FAQ Page
Q. How can Debt Me Free Help Me?
A. Our goal is to help you live a debt-free
life! We do that by providing you informative
articles, and a free phone consultation with a
professional that offers debt settlement or debt
consolidation services.
Click Here
for a Free Debt
Consolidation Telephone Consultation!
Q. What can Debt Consolidation and Debt
Settlement programs do for me?
A. Debt Consolidation, Debt Settlement, Debt
Reduction, and Debt Management programs can help
you get back on your feet, and save you
thousands of dollars by negotiating with
creditors for you. Consolidating several debt
payments into one affordable monthly payment.
How?
DEBT CONSOLIDATION
A Debt Consolidation Program typically helps you
get a loan to payoff your existing debt, with
payments that are lower than what you are
currently paying. This allows you to have extra
money at the end of each month.
DEBT SETTLEMENT & DEBT ELIMINATION
A Debt Settlement program (a.k.a., debt
elimination or debt reduction) is designed for
people in serious debt that can't afford to make
their payments. Debt Settlement is for people
with unsecured debt
(like credit cards). Through Debt Settlement, a
professional company usually has you pay money
into an account that they hold for you. Then,
they negotiate a much lower payoff for each
unsecured debt you owe to a creditor. For
example, if you have a credit card with a
balance of $10,000, a debt settlement company
may be able to settle that account for as little
as $2,500 - $5,000 dollars. That means you save
$5,000 to $7,500 on just that credit card.
Click
Here
for a
Free Debt Consolidation Telephone Consultation!
Q. How much can Debt Consolidation or Debt
Settlement save me?
A. Generally Debt Consolidation or Debt
Settlement program for unsecured debt can settle
your debt so that you only have to pay 60 cents
for every dollar owed (with interest usually 30
cents, or less) saving you 60% or more. In some
cases, up to 75%. Each program is different
however, so you want to ask any prospective
company you plan on hiring what they charge and
how much you can expect to save.
Click
Here for a Free Debt Consolidation Telephone
Consultation!
Q. How much unsecured debt do I need to
participate in your program?
A. To qualify for one of our Debt Consolidation
or Debt Settlement programs, you need at least
$10,000
in unsecured debt.
Q. What debts can I include in your program?
A. "Unsecured" debt. That means debt that is not
secured with collateral. Unsecured debts include
credit cards, medical and legal bills,
judgments, unsecured or personal loans of any
type, retail debt, and collections.
Our program does not cover debts such as: home
mortgages, automobile loans, motorcycle loans,
boat loans, or airplanes and motor homes before
repossession. We also do not work with IRS tax
liens, government-backed student loans, child
support or alimony.
Q. Some companies charge a considerable monthly
fee for their services. How much should I pay?
A. That question is very tough to answer. Each
company has different cost structures. We
suggest that you find a company whose fees are
based upon the savings they negotiate for you.
Click Here for a Free Debt Consolidation
Telephone Consultation!
Q. Are there tax consequences to debt
settlement?
A. Sometimes a creditor will send a 1099
statement for the amount they have written off
when they settled a debt with you. The
government calls this forgiveness of debt
income. Most people can use this exception in
the tax law, if insolvent, and do not have to
pay tax on it. You should check with your own
accountant to see if you qualify for this
exception.
Click Here for a Free
Debt Consolidation Telephone Consultation! |
