Who are our clients?
Our clients are individuals who have decided that they want to reduce their debts of $5000 or more of unsecured debt with either one or more creditor. This person is finding it difficult to get ahead financially and at times cannot keep up with their monthly expenses. This is usually due to a change in circumstances such as divorce, health problems, reduction in pay, loss of job or other major financial problems. Some have even tried other programs which have failed them.

What types of debt can be handled by the company?
Any unsecured debts meaning credit cards, medical bills, personal loans, cell phone bills, old utility bills, repossessed car debts, department store debts, charge offs, collection accounts, judgments, professional fees.

How do I know if I am right for your help?
You simply need a desire to reduce the debt in your life and have the willingness to do so. Through our initial interview we will go over the debt reduction options available for you. If at anytime together we determine you would benefit from a different type of debt service or course of action with your debt we will make that recommendation to you. We are here to help you get on the right path and see you through to success.

Do I have to be behind on my bills for your help?
No, in fact we have a large client base with individuals who were not behind with bills. However, many of these people were barely making their minimum payment on bills each month, although they were not behind. We understand that you have bills that have to be prioritized each month including your rent/mortgage payment, food, daycare and your utilities that must be paid, with the debt help services we offer many clients find it easier to make those necessary payments when, before entering the program they were having trouble doing so.

How much does it cost?
Our debt consultation is free as well as the application process. In addition we do not charge you any up front costs you simply begin the debt program with your first scheduled payment. We get paid when we resolve one of your debt accounts during the process. The funds come from the money you already owe to the creditors so you never get additional bills sent to you from us while in the program for our debt services. Any and all fees are included in your one single monthly payment for the debt program.

How fast will I see results?
Once you are set up in the program, creditors are contacted immediately with our notification letter and authorizations and then negotiation process begins. Depending on your schedule you may see an account resolved as early as 30-60 days later.

What is my payment based on?
The amount of debt you put in to your program and how quickly you want to resolve that debt. We will provide you with payment options and you make the determination what is best for your budget based on our quotes.

Where does the money I send go each month?
Into our attorney's trust type account for safe keeping until payment to your creditors is made.

When should I consider bankruptcy?
Bankruptcy should always be a last resort in solving financial problems. Bankruptcy is a short term solution with long term ramifications. First it will appear on your credit report for 10 years. Second it may harm your future by preventing you from applying for certain jobs, state licenses and many types of loans. Our firm will not handle bankruptcy matters. We seek to help clients considering such a solution to avoid such a drastic measure. However if at all during the program you wish additional information on bankruptcy a consultation with an attorney in the firm can be made for you at no additional cost to discuss your options. We want you to be comfortable and successful resolving your debt so if your financial circumstances change, we are right there with you providing the support you need with the flexibility to make sure your debt interests are protected.

What is debt consolidation?
Debt consolidation plans involve reorganizing your outstanding debts with your existing creditors. Money is not loaned and original creditors do not change, however, the terms and conditions under which the outstanding debt can be repaid usually changes significantly.The purpose of debt consolidation is to put you on a road to paying off your debts at a faster rate while at the same time making lower monthly payments. Using a debt consolidation plan usually helps improve your credit as well, since most creditors report payments received under this plan as prompt payment.

What does it mean to default on debt?
When you default on debt, you fail to make timely payments or follow other terms of the loan. There are two types of defaults; monetary and covenant. When an owner fails to make any payment due under the mortgage, it is considered a monetary default. When the owner fails to follow through on any other terms of the loan, it is considered a covenant default.

Definitions

Secured Debt: This means the debt is secured with collateral. Examples of secured debts are; home loans, car loans, loans for specific merchandise that has been named on the loan contract as collateral, federally guaranteed student loans, or other forms of debt that are held against specific property.

Unsecured Debt: This means that the debt is not secured against any form of collateral, such as property, that can be held against the loan. Examples of unsecured debts are: credit card, lines of credit from banks or finance companies, signature loans, medical bills, bills for services, or bills that have gone to a collection agency. All of these debts can easily be resolved with our specialized debt help services.

Asset: Anything owned by an individual that has a cash value. This includes property, goods, savings or investments.

Bad Credit: A term used to describe a poor credit rating. Common practices that can damage a credit rating include making late payments, skipping payments, exceeding card limits or declaring bankruptcy. "Bad Credit" can result in being denied credit.

Balance: The total amount of money owed. It includes any unpaid balance from the previous month, new purchases, cash advances, and any charges such as an annual fee, late fee or interest. The balance should not be confused with the monthly payment (the minimum payment allowed each month), which is generally 2% - 5% for revolving credit cards.

Beacon Score: This is your credit score that creditors look at when determining if you are credit worthy. Your Beacon Score is determined by negative entries such as late payments which would decrease your score or a positive, timely payment history on your accounts which would increase your score.

Billing Cycle: The number of days between statement dates. This is generally about 25 days.

Cosigner: Another person who signs for a loan and assumes equal liability for it.

Credit: The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt.

Credit Worthiness: A creditor's measure of a consumer's past and future ability and willingness to repay debts.

Credit Card: Any card, plate, or coupon book that may be used repeatedly to borrow money or buy goods and services on credit.

Credit History: A record of how a person has borrowed and repaid debts.

Default: Failure to meet the terms of a credit agreement.

Discharge: A legal term meaning a court has erased your debt(s) not to be confused with a "charge off" or "write off" which is an accounting term which does not erase debts.

Finance Charge: The total dollar amount paid to get credit.

Lien: A notice a creditor attaches to your property that tells the world that you owe the creditor money. You cannot sell the property without paying off the creditor because the lien makes the "title" (history of ownership) cloudy and a new owner won't buy under those conditions.

Overdraft Checking Account: A checking account associated with a line of credit that allows a person to write checks for more than the actual balance in the account, with a finance charge on the overdraft.

Security Interest: The creditor's right to take property or a portion of property offered as security.

Statement: The monthly bill from a credit card issuer that describes and summarizes the activity on an account. A statement includes the outstanding balance, purchases, payments, credits, finance charges and other transactions for the month.