Q. What can I expect from your company?

A. We work for YOU. We do not work for the creditors. It allows us to negotiate your debt, to ensure your interests are served and to not be under the adverse influence of a creditor.

Q. What can your program do for me?

A. If you have had a Hardship or Setback, your unsecured debts may be settled at a significant discount. Our program is designed for people who are unable or struggling to meet the minimum monthly payment requirements to their creditors due to some type of hardship and who are looking for an option other than bankruptcy.

Q. Does your company personally provide this service or do you sell leads to other companies?

A. We personally handle your debts. We are not a lead-generating company that sells leads to other companies.

Q. What debts are included in your program?

A. "Unsecured" debt, meaning a debt that is not secured with collateral, are the types of debts we negotiate. These debts include credit cards, medical and legal bills, judgements, unsecured or personal loans of any type, retail debt, and collections.
Our program does not cover debts such as: home mortgages; automobile, motorcycle, boat, airplane and motorhomes before repossession; IRS tax liens; government-backed student loans; child support and alimony.

Q. I have found that some companies charge a considerable monthly fee for their services. This concerns me since there is no real incentive for them to end my debts. How does your company charge for its service?

A. Our program is set up with the incentive for us to end your debts. The majority of all money paid to us as fees is based upon the savings we negotiate for you. Settling client's debts quickly are in both of our best interests.

Q. How much does your program cost?

A. Generally one ends up paying less than 60 cents for every dollar owed (with interest usually 30 cents, or less) saving 60% or more.

Q. Should I communicate with my creditors?

A. All of your creditors will be sent a letter informing them that we have the Power of Attorney that you signed, appointing us as your representative. This is the first step in the process of eventually settling your accounts. Once contacted in writing, your creditors are supposed to then call us. We also give you a special telephone number for them to call, should they call you. If they persist, there are further steps that we will take as your representative.

Q. Will your program stop legal action against me?

A. Despite any legal action that may or may not be taken, your account can and will be settled before, during or after the suit. Just because an account goes legal does not mean that we cannot settle it. The threat of legal can be the scariest of all, but IT CAN BE HANDLED.

Q. What if I'm sued and they get a Judgement?

A. Here's some facts; Right now in the United States there is between 200 and 300 billion dollars of uncollected Money Judgment debt. The court does not require the loser to pay. The court will not even help collect. Very few people know how to find these assets or what to do when they are found. The result is that millions of Judgments are just sitting in files. "Four of five winners of a Judgment never see a dime."
We negotiate all unsecured debts, which include judgements, often settling for pennies on the dollar. Regardless of what stage of collections a debt is in, it can be negotiated.

Q. How does this affect my credit rating?

A. Your credit is already compromised, before coming into this program. Even if you have a perfect payment record, your income-to-debt ratio is too high. And this is the very first thing a creditor will look at: Can their income support more debt? By the time you are done with your program, you will be able to get more credit. Why? Because you have handled your debts! Your income-to-debt ratio is okay.

Q. Are there tax consequences of a successful settlement?

A. Sometimes a creditor will send a 1099 statement for the amount they have written off when settled. The government calls this forgiveness of debt income. Most people can use this exception in the tax law, if insolvent, and do not have to pay tax on it. You should check with your own accountant to see if you qualify for this exception and refer to: www.IRS.gov Publication 908.

Section 61(a)(12) of the Internal Revenue Code provides that gross income includes "income from discharge of indebtedness." However, exceptions are provided in §108, which excludes from gross income any cancellation of debt (COD) if, among other reasons: The cancellation results from a discharge that occurs in a Title 11 case, or The cancellation that occurs when the taxpayer is insolvent.