FIRST: Here is our program:
1-You will have legal representation, not a company backed by lawyers.
2-You will not pay any money until you have a face to face meeting
with a Law firm representative at a time and place of your choosing.
3-If you are subpoened by a creditor you will have Legal representation.
4-You will have free enrollment into our FDCPA Creditor Harrassment Program
Accounts Which Qualify For the Debt Settlement Program:
Credit Cards, Department Store Cards, Repossessed Car Loans, Medical Bills (when in colection)
Closed Ended Loans (One time loans), Pay Day Loans and Cash Call, Business Loans,
Judgements which are no longer secured, Utilities in collections and no longer at address.
LISTEN TO OUR RADIO BROADCAST WHICH DISCUSSES THE SETTLEMENT PROGRAM OFFERED THROUGH AERICAN DEBT ENDERS IN DETAIL.
GENERAL Information About Debt Settlements You Should Know
If you are looking for a magic bullet to or quick fix to end your debt problems, you have come to the wrong place. Quick fixes are generally scams. If you are really serious about becomming debt free, and are prepared to follow through,
then let us explain why Debt Settlements combined with a Debt Restructure Program could be your answer.
Federal regulations have finally brought a level of transparency to the debt settlement industry.
While debt settlements are not for everyone, nor are they the only solution to a debt crises, they can be extremely effective.
If The Debt Settlements Option is your best option, then we believe we have the Best and most Unique FTC compliant Program available anywhere.
THE FOLLOWING IS TO HIGHLIGHT THE DIFFERENCES BETWEEN DEBT SETTLEMENTS WITH DEBT RESTRUCTURE AND OTHER TYPES OF PROGRAMS
Their are multiple types of Credit Card Debt Settlement Models.
THEY ARE ALL NO UPFRONT FEE PROGRAMS AS DICTATED BY FTC REGULATIONS AND ARE AS FOLLOWS:
1-A Simple Negotiation Program Overseen By Attorneys.
In this model the program length is laid out in advace and determines the monthly payments. The longer the program
the lower the payments. Fees generally run about 20% of the enrolled debt. In this type of program their is no Attorney representation as such if you are sued by a creditor.
However, the Law Firm will file an answer and instruct you the client on how and where to file it, all the while they will be attempting to settle the debt you were sued on.
Also, in this type of program your monthly payment is paid to a 3rd party escrow company account, and used to make the settlements. You are not charged any fees until a settlement is made.
For example, if you have 4 credit cards, and one is settled, then 25% of the fee is payable from the escrow account.
2-A Negotiation Program In Which You Actually Hire Attorneys To Represent You.
In this type of program you must meet face to face with the Law Firm, and a portion of each months payment is used to pay the legal fees.
Again, in this model you ARE ACTUALLY HIRING aTTORNEYS TO REPRESENT YOU, if you are sued they will file the anser and go to court, not you.
Obviosly, in this model, it takes slightly longer for the money for debt settlements to accumulate.
NOTE: In Each model their is also the possibility for what are called term settlements, in which an agreed upon amount per month is taken from ther escrow account and sent to the creditor,
who agrees not to sue.
A Debt Restructure Settlement Program In Which Your Debts Are Settled And Purchased From Your Creditors On Your Behalf.
How It Works:
Your Debts are settled by a 3rd Party Debt Buyer, for much less than what you owe.
If you agree to the settlement amount, the Debt Buyer buys the Debt from your creditor, in one payment.
The Debt Buyer is paid back in affordable monthly payments, which you agree to at the start of the program.
HERE ARE THE BENEFITS:
Your Debts are Settled much faster than conventional Settlement Programs.
Your Monthly payment is placed in an escrow account with Noteworld, Inc., You control the account.
You receive Full in person Legal Protection, if you are sued before Debts are purchased, and settled.
The collector then reports your debt "settled or paid as agreed" and you pay back the debt buyer in affordable monthly payments.
This program accelerates debt settlements because collectors love when accounts are settled for cash, and make lower debt settlements.
If the Legal Representation is not used--You receive a Refund when you complete the Program!.
The entire Settlements program is Software Based, and you have access to monitor it, 24/7.
DO THE SETTLEMENTS / RESTRUCTURE PROGRAM COME WITH ANY GUARANTEE?
YES! your counselor has this information.
You get a clearly written agreement which fully explaines the fees and services.
Each program is customized for your individual situation,and budget, insuring the best chances of success.
After your agreeent is submitted it will be reviewed by an underwriter, who will verify that you are qualified.
