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 How
do you obtain lower payments on your
behalf ?
We have established relationships with many of the major
lending institutions and credit card companies who have agreed to either
reduce or eliminate an individuals interest charges and late fees. It
should be of interest to you that we may be able to lower your monthly
payments by as much as 50%.
Can medical and hospital bills be included in a
debt consolidation plan?
We work directly with these types of creditors on an
ongoing basis. We contact them immediately and are usually successful in
negotiating better terms, lower payments and rates.
Should I consider filing for bankruptcy instead
of joining your program? Filling bankruptcy should be your
last resort in solving your financial difficulties. Although it may help
you now, it will hurt you in the future. If you choose to file
bankruptcy, be prepared to accept the unfortunate consequences. It will
appear on your credit report for at least ten years. In addition, it can
be reported for the rest of your life when applying for certain types of
state licenses, jobs, as well as various types of loans. Before you
consider filing bankruptcy, give yourself one last chance to obtain
financial freedom.
Why
shouldn’t I apply for a home equity loan or debt consolidation loan to
pay off my creditors? Most
people like this idea, as they receive a check to pay off all their
creditors almost immediately. In addition they are told that the
interest payments are deductible.
What
these companies don’t tell you is as follows:
A very large majority of people who apply for these types of loans end
up in deeper financial trouble than they were before. The reason this
happens is because these loans do not reduce the amount you owe. In
addition, you jeopardize your two most valuable assets - your house and
your family. It won’t be long before your credit cards are maxed out
to their limit once again. The only difference is that this time you
will have two types of loans to pay off: your credit cards and the home
equity loan. You will then be facing several unfortunate consequence
among them the possibility of bankruptcy and foreclosure.
Get
a FREE Debt Consolidation Quote NOW Online
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