Copyright © 2008 State of Florida, Department of State.
|
Debt that Qualifies:
 | | Credit Cards
|  | | Store Cards
|  | | Medical Bills
|  | | Payday Loans
|  | | Hospital Bills
|  | | Gym Equipment
|  | | Unsecured Bank Loans
|  | | Autos in Repossession
|  | | Unsecured Personal Loans
|  | | Unsecured Business Lines of Credit
|  | | Business Credit Cards | | | |
|
Credit Cards
Owing a lot of credit card debt is common practice
today.
An increasing number of Americas, whether due to job
loss, major injury, or simply overspending with ever
increasing interest rates, see a large portion of their
monthly income being swallowed up by credit card
payments.
Most consumers are only able to make the minimum
payment and soon find that their balances are not
changing or even worse increasing, which causes
even more frustration and stress.
The credit card companies are part of a multi-billion
dollar a year industry and only making your minimum
payments each month helps to make that possible.
You are feeding the bottomless pit of this
country…banks.
Debt that does NOT qualify:
 | | Student Loans
|  | | Mortgage Loans
|  | | Car Loans
|  | | Taxes
|  | | Less than $10,000 in debt | | | |
|
We believe that transparency, honesty and respect for our customers will help us
grow more each day. After all, there is no better advertising than word of mouth from
satisfied customer.
Aside from debt settlement, you do have these other choices:
1) Bankruptcy: This is your last option for Debt Relief and also considered the
worst.
2) The Do it Yourself Repayment Plan: This option is not for the un-disciplined.
You will not use the advice or counsel of a debt professional.
3) Debt Management: This is where you lower your interest and waive off certain
fees and even reduce the payoff time period.
4) Debt Consolidation Loans: This is simply a consolidated single loan that
replaces your multiple debts (credit cards, unsecured loans, and medical bills) and
puts it into a manageable single payment. Problem with this one is that it ends up
costing you about twice of what you already owe.
5) Debt Settlement: With the assistance of US Debt Center, your debt is cut down
to 40-60% of the current debt you owe. This benefit of this program is that you pay off
your debt faster while saving money at the same time. The credit card companies
then usually file a "settled debt" record with the credit report agencies which is much
better than having a "bankruptcy" filed with the credit report agencies.
