Here are just some of the things we discovered that most creditors and collectors don't want you to know.

1. The average interest rate on delinquent credit cards is 25%!
2. A customer making minimum monthly payments on a $5000 balance at 25% interest may have over 75% of the payment applied to the interest. At that rate, it is practically impossible to get out of debt in this decade just by making the minimum monthly payments.
3. Debts delinquent for more than 120 days are often packaged with other debts and sold by the primary creditor for a significantly reduced amount.
4. Most collectors buy debt for an average of 5 to 15 cents on the dollar.
5. If a collector can get you to pay anything without a written agreement, they can apply the money any way they want. It is usually applied to interest first.

By using this information, we negotiate with your creditors to accept a lower amount than what they tell you is actually owed. If you have been a good and loyal customer, you have probably already paid more than what you have originally charged. Based on your financial hardship and payment history, we are able to negotiate on your behalf for the best settlement possible.

In addition, we ask for everything in writing before the debt is settled. We make sure the creditor sends a letter stating that the payment will fulfill the debt obligation and that they will report the account to the credit bureaus properly. We also negotiate to have the creditors and collectors report the account to the credit bureaus as, "Settled", "Paid" or "Paid as Agreed".

In cases where your relationship with the creditor has not been good, we may use alternate methods of negotiation. One method is to "reset" your account showing you as current again. As part of the "reset", we may negotiate a reasonable interest rate!

Lastly, everything we do is in writing. Every month we send letters to both you and your creditors. The letters summarize our offers to creditors with the amounts based on the program you created. The letters we send to the creditors clearly state who you are and what funds you should have available based on your personalized plan. It is this clear and documented process that separates us and our competitors and allows us to get the best debt settlements in the industry.

Stop dragging around those credit card debts, medical bills or department store charge card bills. Act now and you can avoid bankruptcy and ACHIEVE DEBT FREEDOM!