Debt negotiation and debt settlement can save you
from bankruptcy, and quickly turn your financial
life around. Our debt negotiation and counseling
services are designed to eliminate your debt
(all fees included) for about 60-65% of what you owe (eg. credit cards,
medical bills, personal loans, etc...), and get
you debt free in 18-36 months. Follow-up
credit counseling will help quickly rebuild your credit
profile, financial strength, and your future..
This example illustrates just how effective our debt
negotiation service is, and what to expect.
*
Based on
$20,000 in debts.
When
you are stuck in debt that you can no longer afford...
you have 4
OPTIONS:
.
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 & SETTLEMENT with Freedom Financial Law
Pay only a
fraction (40% average) of
the principal ($20,000), one simple monthly
"settlement deposit".
$400 monthly “settlement deposit” (2%
of total owed, or less )
33
months to plan completion (33
months)
$13,200 total paid
(debt X 66%), possibly
less!
DURING PROGRAM
-
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.
