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Debt Faqs
If you need debt help, you have come to the right place.
We have a team of exerts who can suggest you more than one way to help you reach debt free.
You can choose the method which suits you the best.
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Frequently Asked Questions
Credit Card Debt Settlement Programs
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Q: What is Debt Settlement?
Ans:Debt settlement also known as debt negotiation is
reduction in debt amount, including principal and interest.
It can usually be reduced upto 40-60% of the total amount owed.
Q: Are debt settlement and debt consolidation the same?
Ans: No. Debt Settlement is negotiation with your creditor
to actually reduce the amount you owe. Whereas Debt consolidation
requires you to obtain a new loan in order to pay off your
existing debt.
Q: How long is the process?
Ans:Generally you should be debt free within 12 to 36 months.
The exact duration depends on what amount you are comfortable
paying monthly to resolve your debt. The time span and the monthly
payment will be discussed with you after we review your application.
Q: When will I pay my first monthly payment?
Ans: We start working for you immediately once you have
enroled for the project. Usually settlements may be reached
quickly, but sometime it takes more than 6 months to arrange
your settlement. The reason is we try to make the bestdeal which
is more favorable to you, which the creditors only agree as
time goes by.
Q: Will I keep getting calls from creditors?
Ans:You may receive some calls. After you are enrolled in the
program We will send out a notification to your creditors that
you are now represented by legal counsel and that all future
communication should be handled directly through our office.
If you still get a call you can direct your call to our office.
Q. What is a Secured Debt?
Ans:Secured Debt is a loan where the creditor retains a
security interest in an item of real or personal property such
as a house or an automobile. If you fall behind on payments on
this type of debt, the lender can repossess theproperty in order
to recover their loan.
9. What is an Unsecured Debt?
Ans:Unsecured Debt generally arises out of a contract you
enter into with a creditor, which enables you to obtaingoods
or services on credit in exchange for your promise to pay back
that creditor. The most common types of unsecured debt are:
credit cards, medical bills and personal loans. If you fall
behind on this type of debt, the only recourse the lender
has is legal action.
Q: What is bankruptcy?
Ans:Personal bankruptcy is a legal way to give people with
overwhelming debt a fresh financial start. We recommenedto
try debt setllement before filing Bankruptcy. Bankruptcy will
often remain on your credit report for as long as 10 years.
During this time it can be next to impossible to obtain loans
or any type of credit.
6. Why shouldn't I just file for Bankruptcy?
Ans:You should file for bankruptcy only as a last resort
and after all other methods have failed. Resolving your debt
through our Program has a more positive impact than bankruptcy
on your credit rating in the long run. Remember, bankruptcy
stays on your credit profile for up to 10 years.
Q: How do I start?
Ans: All you need to do is to fill out our form and submit
it to one of our trained professionals and you will be contacted
within 24-48 business hours.
Q: Will my information be kept confidential?
Ans: A: Yes. We will keep all your information confidential.
We are bound to maintain your confidentiality at alltimes.
Q: Why should I choose mysite?
Ans: Mysite works with the team of proffessional and experts.
We offer very good tailor made debt settlement programs. With Our
program you can save thousands of dollars and re-establish and
maintain your financial future. Our motto is to make you debt
free within a short span of time.
To get more information, fill out our FREE, no-obligation on-line
form
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| Free Debt Consolidators |
- Help You Avoid Bankruptcy
- Free Professional Consultation
- Relief from Creditor Harassment
- Affordable Low Monthly Payments
- Settle Debts for 40-60% of Balance
- Be Debt Free In 12-36 Months!
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