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Credit Relief Assistance: Legal debt settlement program for unsecured debt
Minimum Acceptance Standards:
-Total Debt Minimum: $5,000
-Min Debt Amount per creditor: $350
-No Less than 3 creditor accounts per client
-Monthly draft never less than $250
-Not more than a 48 month program
Accepted debt for settlement:
1. Unsecured credit cards
2. Repossession balances. (Car and house are typical)
3. Past due utilities.
4. Attorney fees.
5. Vendors for the self employed. (Special deals that requires a special program)
6. Veterinarian hospitals.
7. Balances from previous rentals or broken lease agreements.
8. Hospital bills.
9. Credit Unions if no other accounts with that credit union, such as bank accounts or car loans.
10. Payday loans if the consumer has less than 3 and they are not attached to a bank account. If they are consumer will have to close his account and open a new one. (Payday loans will not be included in the 50% guarantee.)
Not accepted for debt settlement:
1. Mortgages (this is handled through loan modification)
2. Car Loans (if car or any vehicle has not yet been repossessed)
3. Cash advances/balance transfers more than 25% of the debt if done in the last 6 months. (The client can put the account on the program if the client agrees to make minimum payments with the creditor for a period of 6 months from the date of the last cash advance or balance transfer.)
4. Individual debts under $350. (No combining, for example, 2 Capital One accounts at $250. each.)
5. Payday loans if customer has more than 3.
6. Gambling debt with casinos.
7. State or Federal Taxes.
8. Credit Unions where there is a secured account with the credit union, such as a bank account or car loan.
9. Student Loans/ School Tuitions
10. Personal Debts with friends or family members.
11. Military accounts such as Military Star, Navy Federal Credit Union.
12. Federal Credit Unions
13. Clients that do not have banking information.
14. First payments that are 14 days out or more from the time the contract comes in, unless there are very special circumstances.
15. A consumer that recently has had a summons and complaint given to them by a Sherriff or process server.
16. Accounts with judgments attached
17. Cash Call accounts
18. Insurance (any)
19. American General or CitiFinancial accounts
States not accepted:
All states except: South Carolina, New York, Wyoming, Wisconsin, Montana
Guarantee:
Based on the past experiences we had with clients and the current quality standards that we have in place, our attorneys can guarantee (in writing!) to reduce unsecured debt to minimum 50% of the original value at settlement date
Attorney regulated:
The legal team of attorneys is overseeing the program and will ensure that everything is done totally legitimate, according the latest regulations and laws for debt settlement.
A trust account is opened in your name where only you have access to and funds are disbursed to your creditors until your debt is paid off completely.
Call 1-800 709 1117 and speak with one of our Case Managers for more information on our debt restructuring service, how it works and in what way it will also benefit you!
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