Q.
Does your company serve clients from all 50 states?
A: Yes. We currently boast clients living in all of the 48 continental United
States, as well as Alaska and Hawaii.
Q.
I'm thinking of taking out a debt consolidation loan... Is this a good
idea?
A: Many people see this as the best option for resolving debt. Often,
the process sounds quick, with most clients expecting to receive a lump-sum
check within weeks.
For most people suffering
from a high debt level, a debt consolidation loan is not even an option.
This is because most lending institutions require collateral levels
up to 180% higher than the loan.
So, unless you have
equity in your home that is 180% of your total debt, you probably
don't even qualify.
If you do qualify,
consider the potential threat that your home is jeopardized if you cannot
pay back the loan. If you miss a number of payments, the bank merely forecloses
and repossesses your home.
On the other hand,
the Debt Management Advisors debt negotiation program reduces your payments
without incurring additional debt. Your home is not at risk. As
well, you automatically qualify for our program as long as your debt level
is above $15,000.
Q:
What kind of debt can I negotiate?
A: Any unsecured
debts such as credit cards, credit lines, department store cards, judgements
and liens, student loans, medical bills, business debt, collection accounts,
past due payables, and unsecured personal loans qualify for negotiation
in our program. To qualify for our program, your debt must total more
than $15,000. Note: Secured debts such as home mortgages and auto
loans typically cannot be successfully consolidated.
Q:
Why are creditors willing to work with Debt Management Advisors?
A: Creditors
are pleased to cooperate with our debt consolidation and repayment plans.
In order to avoid losing all payments to client bankruptcy, most major
creditors are willing to grant concessions to our clients in the form
of reduced interest rates and a lower total principle, with the understanding
that they will at least receive the negotiated principle back with the
restructured plan.
Q.
What exactly is debt negotiation?
A: Debt consolidation is the process by which we negotiate with your creditors
and create a repayment plan that best benefits you. Under our program,
monthly payments are lowered and interest rates are reduced - often to
levels approaching 0%! This way, you save thousands of dollars in interest,
and experience much shorter payoff periods.
Q.
Should I consider declaring bankruptcy to avoid paying my debts?
A: If you are in the midst of a financial crisis, understand that choosing
bankruptcy is a drastic option that should always be the last resort.
Choosing bankruptcy can effectively destroy your credit for up to 10 years.
In fact, most bankruptcy clients have extreme difficulty obtaining credit
in the future. With our debt consolidation alternative, you repay your
obligations at a faster rate, at reduced interest charges, without the
dire stigma of bankruptcy.
Q:
Can I choose which debts I want to place on the plan?
A: You may choose
to put all your unsecured accounts on the our plan, or you may prefer
to leave off one or two accounts (e.g. credit cards) for personal or business
use.
Applying for our program
is easy!
Click
here for a free consultation.
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