years.

Chapter 13: “Repayment Plan” bankruptcy – You must repay a portion of your debts.

  - The court will analyze your income and expenses, and set the client up on a repayment plan with their creditors typically for 3 to 5 years or even longer.
  - The bankruptcy Trustee monitors and administrates your payment plan

In summary, if a client may not qualify for Chapter 7 based on the “means test”, a debt settlement plan could be beneficial because it will not be listed on their credit report. A Chapter 13 may be the only type a client would qualify for, and as seen above, the client will be entering into a quasi- Debt Settlement Plan anyway. Only this plan is monitored by a judge and a court of law; never mind that you will now have a bankruptcy on your record!

Our settlement averages.

This year to date:
$20,413,250 settled for
$7,464,021 = 36.56%

Last month June:
$3,673,507 settled for
$1,368,749 = 37.26%

The settlement results shown above reflect actual settlements negotiated with our customers' creditors and debt balances at the time of settlement. They do not include the fees paid by our customers for our services or the services of third party administrators.
This statement is an example of past performance and is not intended to be a guarantee of any future settlement results.

Past Months

The Current Financial Crisis Impact on Debt Settlement
Hello, America. It seems our excess has finally caught up with us. It’s not surprising that this would eventually happen. When an economy is constructed not on value, but on debt; it is virtually inevitable.

Creating a Household Budget
One of the key elements of a debt settlement program is helping you gain control of your household income. If you expect to be truly debt-free, gaining and maintaining control of your income and how you spend it must be your top priority.

What Type of Loan (is best for me)?
Lending has become a very profitable business, as evidenced by the proliferation of lending institutions as well as the emergence of different types of loans being offered, all to entice consumers and businesses to borrow money.

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