After examining your situation, if they do not believe their representation and debt settlement services are right for you, they will not accept you as a client.
FOR A FREE SETTLEMENT QUOTE EMAIL US AT:. Help@americandebtenders.com or visit: www.americandebtenders.com/startnow.html
OR: Click The LIVE CHAT BUTTON on the Left.
We always advise our clients to read the entire agreement and seek legal counsel if necessary. More Advantages:
• Debt can be settled in a relatively short time frame.
• You will save thousands of dollars in this personal debt settlement program.
• Your monthly payments WILL drop dramatically.
• You make one consolidated payment per month.
• You will no longer be fighting your battle alone.
• These are legitimate programs -We cannot tell you that your creditor calls will stop, but you will be advised on how to handle them.
• The Program goes to work for you as soon as you make your first payment.
NOTE: A Device has been developed to stop unwanted phone calls. It is called "Call Guard". Any number entered into it
will cause the caller to receive constant ringing, but the phone will not ring on the users phone. This is an excellent
way to stop annoying and embarrasing creditor calls. When you enroll in our Debt Settlement program, we will pay for
the first 3 months rental of this device. Click on the call guard banner to learn more, or ask your counselor. IF YOU HAVE MORE QUESTIONS, PLEASE CONTACT US.Help@americandebtenders.com or visit: www.americandebtenders.com/startnow.html
Types of Unsecured debts which may be put into this program are: Bank Credit Card Debts, Store Card Credit Card Debts, Credit Union Credit Card Debt, Medical Bills.
The debt settlement program will only accept you if you have $10,000 or more in unsecured credit card debt.
If you are in collections,cannot afford your current payments, are either not a candidate or are unwilling to file a bankruptcy, you may be the ideal candidate for this program. Call us to learn more.
Disadvantages to Debt Settlement:
1. Your credit will be affected in a negative manner. This type of item will remain on your credit report for a number of years. However, an account indicated as "settled as agreed" is far less damaging than an open charge off. Consumers still opt for debt settlement because they find it preferable to bankruptcy. Usually, the way it is reported on your credit record involves the words "Settled" or "Settled as Agreed" or "Paid as Agreed". However, all the late payments may remain on your credit report until the statute of limitations runs out. At that point, credit repair might help to remove the negative marks if the reporting creditor fails to provide documented proof to the reporting agency.
2. Your creditors may continue to harass you throughout the process of negotiations and you may be sued or even garnished. However, you can only be garnished by one creditor at a time and in some states, you cannot be garnished at all. We have provided Legal Resource Information on this site to give you more information on dealing with this issue.
3. Most debt settlement programs will only accept you if you have $10,000 or more in unsecured Credit Card Debt
Call us to learn more.
This personal debt settlementoption should only be selected when you know that you cannot afford debt consolidation and you do not wish to file bankruptcy.
Do I have To Pay Taxes on money saved in a debt settlement?
The answer is, not necessarily. Usually, as accounts are settled your financial position will take time to recover.
If you can show that this is the case, then you can have your accountant fill out form IRS Form 982
which is a form which has been created just for this purpose.
This information is subject to periodic updating. It should not be relied upon and is not intended to replace any legal advice. If you need legal advice please consult an attorney.
ARTICLES ABOUT DEBT SETTLEMENTS
Get Double Protection With This Debt Settlement Program
One of the negatives of enrolling in a
debt settlement program is the fact that even
with Attorney representation no one can guarantee
that there will not be creditor abuses.
To often even when debt collectors are notified
that a consumer is represented by legal counsel
they simply choose to ignore it or the information
does not filter down to the appropriate party and
violations of the Fair Debt Collection Practices Act occur,
and the debtor feels harassed.
To best way to resolve this problem
is to enroll in an FDCPRA Protection program at the
same time as enrolling in the Debt Settlement
program. A good FDCPA protection program
will actually send their own letters to the collector
advising them that they are being monitored, and that
they will not hesitate to initiate a lawsuit on the consumers
behalf for any provable violations of law. By the way, these violations
are worth up to 1000.00 dollars per occurrence, and the Collection
Protection company will split the recovery with the consumer.
Using this approach is very powerful, and greatly increases
the chances for success in any debt settlements program.
If you are interested in more information on this approach,
please feel free to contact Personal Debt Management
for a free credit counseling session.
