Frequently Asked Questions

I am doing pretty well financially. Why should I bother with this program?

Many of our new clients are doing well financially and are referred to us from their accountants or attorneys. Our program can improve your financial position quickly and methodically, using proven financial techniques. We plan your accelerated debt payoff program and then carry out all the steps necessary each month to successfully execute your plan through to its completion. We also simplify your life by transferring funds for you each month. You will no longer have to think about paying your monthly debts by check or going online to pay them; we do it for you.

I only have one or two debts. Can your program help me?

Yes, we can help you too. You will be able to find out how much we can help you save, and determine if you are interested in joining us when you input your debt information and get your analysis. There is no risk or obligation, it’s safe, it’s fast and it’s FREE.

I have heard some programs out there can hurt your credit. Will this one?

No. We do not negotiate with creditors like hardship programs do such as Credit Counseling or Debt Settlement Services, which may actually hurt your credit score and/or raise the interest rates that your creditors charge you. We do not check your credit rating so there is no inquiry that will reflect on your credit report and possibly lower your score. Your credit will actually be improved with our program because payments are always made on time, and we never pay less than the minimum amount due, like other programs. Your debt-to-income ratio will also improve which will greatly improve your ability to qualify for future loans, if the need arises.

Why not consolidate my debts into a Second Mortgage?

Mortgage companies are pushing this; you can’t watch T.V. for an hour without seeing some commercial for "consolidate your high interest debt into one low monthly payment." It sounds great, but it can lead to big problems down the line, and there is a better solution.

Consolidation takes equity out of your home, which is counter productive and dangerous. In the event you were to need the equity in your home for an emergency, it might not be there. If you are considering this, be sure to learn of the dangers in interest only seconds as well as low interest variable rate seconds and HELOCs.

Where most people get into trouble is they exchange there hard earned equity in there home for eliminating debt, but then they continue to add on more debt in a short time and are back in the same mess as before, only worse; now they no longer have equity in their home. This is one reason for the dramatic increase in personal bankruptcies and home foreclosures in the past few years.

Our Debt Managers are not paid on commission, to assure they are always looking out for your long-term financial well being. We accelerate out your debt, while increasing the equity in your home. We are not in the Mortgage Business; we are in the business of getting you out of your Mortgage.

How can you achieve such amazing results?

Your Personal Debt Manager takes the same money you're already spending and does a complete audit of your current debts and payment schedules, and then our Computer Program recalculates those payments to your advantage rather than the lender's. Our Program creates a margin which is used to strategically pay down your principal much quicker and thus achieving the remarkable results. You may make optional payment amounts as well so you may accelerate your payoff even faster if you choose.

How much does this service cost?

We do not charge any up-front fees or start-up fees of any kind. We charge our management service fee of 1% of the money we save you, which is taken out of the savings at the end of your program.

(For example: if we save you $140,000 in interest charges, then we charge a fee of $1,400 at the end of your program)

There is a $50 per month service fee that will pay for your Personal Debt Manager who will be monitoring and paying all your monthly debts for you. You will no longer have to think about paying your monthly debts. You can have peace of mind, knowing your debts are paid each month for you, electronically through your collection account.

The better question is "how much will it cost me to NOT join this program." On average we save our clients over $100,000 if they stay with the program. We offer a FREE consultation to you and present a customized analysis with all the numbers to help you in making your decision. Our job is to save you money. Nothing else!

What do creditors think about this service?

Creditors will tell you they like our service because your bills will always be paid on time; however, many creditors want to keep you in debt for as long as possible. Their profits come from finance charges and other fees they charge you. Our goal is the opposite, to get you out of debt as soon as possible and to help you pay as little interest as possible. We can’t say for certain, but we don’t think they really like us.

Will this program bring me immediate debt relief and lower my payments?

No, this is not a hardship program. This is not credit counseling or a debt relief program for those who can’t pay their bills. If you are cash negative and needing immediate debt relief then this program is not for you. We would suggest you look into credit counseling, or seek legal help. You may find help with one of our links on our home page.

Am I required to refinance my mortgage?

No, you are not required to, and it is not usually suggested. In a few cases it may make sense, but in most cases it does not. Refinancing may lower the overall monthly payments; however it may increase the amount of your Mortgage or time frame to pay it off; to the point that it is not in your best interest. We can run an analysis to determine if a refinance is in your best interest or not.

Can I include all of my bills?

Any and all Debts, secured or non-secured, can be included in your plan. This includes all credit cards, department store cards, gas cards, medical & hospital bills if on a payment plan, student loans, mortgage payments, motor homes, mobile homes, auto loans, boats, planes, tax debts and any payment you have that accumulates interest. We eliminate all of your debt in 1/2 to 1/3 the normal time. You would not include monthly bills that do not have interest charges such as phone bill, electric, water, gas, etc.

Can I increase payments if my situation changes to get out of debt even sooner?

Absolutely, you can always increase the draft amount and we never penalize you for early repayment, in fact, we encourage it. This would enable you to get out of debt even faster.

What if I get a new car, want to sell my home or make other changes to my debts?

We understand and expect that life's circumstances will change. Simply let us know what the new information is and we update your debt plan. You can call your Personal Debt Manager to see the impact of any decision regarding debt before you make your final decision.