Debt Relief | Debt reduction | Debt consolidation
These programs are very popular right now.  Odds are you’ve heard or seen a commercial for them.  Choice Title, Inc. and Debt Relief Center, Inc. offer you a debt settlement option, and we will be happy to discuss a game plan to help you.
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What is DEBT RELIEF?
Debt relief is a way to actually get out of debt rather than simply keeping it at bay.  We renegotiate your debt with your creditors in order to minimize what you owe.  Generally, your overall debt can be reduced from 40-55%.  You can lower your payments from what you pay now AND be completely out of debt in 4 years or fewer.
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How does DEBT RELIEF work?
In this market, many people have overwhelming credit card debt. Creditors who lend you this money are exposed to billions and billions of dollars and they are counting on collecting.  When you are unable to pay your bills, it gets the attention of the creditors.  They start to worry, “Am I going to get paid?” What are the creditors options, going to a collection agency?  Collection agencies only get ten cents on the dollar.  Working with debt relief they get much more than that.  We simply pool many people with similar debt and package it together.  We then offer to settle the debt for much less than what is actually owed.   When the debt of thousands is pooled together, they are much more apt to make a concession.  After all, they want to get as much money as possible of what is owed to them.
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What are the RISKS OF DEBT RELIEF?
You might be thinking that this seems too easy.  Why shouldn’t I just call up my credit card company and tell them I want to renegotiate what I owe!  Well, if you’re currently paying your bills on time, the creditors have no reason to renegotiate with you.  The only way they start to listen is if you have NOT been making your payments…and even then, they want to offer you near the discount that a larger relief company can offer.   **I am not encouraging you to stop making payments. In fact, i recommend you do everything possible to pay your bills on time and avoid a Debt settlement/relief program.  Once you have exhausted your options, only then am I suggesting you consider this debt program.  Being late on or missing payments is frowned upon.  Creditors will report this to the credit bureaus and it will show up on your credit report.  Your scores will definitely go down for a while.   
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What are the BENEFITS OF DEBT RELIEF?
While your scores may go down for a while, it’s much better AND CHEAPER than declaring bankruptcy.  Bankruptcy will stick with you for SEVEN+ years and tarnish your ability to buy a home for THREE YEARS.  If you are having great difficulty with your bills currently, what would it gain you to keep your current credit scores intact?  The answer: Not much.  Good credit allows you the opportunity to gain more credit for things you’ve already proven you can’t afford.  What’s the point of that? Have you ever noticed that when you make the minimum payments that your balance barely declines?  Debt relief will eliminate your debt.  It will also be done by paying less than what you pay now.  So not only do you get instant relief on your current monthly outlay, but your debt is eliminated.
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I’m available to talk with you. 
Contact me today to learn more about whether this makes sense for you.
888-475-0700 x139, bobkearns@choicefinance.net
     Bob Kearns of Choice Finance

Tags: Maryland consolidate credit card debt payments, What if I can't refinance?

This entry was posted on Wednesday, November 19th, 2008 at 11:45 am and is filed under 1) Questions for Loan Officer, 2) General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.