FAQs
Deciding to tackle a debt problem is a step in the right direction. You probably have some questions about how it works. Here are some of the more common question our clients have at the beginning of the process.
FAQs
Deciding to tackle a debt problem is a step in the right direction. You probably have some questions about how it works. Here are some of the more common question our clients have at the beginning of the process.
Frequently Asked Questions
There are ABSOLUTELY NO up-front fees. We only charge a flat performance-based fee once a settlement is reached that you approve. In other words, you pay nothing until we start saving you money. We will not charge you any fee if we have no involvement in a particular settlement, such as when you receive an unsolicited 1099 writing your debt off to zero dollars.
We recognize that everyone’s finances are unique. The length of time needed to complete the program varies, depending on your individual financial situation, predicated on the extent of your debt, income and particulars of your hardship. Typically, this means a program will take 18-60 months to reach your goals.
Not nearly as much as falling farther behind with your payments, or trying to otherwise ignore or avoid your financial commitment. Generally, the sooner you take action and become enrolled in Debt Settlement Program, the better you can protect your future financial health.
Debt settlement will settle your debts and pay the balance down to zero. Once you have completed your program successfully, we will refer you to a credit repair company. This company is not affiliated with US Financial Relief and works independently to repair the damage to your credit and raise your score. (Please note: there may be an additional fee for credit repair services.)
Debt consolidation programs combine all your outstanding debt into one new loan and sometimes require you to secure the loan. You will still be required to pay the entire principal amount of your debt plus the interest on the new loan.
Debt Settlement, on the other hand, uses techniques to greatly reduce the balance of your debt, allowing you to pay a smaller sum than what you are currently paying.
All accounts that are included in a Debt Settlement Program cannot be used for future purchases.
Debt Settlement, on the other hand, uses techniques to greatly reduce the balance of your debt, allowing you to pay a smaller sum than what you are currently paying.
We normally recommend enrolling all unsecured debt to help you get on the path to financial freedom quicker. The decision to resolve all or some of your debt is totally up to you. We are here to help you decide what strategies are best for you.
There are two different type of Bankruptcies;
1- Chapter 7: Qualifications for chapter 7 bankruptcy is extremely difficult. Based on national average only 10% of consumers file for chapter 7 will be qualified. Under chapter 7 Bankruptcy all of your debt will be bankrupted.
2 – Chapter 13: Under chapter 13 is a restructure of your debt. Under this program you will need to pay back the entire balance of what you owe plus a fixed interest rate. Percentage of consumers completing Chapter 13 is less than 5%.
Filing bankruptcy can have long term effects on your credit and can impact your ability to apply for new credit or in some cases, employment. Bankruptcy does not always go away after 7-10 years, as some bankruptcy attorneys may claim. For example, nearly all credit applications ask if you have ever filed for bankruptcy in the past. There are also costly court and attorney fees that accompany the filing process. Finally, depending on which chapter of bankruptcy you qualify for, you may still be required to pay back all or some of your debt.
In some cases that maybe helpful to get you on the phone. There may be times when you will be required to actively participate in, or even directly communicate with a difficult creditor.
Yes — although that is possible and does happen on occasion, it’s rare. However, your creditors will likely continue collection efforts on delinquent accounts. Such collection efforts will include phone calls and letters to you, charging off an account, sending accounts to collection agencies or filing a lawsuit.
If you receive a lawsuit or in pending litigation, you should inform your US Financial Relief debt counsellor immediately so our negotiation team contact the creditor and settle it on your behalf.
Well, it’s really a matter of dollars and good sense. Creditors know that if you get into such a bad financial position that you can’t pay your monthly payments, you may decide to declare bankruptcy. In this situation, it makes more sense to them to have you settle the debt and receive some funds then lose out on everything.
Frequently Asked Questions
There are ABSOLUTELY NO up-front fees. We only charge a flat performance-based fee once a settlement is reached that you approve. In other words, you pay nothing until we start saving you money. We will not charge you any fee if we have no involvement in a particular settlement, such as when you receive an unsolicited 1099 writing your debt off to zero dollars.
We recognize that everyone’s finances are unique. The length of time needed to complete the program varies, depending on your individual financial situation, predicated on the extent of your debt, income and particulars of your hardship. Typically, this means a program will take 18-60 months to reach your goals.
Not nearly as much as falling farther behind with your payments, or trying to otherwise ignore or avoid your financial commitment. Generally, the sooner you take action and become enrolled in Debt Settlement Program, the better you can protect your future financial health.
Debt settlement will settle your debts and pay the balance down to zero. Once you have completed your program successfully, we will refer you to a credit repair company. This company is not affiliated with US Financial Relief and works independently to repair the damage to your credit and raise your score. (Please note: there may be an additional fee for credit repair services.)
Debt consolidation programs combine all your outstanding debt into one new loan and sometimes require you to secure the loan. You will still be required to pay the entire principal amount of your debt plus the interest on the new loan.
Debt Settlement, on the other hand, uses techniques to greatly reduce the balance of your debt, allowing you to pay a smaller sum than what you are currently paying.
All accounts that are included in a Debt Settlement Program cannot be used for future purchases.
Debt Settlement, on the other hand, uses techniques to greatly reduce the balance of your debt, allowing you to pay a smaller sum than what you are currently paying.
We normally recommend enrolling all unsecured debt to help you get on the path to financial freedom quicker. The decision to resolve all or some of your debt is totally up to you. We are here to help you decide what strategies are best for you.
There are two different type of Bankruptcies;
1- Chapter 7: Qualifications for chapter 7 bankruptcy is extremely difficult. Based on national average only 10% of consumers file for chapter 7 will be qualified. Under chapter 7 Bankruptcy all of your debt will be bankrupted.
2 – Chapter 13: Under chapter 13 is a restructure of your debt. Under this program you will need to pay back the entire balance of what you owe plus a fixed interest rate. Percentage of consumers completing Chapter 13 is less than 5%.
Filing bankruptcy can have long term effects on your credit and can impact your ability to apply for new credit or in some cases, employment. Bankruptcy does not always go away after 7-10 years, as some bankruptcy attorneys may claim. For example, nearly all credit applications ask if you have ever filed for bankruptcy in the past. There are also costly court and attorney fees that accompany the filing process. Finally, depending on which chapter of bankruptcy you qualify for, you may still be required to pay back all or some of your debt.
In some cases that maybe helpful to get you on the phone. There may be times when you will be required to actively participate in, or even directly communicate with a difficult creditor.
Yes — although that is possible and does happen on occasion, it’s rare. However, your creditors will likely continue collection efforts on delinquent accounts. Such collection efforts will include phone calls and letters to you, charging off an account, sending accounts to collection agencies or filing a lawsuit.
If you receive a lawsuit or in pending litigation, you should inform your US Financial Relief debt counsellor immediately so our negotiation team contact the creditor and settle it on your behalf.
Well, it’s really a matter of dollars and good sense. Creditors know that if you get into such a bad financial position that you can’t pay your monthly payments, you may decide to declare bankruptcy. In this situation, it makes more sense to them to have you settle the debt and receive some funds then lose out on everything.
Take control of your debt!
We hope you have more questions, because we are ready to help you answer all of them. Give us a call today and we’ll help you wrap your head around the process and get you started.
1-800-555-555
Request a Callback
We’ll give you a call to discuss the best debt relief options:
Take control of your debt!
We hope you have more questions, because we are ready to help you answer all of them. Give us a call today and we’ll help you wrap your head around the process and get you started.
- 1-866-504-1098
Request a Callback
We’ll give you a call to discuss the best debt relief options: