Q: How will debt settlement
affect my credit report?
Debt settlement may have a temporary negative effect on
your credit report. However, what are you worried about
- your credit report or your debt? The fact is, your
credit may be already affected due to a high
debt-to-income ratio. Also, if you have ever made late
payments, this has a huge impact on your FICO score. . However,
our debt settlement program will
improve your debt-to-income ratio and may therefore
improve that portion of your credit score. Once you have resolved your outstanding debt through our
debt settlement program, your credit report should show
that your debts are "paid settled" or "satisfied." As a
result, debt settlement is a preferred alternative to bankruptcy.
You may obtain a FREE copy of your credit report at
www.annualcreditreport.com.
Q: Why can't I
just settle these debts myself?
While it is possible for you to attempt to settle your
own debts, our company employs a team of professional
people to work for you and achieve excellent
settlements. We also deal in volume so that we may bring
more leverage to the table at the time of settlement.
Q: Is debt settlement the same
as debt consolidation?
No. In debt consolidation programs, the debt
consolidator makes one loan to you to pay off all your
debts. You are charged interest on this debt
consolidation loan, and in some cases you are still
required to pay interest to your creditors. As a result,
with debt consolidation your principal debt balance
remains the same and you remain years away from becoming
debt free. With our debt settlement program, our highly
skilled negotiators work on your behalf to significantly
reduce your debt. In most cases, our debt settlement
program allows you to pay only a fraction of what you
owe and helps you resolve your debt within 9 to 24
months, and often sooner.
Q: How long does the debt
settlement program take?
The length of time it takes to complete the debt
settlement program varies depending upon your ability to
acquire the funds necessary to resolve your debt.
Typically, we settle most of our cases in 9 to 24
months. For information about how long it will take for
our debt settlement program to resolve your debt call
1-800-648-5771.
Q: Do you keep my information
confidential?
Absolutely. USA vs. DEBT and affiliated law firms
maintain your confidentiality at all times and are bound
by "Rules of Professional Conduct." We only disclose
information to those persons that you have authorized.
All creditors that you have contracted us to settle with
on your behalf will be contacted by us and advised that
you have retained USA vs. DEBT to represent you.
Q: Do I have to be delinquent
with my debts to be eligible for your debt settlement
program?
No. The debt
settlement program works with debtors in all stages of
collection.
Q: How do I get approved for
your debt settlement program?
The program is not for everyone. If you are in debt, employed, and serious about
resolving your debt, you should take the first step and
contact us for more
information. We will advise you
of your acceptance into the debt settlement program
and/or other options available to you.
Q: How much does the debt
settlement program cost?
The fees for each debt settlement case vary based on the
complexity of your financial situation and the level of effort
required for us to assist you to zero debt. While we do charge
a nominal fee for our debt settlement services, the
program will ultimately save you money as we allow you
to settle your debt for a fraction of the original
balance. For more detailed information about our debt
settlement program fees, please call 1-800-648-5771.
Q: Does the debt settlement
program work for all of my creditors?
No firm can
guarantee that every creditor will accept an offer to
satisfy your outstanding debt. We have years of
experience settling millions of dollars of debt, and we
have built our reputation and integrity by only
accepting cases that we can resolve for a fraction of
the original debt. For more details on what you can
expect from our debt settlement program, call us at
800-648-5771 for
additional information.
Q: Do I have to include all of
my debts in the debt settlement program or can I choose
only the ones I would like you to resolve?
With our debt settlement program, you can select which
accounts you would like us to settle for you.
Q: Will all of my debt be
eliminated when I finish the debt settlement program?
When you follow all of our debt settlement procedures,
you can expect to have zero balances on all unsecured
accounts that you've contracted USA vs. DEBT to resolve.
You will still be responsible for your secured debts
(i.e. mortgages, auto loans, etc.) and unsecured debts
that you did not retain us to settle. We Will be happy
to accelerate your secured debt on our mortgage and loan
savings program to help you save thousands of dollars in
interest and unnecessary mortgage payments.
CLICK HERE for more
information.
Q: What can I expect as a
result of your debt settlement program?
You can
expect a substantial reduction in what you owe to your
creditors. While each case is different and results
vary, the debt settlement program typically settles
client debts for 20% to 60 % of the balances owed.
Q: How does debt settlement
compare to bankruptcy?
Bankruptcy was designed to be your last resort and has a
devastating effect on your credit rating that lasts for
seven to ten years. Debt settlement is a bankruptcy
prevention program that provides you with financial
freedom without the long-term effects that come with
bankruptcy.
Q: Are your debt settlement
services guaranteed?
We cannot offer a 100% guarantee that our debt
settlement services will work for you. That said, before
we accept your case we will perform a thorough analysis
of your cash flow and debts. When we can help you with
our debt settlement program, we will. And if we don't
think we can help you, we won't accept you into our debt
settlement program. We have settled millions of dollars
of consumer debt and our reputation and integrity have
played a key role in our exceptional success rate.
Q: How can I be sure the debt
settlement program will work?
USA VS DEBT takes great pride in, and our reputation is
built on, getting our clients out of debt and helping
them avoid bankruptcy and debt consolidation. After
analyzing your financial situation you will either be
accepted into the debt settlement program or we will
advise you of your best options.
Q: What is the difference
between unsecured debt and secured debt?
Unsecured debt generally arises out of a contract
entered into with a creditor that enables you to obtain
goods and services on credit in exchange for your
promise to repay the creditor. Credit cards, medical
loans, and personal loans are the most common types of
unsecured debts. If you are delinquent with this type of
debt the only recourse the lender has is legal action. A
secured debt is a loan where the creditor retains a
security interest in your property such as a house or an
automobile. If you fall behind on payments with this
type of debt the lender has the ability to repossess the
property in order to mitigate their damages. If your
property is repossessed and sold you remain liable for
any deficiency balance that remains after the sale.
Certain exceptions apply depending on the nature of the
security interest. The laws regarding home mortgages
vary from state to state and the lenders' rights usually
depend on the terms of the mortgage and whether any
other lenders have an interest in the real property. In
these situations, it is important to seek legal advice to
protect your interests. See how we can help you with
these secured debts. CLICK HERE
for more information.
Q: Does secured debt ever
become unsecured debt?
A secured debt may become an unsecured debt in
situations where the property securing the loan has
already been repossessed and sold by the creditor. If
the sale of the property does not meet the contractual
obligation the consumer owes a deficiency balance. This
deficiency becomes an unsecured debt. Certain exceptions
may apply and will depend on the security interest.
Q: What happens
if I continue to get calls
and collection letters from my creditors?
Should you continue to receive calls from the creditors,
contact our consumer advocacy firm. www.ucan.net . As
part of our debt settlement program these advocates will
provide you with a telephone log to record these calls
before you forward them to their offices. This log
allows us to track creditor correspondence and assists
us with your debt settlement program. We will take the
necessary steps to help insure that unwanted harassing
creditor calls are abated.
Q: What should I
do if a creditor calls me?
We suggest that you do not talk to your creditors, but
we will provide you with a call log to help you track
the calls that you receive. By enrolling in our program,
you will become a member of UCAN, a consumer advocacy
group that helps protect you from creditor harassment.
You may contact them for assistance if call volume
becomes excessive.