Written By:
Steven Ciantro
Certified Credit Counselor
American Debt Enders
877-766-2465
help@americandebtenders.com
The Debt Settlements-Debt Restructure Option
For to many debt ridden Americans the non-profit credit card
consolidation option is simply not manageable. Banks will lower the
interest raes, yes, however, the real problem is that the monthly payments are
simply not manageable. Even though the fees for this type of personal
debt management program are low, banks have been unrelenting in their
refusal to lower monthly payments. With so many Americans underemployed,
the problem is one of cash flow. True debt help needs lower payments.
I am continually amazed at the poor advice I see provided by what I call
the "talking heads of TV land", who are constantly focused on a persons
credit report. People are losing their homes!! Wake up. The debtor must
find a solution that fits with their cash flow as it is. Relatively new bankruptcy
laws have made it impossible for to many Americans to file, so they are
left with fewer options.
Help has arrived. A relatively new software driven
debt help program has been introduced called
Debt Settlements with Debt Restructure to save the day for many.
Yes, the program is only about a year old, and like anything new
and ahead of its time some have taken a wait and see attitude, however,
after one year this powerful program is proving itself to be a lifesaver
to many Americans needing debt help.
So, how does it work? Quite genious actually. This is the
ultimate personal debt settlementTheir are essentially,
3 parties to each transaction. The Debtor consumer, the Creditor or debt collector,
and unlike traditional no up front fee debt settlements, a Debt Buyer.
Most consumers are not aware that Debt Collectors are actually debt buyer.
Yes, after 120 to 180 days of the consumers non payment of the debt, the original
creditor sells the debt for less than face value to a collection, or debt buying company.
The debt collector than begins to attempt to collect from the consumer,
at a profit. This is generally a very adverserial process.
In the Debt Restructure program a Debt Buyer has a consumer who has already
committed to an affordable monthly payment arrangement, so the Debt Buyer
can offer the collector settlements based on this consumer committment.
The new Debt Buyer, will then write a check for the full amount of the
agreed to settlement amount. Note: The consumer must approve
all settlements. The new debt buyer, has now taken the aggressive
debt collector out of the picture and collects back his money at a
generally healthy profit. Everyone wins. An additional element
to this program, is that the consumer receives full legal representation,
should they be sued by a creditor, before the Debt Buying transaction takes place.
The fee for this service is based on the debt, and also paid monthly. If
the legal service is not used, then the consumer recieved this money back, upon
completion of the program.
The consumer has 24/7 access to their program, they pay their
money into a 3rd party escrow account, which is Noteworld, inc., one
of the most notable and reputable escrow companies in the United States.
It is the client who owns the Noteworld account by seperate agreement.
If the debts are not settled, the client can get their escrow money back
in accordance with FTC guidelines.
One more element that makes this program so exciting, is that it is
possible to begin to re establish credit, or
Credit Restoration,
by using a recently available Pre Paid Credit Card, that reports to all
three credit bureaus. This is a never before available service.
The card costs 29.95 and can be used to make the clients monthly program payments,
creating a new on time trade line while the debt is being settled. Thus, helping
to re establish a positive credit profile.
Debt Settlements-The Solution To The Shrinking Dollar
Unemployment and falling home values are symptomatic
of a much more significant problem. I am sure most Americans
have already noticed, "the incredible shrinking dollar." Is it that
things are more expensive, or that your money is losing value, rapidly,
and so it takes more dollars to purchase what you have already been
purchasing. Either way, the net effect is the same.
Exactly how does this impact you the consumer? Continue Reading
Debt Settlements-Debt Reduction Software
The future of debt settlements is now.
The Debt Settlement/Debt Restructure Program is a software
based solution to personal debt settlement. Better than do it yourself
programs, because it not only offers the consumer 24/7 access
to their account, everything runs from the pass worded software access. CONTINUE READING.
Debt Settlement Strategy-Debt Settlements and The Bankruptcy Fallback
With anything you do in life, it is always
good to have a fallback plan. A debt settlement program
is no different. In a debt settlement program, even the
debt restructure option, while unlikely, it is always
a possibility that your circumstances may change. In that
case, if you can no longer continue to make your payments,
because of a new crises in your life, their is another option. CONTINUE READING.
Debt Settlements, Make Sure You Understand The Escrow Account
As of 10/2010 New FTC laws about Debt Settlement
clearly state, well, as clear as the government can be, what a
Debt Settlements Program has to do
to remain compliant. This article is here in response
to this article: Debt Settlement Article,
about an individual who lost his money in a Debt Settlement program, CONTINUE READING.
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