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Q: What types of accounts can be most effectively disputed?
A: Unsecured lines of credit such as credit cards and signature loans along with medical bills and automobile/truck/motorcycle/RV/ jet ski and ATV deficiency balances. A deficiency balance occurs when the original vehicle is repossessed and the lender who issued your loan sells the vehicle at auction. The difference between the outstanding loan and the amount the lender re-sold the vehicle for is considered the deficiency balance.
Q: Do you help with private student loans?
A: Yes you may be able to get rid of your private student loans for less than what you currently owe. Many borrowers who are in default on private student loans face an uphill battle in reducing their private student loan balance, as well as dealing with undue harassment from collectors. We here at Credit Resolve can assist you with the information necessary to determine if you are eligible to have both circumstances alleviated.
Q: What are the consequences of me not having the ability to pay my debt?
A: Borrowers face lawsuits, judgements, and the seizing of personal property. Also when a Co-Signer for the debt, the Co-Signer can potentially face property lien on a primary residence as well.
Q: Can you give a brief explanation of the programs option available to me?
A: Debt Resolution This process, designed by a Harvard law professor, has been successful for over 13 years. It focuses on incorporating laws that force third party debt collectors to back off and not get any more money from you. In addition, there are no tax implications as a result of this program. It stalls all collection activity including lawsuits. A creditor cannot sue you while you are attempting this process and it has a Credit Restoration process at the end to fix any of your credit issues that are associated with the debt.
Debt Settlement is a method of negotiating a lower payoff amount than is currently owed for debt balances. Debt settlement programs collect a monthly payment from consumers that is held and accumulates in an escrow account until the funds reach an amount high enough to negotiate a settlement with a creditor. 1099s are issued to the consumer for unpaid portion of the balances. Debt settlement companies also keep any interest that may have accrued on the client’s funds as they accumulate.
Credit Counseling is a program where you will make one monthly payment for all your creditors through a service provider that has lower pre-negotiated fixed rates with your creditors. Typically the rates are between 0% and 9.9%, so you will be paying back much less interest. 90% of the time however, the client will not see a reduction in payment. It is a program for some one who can afford to keep making their minimum monthly payments.
Bankruptcy is typically used as a last resort option and after all other options are exhausted. Call us and we will talk about the other options you have and if it gets to that point, we have bankruptcy options available for you.
A: Unsecured lines of credit such as credit cards and signature loans along with medical bills and automobile/truck/motorcycle/RV/ jet ski and ATV deficiency balances. A deficiency balance occurs when the original vehicle is repossessed and the lender who issued your loan sells the vehicle at auction. The difference between the outstanding loan and the amount the lender re-sold the vehicle for is considered the deficiency balance.
Q: Do you help with private student loans?
A: Yes you may be able to get rid of your private student loans for less than what you currently owe. Many borrowers who are in default on private student loans face an uphill battle in reducing their private student loan balance, as well as dealing with undue harassment from collectors. We here at Credit Resolve can assist you with the information necessary to determine if you are eligible to have both circumstances alleviated.
Q: What are the consequences of me not having the ability to pay my debt?
A: Borrowers face lawsuits, judgements, and the seizing of personal property. Also when a Co-Signer for the debt, the Co-Signer can potentially face property lien on a primary residence as well.
Q: Can you give a brief explanation of the programs option available to me?
A: Debt Resolution This process, designed by a Harvard law professor, has been successful for over 13 years. It focuses on incorporating laws that force third party debt collectors to back off and not get any more money from you. In addition, there are no tax implications as a result of this program. It stalls all collection activity including lawsuits. A creditor cannot sue you while you are attempting this process and it has a Credit Restoration process at the end to fix any of your credit issues that are associated with the debt.
Debt Settlement is a method of negotiating a lower payoff amount than is currently owed for debt balances. Debt settlement programs collect a monthly payment from consumers that is held and accumulates in an escrow account until the funds reach an amount high enough to negotiate a settlement with a creditor. 1099s are issued to the consumer for unpaid portion of the balances. Debt settlement companies also keep any interest that may have accrued on the client’s funds as they accumulate.
Credit Counseling is a program where you will make one monthly payment for all your creditors through a service provider that has lower pre-negotiated fixed rates with your creditors. Typically the rates are between 0% and 9.9%, so you will be paying back much less interest. 90% of the time however, the client will not see a reduction in payment. It is a program for some one who can afford to keep making their minimum monthly payments.
Bankruptcy is typically used as a last resort option and after all other options are exhausted. Call us and we will talk about the other options you have and if it gets to that point, we have bankruptcy options available for you.
