Debt Settlement/Audit Questions & Answer

Debt Negotiation/Settlement

Question: Why is the Law Firm able to settle for so much less than other settlement companies?
Answer:  99% of existing settlement companies hire attorneys to facilitate the ultimate settlement of their client’s accounts. As a result, most settlement companies charge higher fees to cover both their own expenses and the expense of the attorneys they hire. By working with our organization, you hire the attorneys directly. As a referral service, we don’t charge the clients any fees. We are paid directly by the attorneys. Therefore you are cutting out the middle man and saving those extra costs. In addition, because of the specialized legal strategies the attorneys use, they are more effective at obtaining lower settlements for their clients. Lower settlements mean less out of pocket costs to the clients. These savings are passed on to the client. So, overall, under the model the attorneys use, the whole process runs more cost effectively.

Q: Which types of accounts can I include in a Debt Settlement program?
A: Only unsecured debts, like credit cards. The most common types of debts we see in the program are: Bank Credit Card Debt, Store Card Credit Card Debt, Credit Union Credit Card Debt, and most accounts in collections.

Q: Which types of accounts cannot be enrolled into the Debt Settlement program?
A: Primarily secured debt. The most common types of debts that are not included in the program are: Mortgages, Auto Loans, Government Issued Student Loans, and Federal, State and Local Taxes.

Q: Can you explain to me the guaranteed provided by the attorneys?    
A: Yes. The attorneys provide two separate guarantees to ensure that each client is treated fairly. The first is 100% money back guarantee if within the first 30 days you are not fully satisfied with the services. So, if for any reason you are not satisfied, you simply need to notify the attorneys in writing within the first 30 days and you will receive a full refund of any payments you have made into the program.

Q: How will this affect my credit?
A: Your Debt Free Consultant will go over your current credit rating with you and help you determine the affect our services may have on your credit report.

At the same time, your overall credit worthiness will improve at the completion of the program. You will be debt free and improve your credit eligibility.

Q: Do I have to enroll all of my cards? 
A: No, you can pick and choose the cards that you want to enroll into the Debt Negotiation process. However, you should be aware of the following: Once a card has been enrolled into the service the credit card company will cancel that card and close the account. If you have multiple cards from the same lending institution and you decide to seek relief on one, the lending institution will most likely cancel the others. If you want to keep a credit card open, it is best not to submit any other cards from the same issuer into the program.

Additionally, it is strongly recommended that you contact all creditors you have chosen not to enroll into the program and check if that would have any affect on your account.

 
Q: Does it matter that I am in collections? 
A: In most cases No. Most of the accounts that the attorneys settle are ones that are with third party debt collectors. However, if you have already made payments to the debt collector for a certain debt, the attorneys will have to take a closer look at that particular situation to determine if they can help you.

Q: What sort of action(s) do the attorneys take on my behalf?
A: The attorneys will communicate directly with your creditors and debt collectors via the mail and telephone. They will leverage their existing relationships with all the major creditors to negotiate the best possible settlement of your debts. If necessary, the attorneys will represent you should you have to go to court.

Q: Can I get in trouble (go to jail), not be able to get my real estate license (or some other license), receive a summons? 
A: No, you can’t get in trouble. This is a civil issue, not a criminal issue, you can’t go to jail for stopping your payments to the credit card companies and seeking a Debt Settlement. Keep in mind that some licensing and employers can take credit rating into account.

Q: I wasn’t planning on hiring an attorney.
A: While I understand that you were not planning to hire an attorney, in fact, hiring an attorney is the most legal and effective way to resolve your debt challenges. Most people shy away from hiring an attorney because of cost, or they fear they might have to appear in court. One of the great benefits of this service is Debt Free Consulting will help you find a program that caters to your specific needs. Sometimes an attorney isn't the answer for everyone but you will find that our attorneys' cost is very competitive to similar services.

Q: Is Debt Settlement Legal?
A: Yes. Debt Settlement is a legal process whereby qualified attorneys and debt settlement professionals reduce or eliminate debts.

Q: What is the Fair Credit Billing Act?
A: The Fair Credit Billing Act establishes procedures for resolving mistakes on credit billing. For example, if you are billed twice for the same purchase, or if your interest is calculated incorrectly, you can write a letter to dispute the error, and the creditor must resolve the dispute within 90 days.

Q: What is the Fair Debt Collection Practices Act?
A: The Fair Debt Collection Practices Act requires that debt collectors treat debtors fairly and prohibits certain methods of debt collection. For example, a debt collector may not contact you at work if you tell them your employer disapproves of such calls. That would be a violation of the law.

Q: What is the Fair Credit Reporting Act?
A: The Fair Credit Reporting Act Promotes the accuracy and privacy of information on your credit report. For example, consumers have the right to receive a free copy of their credit report once every 12 months to review it for accuracy. That gives consumers an opportunity to make sure their report is accurate. If you want a free copy of your credit report, go to www.annualcreditreport.com

 

866-900-1637 Join the many thousands of Americans who became debt free with LDD! Don't Wait. Time is running out. Allow us to negotiate your debt while the law is on your side. You have nothing to loose with our Free consultation. We will legally dispute your debt and lower your monthly payments. Get Started Now Toll Free 866-900-1637