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Debt
Management Programs are primarily designed for those who have accumulated
a fair amount of unsecured debt and find it difficult to make the
required monthly payments. What usually happens is that some people
fall behind on some of their payments, which tends to increase their
minimum payment. Interest charges builds up and then, when you go
into arrears, late charges are added monthly, increasing your debt.
A lot of times, it becomes impossible to catch up. Our organization
can help by contacting all of the unsecured creditors and notifying
them that the client has enrolled in our Debt Management Program.
Creditors
must accept that the client has enrolled in our program. Realizing
that the client is financially over-extended and is seeking professional
help from a qualified non-profit consumer credit counseling organization,
most creditors will work with our organization and offer some form
of relief. Usually, but not always, we can stop late fees and other
punitive charges, reduce or stop interest charges, lower the required
monthly payments and re-age accounts to bring them current.

We
negotiate all unsecured debt, such as credit card accounts, medical
bills, service charges, personal and signature loans, and installment
loans and student loans. Once enrolled, correspondence from creditors
regarding past due accounts are directed to our organization. In
addition to these benefits, our program puts an end to upsetting
collection calls and offers our clients a new financial lease on
life.
In
analyzing an applicants financial profile we determine whether
or not you have sufficient income to sustain an acceptable budget
based on a "revised" payment plan. If you qualify for
enrollment, we set up a contingent budget which accommodates all
of your creditors. Only unsecured debts, however, are placed in
our Debt Management Program. We do not contact secured creditors,
utilities, or insurance companies. These expenditures, however,
are accounted for in determining an acceptable budget. This budget
includes a "fixed monthly consolidated payment" to cover
accounts placed in the Debt Management Program. Upon enrollment
, based on this budget and our experience negotiating with creditors,
we draft and mail proposals to each creditor placed in the program.
We are recognized by virtually every major bank and finance company
nationwide and regularly develop affirmative relationships with
new creditors as our client base expands and new unfamiliar creditors
become an issue. In nearly every case, our organization is accepted
for the benefit of our clients.
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